TCS liberates 500 wage slaves.

Tata Consultancy Services (TCS) - One of the world’s leading information technology companies which boasts of processes like the Global Network Delivery Model™, Innovation Network, and Solution Accelerator in a bold and radical move liberated more than 500 wage slaves from its offices.

"You are all free, free to go!" said TCS CEO S Ramadorai to the 500 employees freed from the corporation's cubicles. "No more you have to live a bleak, joyless existence, chained to your cubicles in a never-ending Monday-to-Friday, 9-to-5 routine. Your future is now wide-open. Now, go!"

Ramdorai explained that though the company has performed according to market expectations with a five per cent quarter-on-quarter growth in revenue and 6.7 per cent rise in net profit for October-December, its margins and revenues have been severely affected by rising rupee vis-a-vis the U.S. dollar necessitating the need to free 500 of its wage slaves.

Public response to the liberation has been quite positive, particularly among the company's shareholders. The price of TCS stock has jumped up by nearly 20% percent from its recent 52 week low of Rs.725 despite the recent meltdown in stock markets.

The 500 freed workers who were handed pink slips with images of freed pigeons printed on them, cleared out their desks and were escorted from the building within an hour. In spite of Ramdorai's jubilance, the freed wage slaves were strangely quiet and grim as they walked out of the TCS headquarters in Pune, carrying their possessions in cardboard boxes.

Ajoyendra Mukherjee, Executive Director and Head of TCS's Global Human Resources added, "They were hard-working, extremely intelligent and competent wage-slaves. But I know in my heart that keeping them here was a crime against human resources. The world is changing, especially the economy, and no decent businessman could look at margin pressures, do a cost-benefit analysis and not see that letting them go was the best thing to do."

Upon hearing the news of their freedom, most of the freshly liberated wage slaves expressed consternation over their uncertain futures.

"I don't know what I'm even supposed to do now," said Sushant Malekar. "I was born into a family of wage slaves. I've never known anything but wage slavery. How will I survive in the wild and dangerous world outside the boundaries of my office? What will I do with myself? How will I pay my bills?

"But on the other hand, I'll never have to face annual appraisal cycles and worry about getting good grades. No more undergoing performance improvement plans or additional training and assignments" Sushant added.

Ananth Krishnan, Vice President and CTO explained "In a truly modern economy, aligning with the market dynamism is a must. The very essence of human capital management is to create an environment which is conducive to free movement of workforce. Under such an environment, letting people go is the only right thing to do. Certainly, TCS could have kept those poor wretches slaving away for the company, as some have been doing for decades . But, we must ask, at what cost?"

"Actually, Rs.7,47,234 average annual overhead per employee inclusive of salary, perks and benefits, paid insurance and vacations and stock options"