TCS Says No Large Scale Exits, Pegs Involuntary Attrition at 1%

Tata Consultancy Services (TCS) on Tuesday said it has "not initiated, and is not planning to initiate, any large scale exits of any section of its staff in any part of the organisation". India's biggest outsourcer has been in the news for the past several days for allegedly laying off a large number of employees. TCS has maintained that only "non-performers" have been asked to leave and the lay-offs at TCS are no more in number...