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TCS may cut 1,300 jobs

Views 6 Views    Comments 0 Comments    Share Share    Posted by Kushagr 10-03-2009  
The story of gloom and doom just doesn`t seem to end. IT major Tata Consultancy Services [Get Quote] is all set to cut about 1,300 jobs over the next few months, according to an Economic Times report.

The figure constitutes less than one per cent of the company`s 130,000-strong workforce. According to the report, a TCS spokesperson reasoned that these employees had failed to meet performance standards.

In TCS`s development centres in Chennai, more than 200 jobs have already been axed in the last fortnight, the report said, quoting unnamed TCS employees.

Source:
http://www.rediff.com/money/2009/mar/10bcrisis-tcs-may-cut-1300-jobs.htm
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