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TCS gets Satyams projects – World Bank and Cigna Insurance

Satyam is collapsing like card castle swept by wind, but other Indian companies are gaining by the fall of India’s No 4 tech vendor. World Bank has given the contract to TATA Consulatancy Services the work which was earlier  handled by Satyam Computers.

TCS also might get Satyam’s one more major client Cigna insurance, after Cigna terminated all Satyam contractors from its premises today. TCS  got a portion os Satyam’s work sometime back and it is expected, that Signa will give the full work to TCS now. 

There are other financial clients of Satyam which TCS and Infosys might bid to get the accounts.

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TCS sues employees quitting on deputation

Many employees who have quit TATA Consultancy Services over the past few years have received legal notices to both their Indian and US/UK addresses. The notice demands them to pay up the amount specified in their legal bond or face legal prosecution.

Many who quit TCS are in jitters in US. There are many forums cropping up about the complaints of many ex-TCS employees, and TCS lagal notice.

Many employees who come to US on deputation with TCS and other Indian IT firms either on H1B or L1B quit without following the legal agreements they signed with their respective companies. The companies were losing lots of revenue and experience due to these employees.

Now during tough times in US job market, TCS wants to show that its not a good idea to quit companies just as you wish.Atleast legal notices will serve as warning to employees who are planning to quit or jump to other companies while on deputation.

But the employees who quit TCS breaking legal bonds should be in position to pay bond breakage terms, after all they quit for better pay.

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TCS might fire employees in bench for more than 2-3 months

TCS,Mumbai.

Desperation seems to be getting better of TCS Management. Faced with falling stocks, deserting clients and loss of business in US Financial market, TCS is gearing up for some tough measures in the next few months. TCS has already stopped its promotions for this cycle.

Next target for the management seems to be unallocated employees.

Due to loss of projects many of its employees are sitting idle “unallocated” which is popularly known as getting benched. These employees get salary from the company’s profits and they attribute to zerobilling income. Now there are many employees in bench for more than 2-3 months, these will be the initial target for getting the pink slip.

Many reasons can attribute to being in bench. If the reasons are either incompetence, or employees choice of projects, they sure can expect to go home permanently. Many employees have used these tactics over the years to make MATC (which handles allocations) hand them either onsite oppurtunities or their preferred projects. This trick might not work in the current situation.

Many senior resources with more than 6-7 years of experience are more at risk(if unallocated for long time), as most of them want better roles and usually demand more.The pay packages for them are also higher.

Now the company is in process of preparing a list of associates are benched for a long time and trying to come up with a strategy. You might hear some news very soon from TCS House in Mumbai.

TCS – TATA Consultancy Services