Tata Consultancy Services Ltd has assured all the staffs that there will be no retrenchment and the company is not planning any lay off.
Rajesh Gopinathan, CEO and MD, TCS, has clarified that there would no salary hikes for now and the company would honour all new job offers made this year.
Milind Lakkad, EVP and Global Head of Human Resources at TCS ellaborated that there were 40,000 campus offers made this year and all of them will be onboarded.
"Most academic institutes will close their term only by mid-June and July and we will start on-boarding trainees from that point till the end of the year. But we will honour all the offers despite whatever situation we are in", Lakkad said.
The company witnessed a healthy profit jump for the March quarter, but hinted at very difficult time in the first two quarters of the current fiscal due to coronavirus pandamic and lockdown , including a revenue contraction.
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