TCS Layoffs Job Cut: to fire 1300 employees: Finance Trading Times

TCS Layoffs Job Cut: to fire 1300 employees

The news is not good for the employees of TCS. We had recently published the news about TCS top man S Ramadorai recently announcing that TCS may go for layoffs. The IT company has decided to go for layoffs as a result of so called non-performance as well as drastic market conditions. The recession is taking a toll on all sectors and even the IT or Information Technology companies are feeling the heat. The latest additon to the list of organization which may go for layoffs is the TCS. TCS Layoffs

How many employees may be fired in the TCS layoffs?
There will be around 1300 layoffs, as per the reports that have come. This is around 1% of the total employees.

What is the total no. of employees of TCS?
Total No. of employees of TCS is 130,000 employees worldwide.

Which locations will be affected by the TCS layoffs?
No info is available location wise. Although IndiaTimes has reported that about 100 employees have already been sacked in Chennai alone in the last two weeks.

When will the TCS layoffs happen?
No confirm dates for the layoffs, but it is learnt that the layoffs are slated in 2009 - In Chennai, they are already done.

How much savings can be made by the company from the layoffs?
No details available about that.

What is the primary reasons for TCS layoffs?
Company is quoting the reason that the employees are being laid off for want of performance. But it is also rumored that they are being done because of the global recession.

Any other news about TCS layoffs
As per IndiaTimes, The company has increased working hours to 45 hours per week from 40 hours effective April 1.
Let's hope that alternative jobs are available to the affected employees of TCS Layoffs Job Cut
Have Comments or Questions? Please post them as comments using "Post our Comments" link below. Your queries will be responded for free in 24 hrs!

1 Comment: Post your Comments

xcx said...(on 5 May 2009 at 01:28 )  

TCS recruits huge mass of average skilled people.i think for TCS it is a late decision.TCS is still entertaining a huge amount of associates who are on bench for a period more then 6 months.and laying off people with average ranking or people who are billable in some projects.so i want to give a suggesion that it should take a impartial decision while laying off employees.

Wish you all happy and fruitful trading and investing activities with safety! = = = Post a Comment

Copyright Information:
© Finance-Trading-Times.com
Please see Our Copy Right Policy. All the articles, posts and other materials on this website/blog are copyrighted to the author of this site. The content should NOT to be reproduced on any other website or through other medium, without the author's permission. Contact: contactus(AT)finance-trading-times.com

DISCLAIMER: Before using this site, you agree to the Disclaimer. For Any questions or comments, please mail contactus(AT)finance-trading-times.com.

About UsAdvertise with UsCopyRight Policy & Fair Use GuidePrivacy PolicyDisclaimer