Close on the heels of IBM India, another heavy duty IT employer has now sacked 500 computer engineers. According to various newspaper reports, TCS has laid off 500 computer engineers for below par performance in the annual appraisal. TCS is India’s largest IT company in terms of revenue and has the highest number of software engineers in India on its pay roll.
The company may claim that the move is motivated to keep staff with better performance, but I strongly suspect that other reasons like appreciating rupee, slow down in the US economy etc. could have played a major part.
If we believe the claims made the company, the thing that would surprise me the most is, how come these supposedly “low performing” engineers were hired in the first place and in such high numbers. Last I heard, the selection process used to be pretty rigorous. Along with so many retrenched engineers, I would like to see a few corporate HR heads roll.
Also, what about the severance packages. Do the companies compensate the laid off worker wee bit generously, which can hold the worker in good stead and make the whole process of looking for a new job and subsequent transition possibly smooth.
Above all, what I really fail to understand is, why does the company have to blow the trumpet about “asking the employees to resign” because of supposedly “performance issues” when they could have chosen the more sensible and smarter route of being at least politically correct if not genial altogether.
Company not only wants to fire the employees but give them a publicly announced negative appraisal, thus making it even more difficult for the engineers to look for a new job.
Not sure what the TCS executives had in mind, whether they wanted to escape guilt by laying the complete blame on these engineer or wanted to put a facade of stringent quality to impress a potential client, they have ended up making a complete media circus out of this issue.