Business can function profitably over the long run if it can continue making profits. Employees play their part in ensuring that business continue to function. If the economic environment needs businesses to review their practices then so be it. This is just another case. TCS has been around longer than most of the boarders here. I am an ex-TCSer and can vouch for the competency of the management. They might not have the brand value of an Infosys, but they are better entrenched than any of the Indian IT companies. The choice for employees is to understand that their variable pay is linked to company performance. TCS might have met targets, but have they exceeded them? The EVA model requires 'addition to value' over stated targets. This would not have neen met and hence the necessary pay cuts. I think, it is better than firing people. If employees, feel that they can earn better elsewhere, then they should try it out. No point crying. Same holds true for the IT industry. Life will go on.
