TCS Pay Cut

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TCS Pay Cut

Post by Admin on Wed Jan 30 2008, 14:50

It has been learnt from highly reliable sources that TCS has implemented a 20% cut in variable pay. Industry wide this appraisal season unlikely to be as good as previous years.

Tough time ahead for IT guys? What are your views?
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Re: TCS Pay Cut

Post by sidhartha on Wed Jan 30 2008, 21:20

if Tcs cuts pays...wht about the other IT companies

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Re: TCS Pay Cut

Post by enidhi on Wed Jan 30 2008, 23:38

Other companies also have the variable component in their pay structure which can be brought down if company doesn't make profit. So there may not be a formal announcement of pay cut but indirectly same may happen....
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Re: TCS Pay Cut

Post by dileep on Fri Feb 01 2008, 11:06

He all, We had time where companies use to pay goddies or dollars as a gift to employee.. I guess TCS is starting a new revolution ! Very Happy How TCS people around the globe feel on this? any Idea ? scratch

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Re: TCS Pay Cut

Post by Admin on Sat Feb 02 2008, 18:04

It feels bad for sure...
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Re: TCS Pay Cut

Post by ashwini on Sat Feb 02 2008, 18:31

Any other company also cutting pay?
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Re: TCS Pay Cut

Post by sidhartha on Sun Feb 03 2008, 14:17

IBM cuts 1000 jobs...no pay cut only people cut....

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Re: TCS Pay Cut

Post by enidhi on Sun Feb 03 2008, 16:19

sidhartha wrote:IBM cuts 1000 jobs...no pay cut only people cut....
lol!
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Re: TCS Pay Cut

Post by rakeshkamble on Mon Feb 04 2008, 16:49

TCS cuts its variable pay.. Satyam has been doing this from long time.. Satyam has been giving less than 100% couple of times before this fuzz on decrease in $ rate... U see there is no media hype.. TCS is like a gov company.. so this is a major issue.. It is quite quite normal to get a variable pay lesser than 100% in Satyam Crying or Very sad
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Re: TCS Pay Cut

Post by enidhi on Mon Feb 04 2008, 23:35

Sad
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Re: TCS Pay Cut

Post by sidhartha on Tue Feb 05 2008, 16:53

TCS has asked 400 employees to resign.
source NDTV PROFIT
this is scary.......

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Re: TCS Pay Cut

Post by enidhi on Tue Feb 05 2008, 19:46

Infact 500

TCS fires 500
http://www.ibnlive.com/news/500-tcs-employees-asked-to-leave/58174-7.html

IBM India fires 700

http://www.wral.com/business/local_tech_wire/news/story/2387954/

But mainly freshers...
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Re: TCS Pay Cut

Post by Skumar on Thu Feb 07 2008, 10:46

So no more 'certaintity" at TCS....as they claim...

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Re: TCS Pay Cut

Post by dileep on Thu Feb 07 2008, 11:22

I guess all these issues are coming because of Dollar , how about companies who has clients in UK or Australia?

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Re: TCS Pay Cut

Post by kbharadwaj81 on Sun Mar 16 2008, 17:39

Companies should start billing tehe clients in terms of ' Grams of GOLD / man hours ' instead of dollars. Very Happy Very Happy

Gold and $ rates are going crazy Mad

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Re: TCS Pay Cut

Post by enidhi on Mon Mar 17 2008, 17:52

Good idea alien
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Re: TCS Pay Cut

Post by bentley1988 on Fri May 07 2010, 09:36

definately

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Re: TCS Pay Cut

Post by bentley1988 on Fri May 07 2010, 09:37

thanks for this

debt management north west

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Re: TCS Pay Cut

Post by srujanaa4 on Wed Aug 04 2010, 17:12

hi everyone..
Thank you for sharing information..

regards,
phe9oxis,
http://www.guidebuddha.com

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Re: TCS Pay Cut

Post by sru123 on Sat Aug 07 2010, 17:14

hi

TCS fires 500
http://www.ibnlive.com/news/500-tcs-employees-asked-to-leave/58174-7.html

IBM India fires 700

http://www.wral.com/business/local_tech_wire/news/story/2387954/

regards,
phe9oxis,
http://www.guidebuddha.com

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Re: TCS Pay Cut

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