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TCS Q4 Results: 70% Divident for Shareholders -10% salary for employees

TCS depicts a typical company where no unions are present. While TCS is projecting that it is still comfortable  in terms of profits the company has shrewdly cut down the Variable Allowance components of employees.  TCS plays two different tunes to media and its internal circulation. While announcing a 70% divident for its shareholders (The big executives of TCS management have huge stockpile of the shares) , it has said in its internal memo the times are tough hence no VA.

This is whats called as double standard. Look at the measures TCS has undertaken in last few months before announcing quarter results.

 

* Canteen food prices increased by 40-60% and many cases the quality and quantity also has reduced.

* Doubled  office transportation prices (Office Bus)   Chennai employees pay at an average of Rs 2500 per month and the buses are not AC or even Deluxe. Reduced frequency. 

* No Night shuttle for workers in Night shifts.

* Switch off AC after 9 PM but 20% employees work after 9 PM shift with not even a fan.

Tags: Q4 2008-2009, TATA Consultancy Services, TCS, VA cut in TCS

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7 Comments to TCS Q4 Results: 70% Divident for Shareholders -10% salary for employees

  1. Rahul SIngh's Gravatar Rahul SIngh
    April 22, 2009 at 11:48 am | Permalink

    What else can u expect from TCS. It is quite clear from th TCS’ vision and mission which now seems to be only MONEY. and just to make some additions in the above information.

    * The office transportations is not doubled but is made 4 times.

    * The AC goes off at 6:30PM and not 9PM. and its not that they dont provide fans its just that thay only have 6 fans here for 2000 people and those 6 will be given to Admin guys or GLs first.

    * The toilet papers are missing from toilets.

    * No coffee or tea in the pantry

    *stupid restrictions for not to park your vehicle in parking.

    * Weird reasons for not approving the medical insurance claims.

    Also if you guys are in TCS you might be aware that earlier tcs used to give the TQ arrangement or hotel reimbursement when we come at our joining place. But now it seems that will not be given if we get the place of our choice (i.e. the first one we opt at the time of ILP) and for this they are giving the reason – “You choose this city so you might anyway be having the living and travel arrangements already”

    And last but not the least the firing is also going on in TCS, although these firings are not made public but I myself witnessed a few people getting fired from TCS [REAL COMPETENT PEOPLE - who even got selected in Microsoft and Adobe in the past]

    If you wanna continue to be a TCSer the some suggestions from me:
    * Stay low
    * dont expect salaryies or promotions.
    * Do what your STUPID bosses tells you to do.
    {No competent and ambitious person can live like this}

    And finally, Can we ask TCS how is the performance of the companies it had baught in previous years. Was that a wise decision?

    Current score: 0
  2. Yogi's Gravatar Yogi
    April 22, 2009 at 10:43 pm | Permalink

    Its really sad, I had joined TCS as a fresher, now 3 years down the line, am miffed!!!
    Yes i agree, have got some good learning oppurtunities, but I am really saddened by the attitude problems of support staff, rampant and unreasonable cost cutting measures,
    Also the double crossing attitude like pointed out in the article
    “Showing one face to public,but another to the employees”
    Praying for the day CPI(M) starts a union in TCS :)

    Current score: 0
  3. fadingLife's Gravatar fadingLife
    April 24, 2009 at 9:48 am | Permalink

    As a tcser I can say we are all just hanging in the air holding a very thin thread and ready to fall at any time down.. Management and other top persons are very safe at both ends of the wire where there is pole holding this thin thread… Our hardwork has no recognition..nothing.. though HR sends mails appreciate the team through gems, no one ever really implement in reality to encourage the people.. They are now sending improving the performance bar etc.. if they feel performance is a major concern then why did they select such a low performing guys during job selection itself..is it the mistake of the company or the employee… Really I feel there should be some union forming in the company to protect the employees otherwise the company treats employees as slaves… our future is very uncertain now…though tcs brands itself as experince certainity.. this is reallly the greatest hypocrisy.

    Current score: 2
  4. Sriram's Gravatar Sriram
    May 6, 2009 at 7:14 pm | Permalink

    I have quit TCS recently…….. has the VA been cut off in TCS? by how much? i remember getting 5400+600 as VA… i was a ASE there….

    Current score: 1
  5. Syed's Gravatar Syed
    June 16, 2009 at 8:58 pm | Permalink

    Hi,

    I am a ex-TCSer, after reading these forums i feel happy for leaving that company.

    Current score: 2
  6. ExTCSer's Gravatar ExTCSer
    December 25, 2009 at 12:54 am | Permalink

    I am so happy to have left that bull shit company 3 months back. Even now in my new company im working a lot but at least its better then tcs.
    Admin you are doing good job by revealing all this. If i knew this in college i would have taken another company.

    Current score: 0
  7. ExTCSer's Gravatar ExTCSer
    December 25, 2009 at 1:25 am | Permalink

    Did you hear about ppl using fans inside TCS? 1 fan per team that too after lot of waiting.

    Current score: 0

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