Slowdown doesn’t make you Lose Job: TCS
IT giant Tata Consultancy Services (TCS) said that no employee of it is going to lose their job because of slowdown.
The company is capable of incorporating a number of ways to face any slowdown in business, Ajoyendra Mukherjee, CHRP of TCS said.
If there is recession suddenly, some projects will stop and new projects will not start, so there will be the shift from onsite to offshore, but that doesn’t mean one will lose their job, just the cost will come down.
TCS had spent Rs 66,396 crore on employee benefit-related expenses in FY18 which is 7.75 percent higher than Rs 61,621 crore spent in FY17.
“Today maybe, you are giving an opportunity for someone to improve performance for a much longer period, but that period would come down,” Ajoyendra Mukherjee said.