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Tuesday, February 05, 2008

TCS asks its employees to leave....

Following the poor performance in the last quarter and then the salary cut (though only a part of the variant in the pay package), now TCS has asked its employees, who were not able to perform as expected, to resign and leave the company.

TCS has asked 400 employees, who have under 2 years of experience, to resign, reports NDTV Profit. The company says it is a part of the annual performance driven exercise. The TCS stock is trading at Rs 954, down 2.3% on the BSE.

"Those who cannot meet the performance requirements of our company are asked to look for another job commensurate with their abilities," a spokesman for Mumbai-headquartered Tata Consultancy told Reuters.

"This (financial) year so far about 500 people have resigned voluntarily."

Some news HERE and HERE.

whatever reason it could be, such moves will only create fear among the TCS employees and of course a bad impression in their name. Instead of such sudden surprises, TCS shouldn't have recruited so many people in recent times and asked them to just sit in bench for months.

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Anonymous Dhinesh said...

This should be a false news. No such official news from TCS itself.

2:47 AM  
Anonymous TCSer said...

I will not agree this as lay off. After the recent appraisal nearly 500 people left TCS because they were not happy to stay more.

To cover up that attrition these people are calling it as voluntary resignation.

5:30 AM  

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