Dear Shri Krithivasan ji,
( CEO , TCS )
Warm greetings.
I write in response to the unfortunate news regarding the layoff of 12,000 employees at TCS.
While I understand the strategic shifts needed in an AI-driven world, I believe we can do better—for people, and for the future of the industry.
I am sharing a two-pronged framework:
1. Cap annual wage hikes at 75% of CPI – to avoid salary spirals and retain more talent
2.
3. Create a TCS-backed Co-operative Capacity Centre (CCC) for the laid-off middle/senior professionals
4.
The CCC can:
· Be set up using TCS’s CSR provisions (for infra)
·
· Offer part-time project-based work to laid-off staff
·
· Operate at 50% cost to TCS while preserving IP, quality, and relationships
·
For an outline of this concept , please look up > https://myblogepage.blogspot.
TCS, as a leader, can show that cost reduction doesn’t need to come at the cost of compassion.
With warm regards,
Hemen Parekh
Conceptual Framework of “ Co-operative Capacity Centre “ :
Under the just released “ Co-Operative Policy “ by Shri Amitbhai Shah , TCS to form a :
Co-Operative Capacity Centre ( CCC ) , whose membership would be restricted to those 12,000 Middle and Senior Level Managers , just being laid off . Membership will be voluntary but will get terminated should a member take up any other FULL TIME employment elsewhere. She may take up any other part-time GIG WORK while continuing as a Member of the CCC
Ø TCS to outsource work to this Centre , at 50 % of the cost which TCS would have incurred if this work was carried out internally
Ø CCC will distribute this work among its members and pay them 25 % of their last drawn salaries in TCS ( on the basis of last-drawn hourly rate , for the number of hours put in for completion of the assigned project ).
Ø Using the funds available under its CSR obligation, TCS to provide to CCC ( free of cost ) , building and other establishment infrastructure ( Capital Cost )
Ø Under the newly released Co-operative Policy , if any subsidy / funding etc., is available from the Central Government , CCC will claim the same. Towards this , I urge Shri Amit bhai Shah to release appropriate notification , in respect of CCCs being a “ Category of Cooperatives “
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