Is TCS likely to lay off 1,300 staffers?

India’s biggest software exporter by sales, Tata Consultancy Services (TCS), will lay off 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.

This roughly works out to 1,300. The company has a total employee count of around 1.3 lakh.

IT companies are adopting stringent appraisal, cost-trimming and productivity-boosting measures as they grapple with the global economic slow down.

TCS employees said on condition of anonymity that lay-offs have started at the company’s development centres in Chennai, where over 200 employees have been asked to leave in the last fortnight .

When contacted, a member of the TCS corporate communication team confirmed the development but did not put a number or place to it.

Agencies