The acronyms used here have specific meanings. They should not be confused with words commonly in use these days to refer to the economy, politicians, Wall Street and Dalal Street people, AIG employees and so on!
> Subject: LETTER FROM MANAGEMENT
>
> Dear Employees,
>
> Due to the current financial situation caused by the slowdown in the
> economy, Management has decided to implement a scheme to put workers of 40
> years of age and above on early retirement..
>
> This scheme will be known as RAPE (Retire Aged People Early).
>
> Persons selected to be RAPED can apply to management to be considered for
> the SHAFT scheme (Special Help After Forced Termination).
>
> Persons who have been RAPED and SHAFTED will be reviewed under the SCREW
> program (Scheme Covering Retired-Early Workers).
>
> A person may be RAPED once, SHAFTED twice and SCREWED as many times as
> Management deems appropriate. Persons who have been RAPED could get AIDS
> (Additional Income for Dependants & Spouse) or HERPES (Half Earnings for
> Retired Personnel Early Severance).
>
> Obviously persons who have AIDS or HERPES will not be SHAFTED or SCREWED
> any further by Management.
>
> Persons who are not RAPED and are staying on will receive as much SHIT
> (Special High Intensity Training) as possible. Management has always
> prided itself on the amount of SHIT it gives employees. Should you feel that you
> do not receive enough SHIT, please bring this to the attention of your
> Supervisor, who has been trained to give you all the SHIT you can handle.
>
> Sincerely,
>
> The Management
http://economictimes.indiatimes.com/news/news-by-industry/jobs/senior-wipro-executives-flood-job-market-with-cvs/articleshow/8023115.cms
Senior Wipro executives flood job market with CVs
BANGALORE: A regime change is always an unsettling time for the troops. Wipro which last quarter named a new CEO and drastically altered the way it does business, is seeing a huge churn among its senior staff. By one reckoning almost a fifth of its 500 senior executives (in the 15 to 20 years experience category) have either quit or are looking for new jobs.
According to head-hunting and recruitment agencies, dozens of vertical /domain and business heads of Wipro have started floating their resumes to explore options outside the company.
A head-hunting firm in the city has received 52 job applications from Wipro employees in the 8-20 years of experience range in the last a month. Another recruitment firm has received 18 applications from senior Wipro execs with 8-15 years of work experience while yet another recruiter said his firm has received six exploratory calls from senior Wipro professionals in the last one week.
Some 40 people, including verticals/ business unit heads and general manager, have already quit the company in the past few weeks. That means, nearly 100 of the company's 500 senior exces have either quit or are looking at newer pastures. When contacted, a Wipro spokesperson declined to comment.
"There is an element of uncertainty and fear. Some pressure is mounting internally and heads are asked to show the money," said a leading IT recruiter.
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