Multiple sources have confirmed us that Wateen has fired at least 500 employees, posing recession as the root cause. This rumor of downsizing at Wateen was in market for several days, until it matured yesterday when company reportedly fired 550 employees in total from almost all departments. It is anticipated that Wateen has plans to downsize its...
This is tough time for telecom vendors in Pakistan due to recession and lack of network expansion projects by cellular companies in the country. It is learnt by Propakistani that ZTE Pakistan, who was once market leader during 2003-05 in Pakistan is now planning for downsize by 30% of its overall headcount. In year 2003-2005 ZTE Pakistan’s overall...
Further to the first downsizing phase in Mobilink, which created some unrest among all the employees, our inside source have told Propakistani that President of Mobilink has held meeting with the top performers of Mobilink. He conveyed that Mobilink is only sidelining the bad performers and top performers need not worry in any case. Next six monthly...
Downsizing is sub function of Selection & Recruitment, and it has been in practice since long, actually we don’t know when exactly it was discovered. Downsizing is mostly done when there arises a need, but that’s not the only rule, we have seen organizations downsizing even when need was not in place. Recently, in USA alone, hundreds of thousands...
As we had anticipated, today at Mobilink, downsizing has begun with full force and things happened in a way that was never seen before in company’s history. Employees were stunned and shocked the way they were terminated. All these were permanent employees, who were not allowed to go to their seats either in the morning or after Jumma prayer and security...
