TCS may cut jobs if situation worsens

Tata Consultancy Services (TCS) may lay off employees to cut cost if the economic slowdown persist, but said there are no immediate plans for lay-offs

he IT exporter has ruled out salary hikes next year and frozen ``lateral intake`` and has increased weekly working hours for employees.

The company is also looking at cost reduction, including capital expenditure and infrastructure.

The 24,500 campus offers, where the students are expected to join in July 2010, will also be delayed.