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.
