TCS job cut, TCS asks 500 Employees to Leave

India's leading software services company, TCS, have announced that around 500 employees have been asked to resign due to their poor performance.

The company review staff performance twice a year where staff are rated on a scale of 1 to 5. Staff with low scores are either asked to re-train or sent for counselling depending on their role. Staff who are unable to meet the performance requirements are asked to find work elsewhere.

It has been speculated that IT companies have started actually tough regarding employee productivity as a result of the rupee rising against the dollar.

In the last quarter of 2007 TCS employeed 4,037 new employees taking the total number up to 108,229. A year previous to this the total headcount was 83,500.