Sensitive to staff: N Chandrasekaran
16 January 2015
N Chandrasekaran, CEO & MD, said Tata Consultancy Services continues to be a company 'sensitive' to staffers, and that the recent drive to weed out non-performers could have been handled better.
Earlier on Wednesday, TCS had defended itself over reports that it has pink-slipped 2,574 employees in the first nine months of this fiscal, and as the total layoffs in the full year are expected to exceed 3,000.
TCS termed these exits as "involuntary attrition", and claimed it does not plan to initiate any large-scale layoffs among any section of its staff in any part of the organisation (See: 'Involuntary attrition', not mass layoffs, says TCS).
''I joined this company as a trainee and I have gone through all the processes that every other employee in TCS goes through. Performance-linked separations are a normal process for the company every year,'' Chandrasekaran said.
''I don't know if it's a communication failure or something else, but we have to reflect, in all humility, why this has created so much noise and dissatisfaction this time around,'' he said at a news conference.
As per some estimates, TCS was to dish out pink slips for 25,000-30,000 non-performers. However, TCS recently clarified that it will terminate the services of around 1 per cent staffers this year. This means that the axe could fall on over 3,000 employees as the company had 313,757 staffers on its rolls as on September 30. The involuntary separations are in line with previous year's trends, the company said.
The Madras High Court on Wednesday restrained the company from retrenching an analyst, Sasirekha Thangavel Natarajan, who had been issued a termination order by the company (HC restrains TCS from sacking mid-level employee).