HDB Financial Services sacks about 150 employees

HDB Financial Services, a non-banking financial arm of HDFC Group, has sacked about 150 employees during the lockdown, a development which the company said involves a minuscule number of employees and has nothing do with the current economic situation.

However, many of these employees came out on social media platforms against the firing while alleging that HDB Financial Services asked them to resign with immediate effect or face termination.

The company left them to fend for themselves when there is practically no scope of finding a new job in the middle of the lockdown due to the coronavirus pandemic, the sacked employees alleged.

When contacted, HDFC Bank, the parent company of HDB Financial Services, said those resorting to Twitter were a set of disgruntled employees who were being watched for their performances and were intimated well in advance about the same as also there were some ethical issues.

PTI spoke to some of the sacked employees who said it is unethical on part of the company to ask them to leave without any prior notice or anything when it is practically impossible to find a new job.

HDFC Bank in a statement said, "What we are seeing is an attempt by a handful of disgruntled employees to take advantage of the current situation. This involves a minuscule number of employees out of the total 1 lakh+ and has nothing to do with the ongoing lockdown or the resulting economic situation."