TCS To Close Lucknow Office, No Layoffs


Tata Consultancy Services (TCS) is going to shut its Lucknow office which has around 1,000 employees as it feels that it is not convenient for client work, reported a national business channel.

TCS has said that the employees working at the Lucknow will be relocated to Noida and Varanasi office and there will be no layoffs.

TCS will announce its Q1 FY18 results later in the day. Meanwhile, the company was trading at Rs 2,443.65, up by Rs 4.55 or 0.19 as at 1122 hours on Thursday, on the BSE.

The stock has attracted traded volume of 6,67,751 shares and traded value of Rs 16,405.04 lakh on the NSE. TCS has hit its 52-week high of Rs 2,744.80 on 12 August 2016 and 52-week low of Rs 2,051.90 on 15 November 2016.

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