Ground Report

The report says TCS had put almost 1,000 of it employees under the microscope. Even Infosys has also put 5,000 employees under investigation. Performance ranking is said to be the smartest way to layoff and is the new trend in the IT sector.

 

TCS employees, on condition of anonymity told the media that lay-offs have already started at the company’s development centers in Chennai, where over two hundred employees have been asked to leave in the last fortnight.

TCS spokesperson has confirmed the layoffs but didn’t reveal the numbers. He also said that these are employees who have been given a second chance to improve and haven’t. On a similar exercise, the company had to sack around 500 employees last year.

In the meantime, TCS CEO S Ramadorai announced company’s plans to review of employees’ variable pays and extending of working hours. He also said that the company wasn’t aggressively planning to cut jobs immediately but might have to if the situation worsened.