This is an avoidable decision. The company's revenues haven't gone down. In fact it has posted better results than last year. Now this will pass on like an endemic and it is the employees who are going to bear the brunt.
I dont know why people are saying it as a welcome move. This is a bad sign for us. So, this is a red signal for all other IT companies/employees. I think other technology people are so jealous about this sector and thats why they are telling like this. God saves india and indians
RE:Salary cut
by ninu kj on Jan 31, 2008 05:10 PM Permalink
u f88l, no- it like telecom , bank and finac are paying better than it , update your brain ..
tcs affording such useless heavyweights for so long time, its time to give something back for survival of organisation which payed you lot of incent. and bonus at gootimes, which was not emplyees right. if people think that profits were due to their effertsthen they should also consider loss due to their efferts too!
TCS is known to offer the lowest salary in IT industry... now after salary cuts, new employees and present employees will have a though times ahead.. but for those on long term it won't be a big problem..
Can't say the same for other sectors but it's quite necessary in IT industry as they are the ones paying heavily and creating financial imbalance among various sectors in the same economy....
RE:TCS salary cut
by Vivek vyas on Jan 31, 2008 05:12 PM Permalink
please elaborate when you are saying IT ppl are creating imbalance..they are the main force for having domestic demand in india without which indian economy would have sinked with US recession.
RE:tcs SALARY CUT
by Jairaj on Jan 31, 2008 05:29 PM Permalink
It is because of IT sector only lot of companies are willing to take up Infrastructure projects on a BOT basis. Infact due to the IT boom if somebody is suffering, then it is only the IT guys...If you have any doubts ask the govt babus, auto driver, real estate developer, retailers, housemides, house owners etc of Bangalore...
tcs affording such useless heavyweights for so long time, its time to give something back for survival of organisation which payed you lot of incent. and bonus at gootimes, which was not emplyees right. if people think that profits were due to their effertsthen they should also consider loss due to their efferts too!
this was really coming. this is an interesting development because it will be a precursor to almost unheard of trend in IT industry. can expect this to trigger a higher percentage of employee churn in the IT industry. TCS of whom many would think of as a conservative company has thrown up a surprise by being the first to manifest that things are no longer as rosy in IT industry as it seemed once.
