02 Feb 2008

Tcs Cuts Salary Ibm Fires Freshers

TCS has announced plans to cut the salary of its employees by 1.5%. The cut is to be taken from the variable part of the salary, which is 30% of the total package.

Understandably, the employees are not happy, and are venting their anger online.

However, the TCS employees can count themselves lucky as IBM India has gone ahead and fired 700 freshers. Could this be a sign of the times to come ?