TCS: 500 staff resigned

• Tata Consultancy Services Ltd, India's largest software services exporter, said about 500 of its staff had resigned after their performance was rated poorly.
  "Those who cannot meet the performance requirements of our company are asked to look for another job commensurate with their abilities," said a spokesman for Mumbai-headquartered Tata Consultancy . "This (financial) year so far about 500 people have resigned voluntarily."
  "It's not an exceptional thing, it happens every year and it's a part of our annual performance exercise. "
  Last year also similar number of people left the company.
  India's export-driven software services companies have been winning large outsourcing contracts from western clients, but recession fears in the United States, a strong rupee, soaring wages and a skills shortage are major worries.