Cost-cutting: TCS to focus on offshoring

Mumbai, Apr 27: India's largest outsourcing firm Tata Consultancy Services (TCS) as part of its cost-cutting measures announced its decision to relocate staff abroad into India.

"The company follows an onsite-offshore model. We will focus to do more work in India because it helps in saving cost and efficiency," TCS Chief Operating Officer N Chandrasekaran said. However TCS sources added that its onshore operations will continue and relocation did not mean that it is winding up its operations abroad.

Chandrashekar added that TCS would be hiring 250 freshers in the US and a few in China. He also made it clear that TCS would not lay off people as a result of relocation. "There would be no lay offs," he said.

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