1. TCS to shut down its Lucknow office, may affect 2,000 professionals

TCS to shut down its Lucknow office, may affect 2,000 professionals

India’s largest software outsourcer, Tata Consultancy Services (TCS) is preparing to bid farewell to Lucknow. The staff members of the IT major claimed on Wednesday that they were informed by their team leaders that the company is wrapping up the work at the centre.

By: | Updated: July 13, 2017 4:16 PM
Through this move of the company, at least 2,000 employees will be affected, where women employees contribute to the 50% of the workforce.

India’s largest software outsourcer, Tata Consultancy Services (TCS) is preparing to bid farewell to Lucknow. The staff members of the IT major claimed on Wednesday that they were informed by their team leaders and senior officials that the company is wrapping up the work at the centre.

Through this move of the company, at least 2,000 employees will be affected, where women employees contribute to the 50% of the workforce, ANI reported. According to media reports, by the end of the year, the company will shift most of its projects to Noida.

According to the News 18 report, few of the employees have allegedly written a letter to UP CM Yogi Adityanath and raised questions about how a company earning Rs 25,000 crore in profits could be short of funds. The employees have asked for an inquiry into the matter and stated that the company was not going to invest a rupee in Varanasi, but were looking to outsource it.

In addition, they have written letters to Prime Minister Narendra Modi, Union Information and Technology Minister Ravi Shankar Prasad and Uttar Pradesh Deputy Chief Minister Dinesh Sharma as well. TCS office in Lucknow has been in function for the past 33 years. Tata Consultancy Services had also launched its development centre at TCS Awadh Park in Lucknow, Uttar Pradesh in 2009.

TCS is about to announce the first quarter earnings later today for the financial year 2017-2018. On BSE Sensex the shares of TCS are trading higher, up 0.3% at Rs 2,446.45. In May 2017, TCS started cutting the number of H-1B visas it applies for. N Chandrasekaran, the company’s then-CEO had said at an event earlier this year that in 2016, TCS applied for only 4,000 new US visas, as against 14,000 in 2015.

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