TCS Pay Cut
+8
kbharadwaj81
Skumar
rakeshkamble
ashwini
dileep
enidhi
sidhartha
Admin
12 posters
TCS Pay Cut
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?
Tough time ahead for IT guys? What are your views?
Re: TCS Pay Cut
if Tcs cuts pays...wht about the other IT companies
sidhartha- MTIFF Moderator
- Number of posts : 21
Registration date : 2008-01-30
Re: TCS Pay Cut
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....
Re: TCS Pay Cut
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 ! How TCS people around the globe feel on this? any Idea ?
dileep- MoneyTalker
- Number of posts : 16
Registration date : 2008-01-29
Re: TCS Pay Cut
Any other company also cutting pay?
ashwini- MoneyTalker
- Number of posts : 26
Age : 41
Location : Udupi
Registration date : 2008-02-02
Re: TCS Pay Cut
IBM cuts 1000 jobs...no pay cut only people cut....
sidhartha- MTIFF Moderator
- Number of posts : 21
Registration date : 2008-01-30
Re: TCS Pay Cut
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
rakeshkamble- MTIFF Moderator
- Number of posts : 41
Age : 40
Location : Bangalore
Registration date : 2008-01-29
Re: TCS Pay Cut
TCS has asked 400 employees to resign.
source NDTV PROFIT
this is scary.......
source NDTV PROFIT
this is scary.......
sidhartha- MTIFF Moderator
- Number of posts : 21
Registration date : 2008-01-30
Re: TCS Pay Cut
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...
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...
Re: TCS Pay Cut
So no more 'certaintity" at TCS....as they claim...
Skumar- MoneyTalker
- Number of posts : 19
Registration date : 2008-01-29
Re: TCS Pay Cut
I guess all these issues are coming because of , how about companies who has clients in UK or Australia?
dileep- MoneyTalker
- Number of posts : 16
Registration date : 2008-01-29
Re: TCS Pay Cut
Companies should start billing tehe clients in terms of ' Grams of GOLD / man hours ' instead of dollars.
Gold and $ rates are going crazy
Gold and $ rates are going crazy
kbharadwaj81- MoneyTalker
- Number of posts : 13
Registration date : 2008-03-16
Re: TCS Pay Cut
thanks for this
debt management north west
debt management north west
bentley1988- MoneyTalker
- Number of posts : 21
Registration date : 2010-05-06
Re: TCS Pay Cut
hi everyone..
Thank you for sharing information..
regards,
phe9oxis,
http://www.guidebuddha.com
Thank you for sharing information..
regards,
phe9oxis,
http://www.guidebuddha.com
srujanaa4- MoneyTalker
- Number of posts : 60
Registration date : 2010-08-04
Re: TCS Pay Cut
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
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
sru123- MoneyTalker
- Number of posts : 54
Registration date : 2010-08-07
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streamlet- MoneyTalker
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