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Here is my hypothesis on it..they were aware of these cases but they chose to ignore since they had projects to deliver and there was resource shortage in market..now demand supply picture has changed so they are citing it as a reason for letting them go..it is hard to believe that suddenly they got to know about thousands of people who had faked experience..
Nikal diya theek hai but lena hi nahi chahiye tha..what kind if shabby background verification happens here?
You are right it is easy to say and difficult to accomplish but it cannot be an excuse for bgv or financial scams..lack of governance is everywhere but it needs to be part of the process..
On a side note this reminded me of someone saying data flow hoga multiple platforms mein toh issues bhi toh honge hi :D
So they were asleep till date regarding the fake experiences