TCS planning to lay-off 1300 employees

TCS Likely To Lay Off 1,300 Staffers

India’s biggest software exporter by sales, Tata Consultancy Services (TCS), will lay off less than a percent of its global workforce over the next few months, as these employees failed to meet performance standards, a company spokesperson said.

This roughly works out to 1,300. The company has a total employee count of around 1.3 lakh.

IT companies are adopting stringent appraisal, cost-trimming and productivity boosting measures as they grapple with the global economic slow down.

TCS employees said on condition of anonymity that lay-offs have started at the company’s development centres in Chennai, where over 200 employees have been asked to leave in the last fortnight.

Source: The Economic Times

Is it right time to do MS in U.S?

Hi all readers,

Thanks for coming to my blog. I have applied for MS in comp science for fall 2009. I have got admission from University of Texas @ dallas and waiting for response from other colleges.
My profile is : I have currently 3.5 yrs of work exp in software industry with a secure job.
With the recession happening everywhere and worse hit US, I am confused that whether i should pursue higher studies or not. Got to US leaving my safe job and take a risk…
I would welcome any kind of viewpoint which could help me in making decision.

Thanks
rastogha