How far is this justified that if rupee rises against the dollar then you have to compensate this by your job? Sounds stupid right, but it’s being happening all over.
India’s leading software services firm Tata Consultancy Services Ltd (TCS) said on Tuesday that about 500 of its employees were asked to look for another job after their performance was rated poorly.
The export-driven software services companies have been winning large outsourcing contracts from western clients, but recession fears in the US and a rising rupee against the dollar has considerably affected their profit margins in the recent past.
“Those who cannot meet the performance requirements of our company were asked to look for another job commensurate with their abilities,” TCS spokesman Pradipta Bagchi said here.
