TCS Asks 500 Employees To Resign (TCS Layoff)
India’s leading software services company, TCS, have announced that around 500 employees have been asked to resign due to their poor performance.
The company review staff performance twice a year where staff are rated on a scale of 1 to 5. Staff with low scores are either asked to re-train or sent for counselling depending on their role. Staff who are unable to meet the performance requirements are asked to find work elsewhere.
It has been speculated that IT companies have started actually tough regarding employee productivity as a result of the rupee rising against the dollar.
In the last quarter of 2007 TCS employeed 4,037 new employees taking the total number up to 108,229. A year previous to this the total headcount was 83,500.
About TCS:
Tata Consultancy Services (TCS) is one of the world's leading information technology companies. Through its Global Network Delivery Model™, Innovation Network, and Solution Accelerators, TCS focuses on helping global organizations address their business challenges effectively.
TCS continues to invest in new technologies, processes, and people which can help its customers succeed. From generating novel concepts through TCS Innovation Labs and academic alliances, to drawing on the expertise of key partners, it keeps clients operating at the very edge of technological possibility.
Whether TCS is envisioning a business advantage, engineering an IT solution, or executing an outsourcing strategy, it helps its customers experience certainty in their every day business.
The company review staff performance twice a year where staff are rated on a scale of 1 to 5. Staff with low scores are either asked to re-train or sent for counselling depending on their role. Staff who are unable to meet the performance requirements are asked to find work elsewhere.
It has been speculated that IT companies have started actually tough regarding employee productivity as a result of the rupee rising against the dollar.
In the last quarter of 2007 TCS employeed 4,037 new employees taking the total number up to 108,229. A year previous to this the total headcount was 83,500.
About TCS:
Tata Consultancy Services (TCS) is one of the world's leading information technology companies. Through its Global Network Delivery Model™, Innovation Network, and Solution Accelerators, TCS focuses on helping global organizations address their business challenges effectively.
TCS continues to invest in new technologies, processes, and people which can help its customers succeed. From generating novel concepts through TCS Innovation Labs and academic alliances, to drawing on the expertise of key partners, it keeps clients operating at the very edge of technological possibility.
Whether TCS is envisioning a business advantage, engineering an IT solution, or executing an outsourcing strategy, it helps its customers experience certainty in their every day business.
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