Layoffs possible, says TCS

Kolkata: As part of cost cutting-measures to tackle the global economic downturn, IT major TCS today said job-cuts are possible if the situation worsens, but said there are no immediate plans for lay-offs.

The company has, however, ruled out salary hikes next year and frozen “lateral intake” besides increasing weekly working hours for employees.

TCS managing director S Ramadorai said “there would be no hike in salaries in the forthcoming year” and added that “job cuts are possible if the situation worsens”.