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TCS says no truth in layoffs, to give 100% bonus for staff

Thu, Jan 15, 2015, 06:52 PM
New Delhi, Jan 15: Putting the record straight on layoff rumours, TCS chief N. Chandrasekaran on Thursday said TCS is in high growth mode.

Stating that the IT major has hired significantly, Chandrasekaran said there is no truth to rumours on layoffs.

Significantly, he then announced 100 per cent variable allowance payout for staff.

He clarified that TCS in fact saw gross staff addition of 16,561 in Q3. With this the total TCS headcount is 3,18,625.
Agency: Ap7am Desk

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