Thiruvananthapuram

30°C

Haze, Drizzle

Enter word or phrase

Look for articles in

Last Updated Sunday July 23 2017 12:08 PM IST

TCS bucks the trend, rules out downsizing

Text Size
Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

TCS An employee of Tata Consultancy Services (TCS) works inside the company headquarters in Mumbai. Reuters/File photo

Patna: Bucking the trend, global software major Tata Consultancy Services (TCS) has ruled out laying-off employees in the near future and instead plans to create more jobs.

"No, certainly no," Rajesh Gopinathan, CEO and MD of TCS, told IANS here Thursday when asked if there were any plans of laying-off employees or downsizing as some other big players in India's IT sector have said they would do.

"We are here to create jobs, not to downsize," he asserted after TCS launched a BPO center here to create new opportunities as part of the government's Digital India push.

At a time when it has been reported that Indian software companies like Wipro, Infosys and Cognizant have decided to downsize, Gopinathan's revelation that TCS is not going to follow suit is seen as a welcome development.

Later, TCS spokesperson Pradipta Bagchi said the IT sector has a bright future in the country with the Digital India initiative on the right track. "We are looking forward to expand and spread our business and connect with more and more people."

TCS operates in 45 countries and has over 3,87,000 of the world's best trained consultants. The company generated consolidated revenue of $17.6 billion in the fiscal ended March 31, 2017.

Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

The opinions expressed here do not reflect those of Malayala Manorama. Legal action under the IT Act will be taken against those making derogatory and obscene statements.

Email ID:

User Name:

User Name:

News Letter News Alert
News Letter News Alert