Bangalore: When Tata Consultancy Services (TCS) tells 500 people to leave and when there is talk of a squeeze in salary in the IT industry, you know it is time to worry about jobs. Or is it?
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Coinciding with cost-cutting drive in Indian IT space amid fears of recession in the United States, the country’s largest software exporter Tata Consultancy Services [Get Quote] on Tuesday said that about 500 members of its staff have ‘voluntarily resigned’ after an annual performance check.
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MUMBAI: Hindustan Unilever, the country’s best-known consumer packaged goods company, is shedding flab. HUL’s 1,100-member managerial talent pool, long-envied by its rivals, is expected to be cut down over the next few months. The extent of the rationalisation isn’t clear, but estimates provided by company insiders reckon it could be in the region […]

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LONDON: Over 600 British jobs may go to Mumbai and Bangalore as two major British companies, Capita and Experian, have decided to cut their employee strength and move work to the two Indian cities.
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Tata Consultancy Services (TCS), India’s largest software exporter, is effecting a small across-the-board cut in employee salaries based on the company’s performance in the third quarter, a move reflecting caution amid tough times for the outsourcing industry. A top company official confirmed the move while stock market analysts said TCS is sending signals that revenue […]

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