Here is the real story... TCS Q3 results show a revenue growth of 5% but profit growth is stagnant at 1200 crores....so what do they do... they cut employee salary to raise 90 crore which gives them a growth of 7% so market is happy.... senior management hold a lot of shares so they too are happy.... only the poor employee suffers.. now next is retrenchment which is going on in full swing.. latest figures 2000 asked to leave in the past 3-4 months.. they are spoiling the whole TATA brand.... Time for Ratan Tata to step in...
RE:Few Facts about TCS
by Ram on Feb 01, 2008 02:55 AM Permalink
Well said. This is a failure of top Management of TCS.They did not handle the situation of salary cut.No Clear message when they declared Results.Failure of management.Took advantage of no unions.
