New Delhi: Five days after TCS sacked over 1700 employees, Trade unions such as Centre of Indian Trade Unions (CITU) and All India Trade Union Congress (AITUC) have come out in support of TCS employees facing termination. AITUC and CITU have asked software engineers to plan a strategy to resist the workforce cut.
On December 31, Tata Consultancy Services, one of the largest IT companies, started to tread layoff path by issuing termination letter to its employees here.
The regional office of TCS functioning at Infopark, Kakkanad in Ernakulam came up with the drastic move taking a cue from similar incidents in the Kolkata, Chennai, Bangalore, Lucknow wings of the firm.
According to company sources, TCS prepared a list of 500 employees for sacking. AST or Assistant Consultants, Associate consultants, consultants who are the mid-level managers mostly fell under the firing line of the company.
According to some analysts, one of the reasons for the retrenchment could be to avoid employees with a few years of experience, who are proving to be costly to the company, and use the same resources to hire more people at the entry level.
The seniors, who cannot be inducted into leadership or project management roles – probably due to lack of vacancies and competencies – add no better value than a new entrant. This “workforce optimisation†is seemingly about “cost optimisationâ€.
So far, 470 in Bengaluru, 700 in Hyderabad, 480 in Chennai, 70 in Pune and 20 in Kochi have been handed the pink slip.