"No, certainly no," Rajesh Gopinathan, CEO and MD of TCS, told IANS here on Thursday when asked if there were any plans of laying-off employees or downsize as some other big players in India's IT sector have said they would do.
"We are here to create jobs, not to downsize," he asserted after TCS launched a BPO centre here to create new opportunities as part of the government's Digital India push.
At a time when it has been reported that Indian software companies like Wipro, Infosys and Cognizant have decided to downsize, Gopinathan's revealation that TCS is not going to follow suit is seen as a welcome development.
Later, TCS spokesperson Pradipta Bagchi said the IT sector has a bright future in the country with the Digital India initiative on the right track. "We are looking forward to expand and spread our business and connect with more and more people."
TCS operates in 45 countries and has over 387,000 of the world's best trained consultants. The company generated consolidated revenue of $17.6 billion in the fiscal ended March 31, 2017.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.