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Old March 9th, 2009, 11:08 AM
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Red face TCS likely to lay off 1,300 staffers

TCS likely to lay off 1,300 staffers

Chennai: India's IT major Tata Consultancy Services (TCS) will lay off around 1,300 employees - less than a percent of its global workforce- over the next few months, as these employees failed to meet performance standards, a company spokesperson said. The company has a total headcount of around 1.3 lakh.


Lay-offs have started at the company's development centers in Chennai, where over 200 employees have been asked to leave in the last fortnight, said TCS employees on condition of anonymity, as reported by The Economic Times.

A member of the TCS corporate communication team confirmed the development to the daily but did not put a number or place to it. "This is mostly employees who have been given a second chance to improve and haven't. They will be sent over a period, in the next few months. This will constitute less than a percent of our global workforce. We had to let go of 500 people last year on performance issues," the corporate communication team member said.

This comes less than a week after the company's CEO S Ramadorai said the company would review the variable pay component for its employees and also increase the working hours.

Asked about job cuts, he had said the company wasn't planning to cut jobs immediately but might have to if the situation worsened.

Employee expenses make up at least 53-54 percent of the company's total cost. Going by its analyst presentation for the third quarter ended December 2008, TCS had a total employee count of 1,30,343.

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Old March 9th, 2009, 11:19 AM
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Red face Re: TCS likely to lay off 1,300 staffers

Some more happenings in India....
Quote:
Employees spend extra hours at work, fear taking leaves
Monday,09 March 2009, 16:05 hrs

Bangalore: Nowadays most of the employees are ready to spend more time in their office and take less number of leaves due to the fear of job loss. Many employees fear that staying away from work even for a day would mean 'being noticed,' reported The Times of India.


The HR departments of several companies said that the number of leave applications has come down drastically. A Gurgaon-based BPO firm had received over 400 applications between January 10 & February 22 last year asking for leave in the month of March, while this year, the company received only a few dozen leave requests for March. The company official requested the daily not to name his company in this report.

Pallab Bandyopadhyay, VP for HR in Perot Systems, says employees have become extremely cautious. "They are increasingly becoming focused and performance-oriented," he says.

"It is clear that people are placing a greater premium on their jobs. The responsibility factor has gone up by a few notches. The basic employee behavior is undergoing a change. All these were missing during the time when they were chased by multiple jobs," says Sudheesh Venkatesh, head of HR in Tesco HSC.

Many projects heads are reporting full attendance even on Saturdays.

"It's nothing but crouching for defense. There's an amplification of the fear of failure. There is unease everywhere which is palpable. No one wants to ignore the elephant in the room," says Manish Sabharwal, MD of staffing firm TeamLease.

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