Friends,
This year the campus placements will be conducted for the final year of engineering graduates during the month of September(for the colleges not in Grade A). It looks like Anna university results delay may also be a background reason. But the actual fact behind the scene is Recession!
Yes , recession started in India.
This will be a bizarre for many of you, but still it is the fact. Here is a proof to you people.
This year the campus placements will be conducted for the final year of engineering graduates during the month of September(for the colleges not in Grade A). It looks like Anna university results delay may also be a background reason. But the actual fact behind the scene is Recession!
Yes , recession started in India.
This will be a bizarre for many of you, but still it is the fact. Here is a proof to you people.
Around 1,300 employees of Tata
Consultancy Services will resign from the company following a routine bi-annual
performance appraisal. The employees being asked to leave will constitute
around one per cent of the total staff, numbering over 1, 30,000, said a
spokesperson for the company.
Their leaving the company is
not part of any cost-cutting exercise designed to cope with the economic
slowdown. TCS bi-annual performance appraisal throws up
under-performers who are given special training; but if they are not up to the
mark in the next appraisal, they are asked to leave.
Last year, the company had
asked 500 employees to leave following such an appraisal. Analysts held that
although the staffs cut was for under-performance, it is possible that in times
of slowdown companies might come up with more stringent standards for
performance.
TCS’ current utilization rate
(the proportion of staff working on projects) is 75 per cent, said the
spokesperson. This does not mean that 25 per cent are benched, for the rest
consist of administrative and other staffs that are not directly on projects.
Source: BUSINESS LINE