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| TCS sacks 1,300 employees
Last Updated: 2009-03-17 11:48:13
Mumbai: Around 1,300 employees of Tata Consultancy Services will resign from the company following a routine bi-annual performance appraisal. The employees being asked to leave will constitute around one per cent of the total staff, numbering over 1,30,000, said a spokesperson for the company.
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Their leaving the company is not part of any cost-cutting exercise designed to cope with the economic slowdown, she said. TCS’ bi-annual performance appraisal throws up under-performers who are given special training; but if they are not up to the mark in the next appraisal, they are asked to leave.
Last year, the company had asked 500 employees to leave following such an appraisal. Analysts held that although the staffs cut was for under-performance, it is possible that in times of slowdown companies might come up with more stringent standards for performance.
TCS’ current utilisation rate (the proportion of staff working on projects) is 75 per cent, said the spokesperson. This does not mean that 25 per cent are benched, for the rest consist of administrative and other staff that are not directly on projects, she said.
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