SoylentNews is people
SoylentNews
One of the big Swiss banks, Credit Suiss, has just informed 58 of it's IT specialists that they are now employed by an Indian company. If they don't want to work for HCL Technologies, then they no longer have jobs. This takes effect at the end of this month.
I'm not even sure this is legal - Switzerland normally requires a minimum of 3 months notice. Probably the CS lawyers have found some loophole or other, like "selling" a whole department or something.
The bank has stated that the employees will receive HCL contracts for "at least 12 months". Which probably also means "at most" 12 months, because no Indian company wants expensive Westerners on its books any longer than necessary.
Of course, CS is a really good bank if you're in top management. Top management rakes in the bonuses, no matter how poorly the bank performs.
[ Originally reported by TagesAnzeiger (German), which stated the number of employees impacted as 100. -Ed.]
(Score: 1) by khallow on Thursday July 06 2017, @12:59AM
Well, those jobs haven't run out yet. Despite your incredibly rosy and Pollyannaish optimism, somehow we continue to see jobs in high tech in the developed world. That's despite the US habit of chewing up and spitting out IT personnel in the US.
Don't be stupid. Just be less desperate than your former employer. You could always save money or something so that you can afford that pizza.