There is no respite from the pink slip blues, it seems, as more and more IT companies are now sort of realizing that there are many 'non-performers' in their organizations!
The latest is IT major Tata Consultancy Services (TCS), which has decided to lay off about 1,300 of its workforce in the next few months, as they have, according to the employer, failed to meet performance standards.
TCS currently has a total headcount of 1.3 lakh worldwide.
When contacted by CyberMedia, a TCS spokesperson said that one per cent of the total staff strength will be laid off based on their performance. However, it clarified that the lay off will not be limited to any particular location, but it will be across geography.
"There is continuous emphasis on high performance in order to drive delivery excellence across TCS. In this context, employee performance is reviewed under a regular appraisal process and this results in some performance-related attrition every year. TCS offers all possible assistance through outplacement agencies, counsellors and HR consultants," said the TCS spokesperson in a statement.
Meanwhile, a report by 'The Economic Times' said that last fortnight the company has already sacked over 200 employees from its development centers in Chennai.
Recently, the company's CEO and managing director S Ramadorai had said the possibility of job cuts in the company cannot be ruled out and had made it clear that there will not be any salary hike next year.
The latest is IT major Tata Consultancy Services (TCS), which has decided to lay off about 1,300 of its workforce in the next few months, as they have, according to the employer, failed to meet performance standards.
TCS currently has a total headcount of 1.3 lakh worldwide.
When contacted by CyberMedia, a TCS spokesperson said that one per cent of the total staff strength will be laid off based on their performance. However, it clarified that the lay off will not be limited to any particular location, but it will be across geography.
"There is continuous emphasis on high performance in order to drive delivery excellence across TCS. In this context, employee performance is reviewed under a regular appraisal process and this results in some performance-related attrition every year. TCS offers all possible assistance through outplacement agencies, counsellors and HR consultants," said the TCS spokesperson in a statement.
Meanwhile, a report by 'The Economic Times' said that last fortnight the company has already sacked over 200 employees from its development centers in Chennai.
Recently, the company's CEO and managing director S Ramadorai had said the possibility of job cuts in the company cannot be ruled out and had made it clear that there will not be any salary hike next year.
Article Source:http://www.ciol.com/News/News-Reports/TCS-to-sack-one-pc-of-its-global-workforce/9309116948/0/
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