India – Chennai: India’s top software exporter Tata Consultancy Services (TCS) has decided to fire around 1300 employees or 1 per cent of its global workforce this year 2009. A company spokesperson said around 1300 employees could receive pink slips from TCS for failing to meet performance standard.
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.