This is expected and may continue in future with other indian IT companies as well. As the rupee is increasing and US is slow, most of the indian IT companies are making money in dollar conversion; so it is normal. I think indian IT salary stabalization is starting as indian IT people seen only hikes and it's time for us to see the other part in near future.
RE:This is normal
by Ram on Feb 01, 2008 02:20 AM Permalink
We welcome salary cuts if there is transparency.There is no transparency in this descition.When declaring results TCS Management hidden the truths. They gave dividend/Bonus for Share holders. TCS did not increased the salaries when EVA / Profits rose in previous quarters. They can cut salaries but this time there is fairness and lack of transparency
RE:This is normal
by Scot Peter on Feb 01, 2008 02:25 AM Permalink
Agree to an extent. But actually the decision making and management people are there to run the company and they expect devedends and get more money. Ultimately it comes to running cost where headcount and salary of the each resource comes into picture. You see the person who initiated this salary cut might have got his salary doubled this year.;)
RE:This is normal
by Sameer Bhagwat on Feb 01, 2008 02:36 AM Permalink
It's not Normal it's called Greedy or greediness. Can't they just lower Expectations?
