CTC wants attrition to increase by another 10% min. Managers have been instructed to let work env to worsen so that more staff leave voluntarily, by imposing more work load, unfair appraisals, scapegoating etc so that there is no need to layoff and associated costs and reputation issues.
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Heard around 200 D+ are asked to leave
better explanation is here https://www.thelayoff.com/t/UUk9Gd1
A 'sell-by' date for employees? Fixing ageism and rethinking retirement
According to the AARP, there are signs older workers can watch out for:
Older workers are being fired or offered buyouts, and younger ones are being hired.The most
common term for this is "culture fit."
You are reassigned to unpleasant duties.
You start hearing tacky comments about your age.
You stop getting raises.
Your performance reviews tank.
but most of the dead wood have become managers, hence this type of stupid ideas can be easily implemented, and are working.
there is no dearth of unemployed in India so we can hire thro third party rolls anytime and promote exploitative employment in India
Unless they do selectively, this strategy will not work and that is not easy to do. Generally, employees who are good are the first to leave on their own and dead-woods will stick around until they are layed-off. This is a losing proposition.