Mumbai, Feb 7: Software major, Tata Consultancy Services today vehemently denied that it has resorted to layoffs and said removal of underperforming employees was a natural and continuous process undertaken by the Company.
TCS Managing Director and CEO S Ramadorai told newspersons here on the sidelines of the launch of ''India Naturally'', a book on wildlife sanctuaries in India, that around 500 employees had been asked to look for alternative jobs over the last ten months after continuous monitoring of their performance.
''There are no layoffs'' as is being projected in the media, he said, adding that such exercise takes place once in two years after underperforming employees are given sufficient time to improve. Two years ago, around 300 employees had been asked to switch jobs.
When asked about the budget expectations of the IT industry, Mr Ramadorai said that the IT sector was keen that the Government continues the STPI scheme of tax rebates and also have a fresh look on dividend tax.
He said that the Company always maintained stance of cautious optimism on the current economic uncertainties in the United States and few European countries.
Earlier, Mr Ramadorai released the book, "India Naturally", a joint project of TCS and Sanctuary Asia. The book is a compendium of sanctuaries in India, authored by noted conservationists Bittu Sehgal and Dr Anish Andheria. Conceptualised by TCS, the book is a visual delight that captures the richness and diversity of India's forests and wildlife. It profiles various aspects of sanctuaries in the country and acts as a reference for wildlife enthusiasts.
Mr Ramadorai said that protecting and caring of the environment was a common thread that connects over one lakh TCSers across the globe.
''If we want future generations to remember us, then together with advances in science and technology, we must guarantee them clean air, clean water, fertile soil and well preserved environment,'' he added.