Do MNCs really lookafter their employees?

Over the years, India has been open to a global market. Outsourcing businesses to the other foreign countries has perfectly synced with the global business market as a lot of foreign companies have setup their shops in this country. As such, the competition has raised a lot and Multinational companies are training their employees to vie in the world of Business. More and more fresh graduates are now turning towards these MNC’s and why not? They offer large salary packages, perks and incentives to employees in return for their services.
In some way or the other, there has always been a cold war among the MNCs and the private firms. Multinational companies believe that they allow their employees a full freedom while dealing with clients whereas private firms completely refuse this concept with a view that employees working in MNC are not trained enough to counter real life situations. While this is so, a renowned multinational company-yahoo India- has recently slashed 50 jobs that include positions of junior engineers, managers, senior managers and others on the criteria of incompetency, low performance and inexperienced personnel. Even worst is that they didn’t even give the prior notice to these employees. Now this being the case, I really wonder if these companies are considerate about their employees or not.