News TCS is releasing, laying off, not onboarding new joinees. does anyone realise why they are targetting workforce in india, not #Onsite
As much as I heard, Onsite people were already targetted last year. Indians who were sent there, were put to scrutiny & if not required, they were asked to go back to offshore.
The local hires anyway could be fired in 15 days. So that was also done.
The money saved with that amount was used for December promotions.
Now the layoff is used as the last resort. The money they will save, will be utilised to give hike to the remaining employees.
But still as Indian Tcs employee we always have onw or the other thing to worry. We have QVA cut every quarter. At least earning wise who all staying onsite not facing this kind of anxiety 😔
Yes I was part of that back to India from USA after 19 moths even my h1 was valid and to within 2 weeks of notice
Onsite associates are billable and the main thing is the salaries are almost same for juniors and seniors so no margin hits. Billing rates are same for anyone either onshore or offshore but salaries are more for seniors at offshore. So the safe bet for seniors is onsite
You are wrong ... Billing rates are 2.5 times higher in onshore than offshore.
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