Heard from some old Pramerica/TCS colleagues/friends that people on the bench more than 3 months are now being asked to take ‘voluntary’ redundancy. I’m guessing the package offered is not great beyond statutory. I also heard the ‘asked’ was more like pressured.
Feel really bad for my old Pramerica colleagues who stayed behind after being TUPE’d to TCS. All their old work (and mine) was transitioned haphazardly to India and then you had to internally apply for new roles often with requirements completely at odds with their work experience.
Luckily for me, I saw what was coming and started looking for work just after the deal was announced and was in my new job about two weeks after the first TCS payslip.