I heard HSBC is laying off in Pune ! Is it true ?

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Yes..In some projects. They fire randomly a few throughout the year so that no noise outside

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Which dept?

It’s normal in all banks. Once a role is redundant due to any reason say cost or project issue; that person is laid off with 3 months pay. It’s common in all product companies basically.
It has nothing to do with organisation based lay offs .

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No

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Not heard anything yet

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Firing few and Lay-offs are two different things.
Layoffs are where every department has many cases there and you get to know about it easily.
I don't think this is happening currently.
There are cases where contractors were let go but then thats not layoff as they were never on payroll.

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Bro layoff is only for fte dont complicate things
Contractors still work with their company big difference

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Its not about knowing just that u mixing 2 different things

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