Software services firm Tata Consultancy Services (TCS) has denied rumours of planned, large-scale layoffs, saying "involuntary attrition" of 2,574 employees does not tantamount to a plan, but said the number will go up to 3,000 in the coming months.
The company employs about three lakh people.
"There have been discussions on various social media forums about alleged large scale layoffs at TCS...we would like to place on record that TCS has not initiated, and is not planning to initiate any large scale exits of any section of its staff in any part of the organisation," reports PTI, quoting a company statement.
"The involuntary attrition for the nine months (April-December) of this year has been 2,574 employees, which represents 0.8% of the total employee strength," said TCS.
"The corresponding numbers for FY'14 and FY'13 were 2,203 and 2,132 respectively. The total involuntary attrition for the current fiscal year (ending March 31, 2015) will be around 1 per cent," it added.
In December last year, a report suggested that TCS is planning staff restructuring and around 25,000 senior employees are at the verge of losing their jobs at the company.
This created a stir among IT company employees across India who threatened to stage protests against TCS' move, while those who have been asked to quit the company are reportedly planning legal action against the company.
