ICICI Bank, one of India’s leading financial institutions, is currently facing allegations of employee terminations that have caused concern among its workforce. Employees have taken to social media to express their dissatisfaction with the bank’s alleged unethical behavior. Reports suggest that a number of employees, including women, have been dismissed without proper notice or valid reasons.
In April 2024, India’s unemployment rate reached 8.1 percent, adding to the financial burden faced by those who have lost their jobs. Employees who have shared email screenshots claim that the bank has heartlessly pushed them out of their positions, disregarding their pleas and grievances. Additionally, there are allegations that the bank’s Human Resources department is exerting significant pressure on employees, forcing them to resign against their will.
These developments at ICICI Bank have caused widespread outrage and calls for accountability. The bank’s reputation is at stake as the controversy unfolds, while the affected employees strive for justice and a resolution to their concerns. Employees have been forced to resign under the threat of being terminated without receiving a relieving letter or experience letter.
This sudden termination has caused significant hardships for the employees, including financial difficulties, inability to meet basic needs, paying off loans, handling medical emergencies, and covering children’s school fees and care for elderly parents. Despite the efforts to contact HR Management for a proper response, none of the emails or calls have been answered. Tragically, one of the employee from Uttar Pradesh has committed suicide.
Employees report experiencing exploitation, humiliation, and an unsuitable work environment due to biased senior staff who consistently demotivate and belittle junior employees.
The employees are voicing their concerns and calling for justice regarding their job terminations. They are requesting a thorough and fair investigation into the circumstances surrounding their dismissals.
