IT bellwether Tata Consultancy Services finally broke its silence on the alleged large scale layoffs by the firm and clarified that these are entirely false and baseless claims.
The IT firm went on twitter on Tuesday and said, “We would like to place on record that TCS has not initiated, and is not planning to initiate, any large scale exits of any section of its staff in any part of the organisation.”
For the past few weeks, social media was abuzz with news that TCS is likely to layoff 25,000 employees who are “under performers.”
The news went viral and dragged the attention of various trade unions in Tamil Nadu such as Centre of Indian Trade Unions (CITU) and All India Trade Union Congress (AITUC), New Democratic Labour Front (NDLF) who sprang into action and came out in support of TCS employees. A small group called Forum for IT employees also voiced their concerns on this issue.
TCS also said that performance appraisals and associated processes are an integral part of the company's operations. TCS spokesperson said that the involuntary attrition for the first nine months of this year has been 2,574 employees which represent 0.8 per cent of the total employee strength.
The statistics for financial year 2014 and 2013 were 2,203 and 2,132 respectively. “The total involuntary attrition for the current fiscal year will be around one per cent,” TCS spokesperson said.
On Tuesday, the Madras High Court restrained TCS from retrenching an employee. When contacted, on this issue, the spokesperson said, “We have not received any court order regarding this. TCS conducts its performance appraisal process in a fair and professional manner. In this situation, we will review the issues raised in a responsible and considerate manner.”
