TCS Layoffs
What is TCS' new policy that's making thousands of techies at India's biggest IT firm anxious about layoffs?
TCS Bench Policy Employee Concerns: TCS' new 35-day bench policy has created widespread concern among employees, with many using online forums to highlight challenges in finding suitable projects. While some believe it is a necessary step to improve workforce efficiency, others see it as a harsh move during uncertain times. The issue has drawn the attention of employee groups and could influence broader trends in the Indian IT industry.
TCS employees on the edge as co’s new benching policy completes first cycle
Anxiety is rising at TCS as the clock ticks down on its new 35-day bench policy, introduced on June 12. The rule caps the number of days an employee can spend without an active project in a year. Missing the deadline could mean career stagnation, or worse, termination.
Qcomm’s worker woes; Capillary’s IPO moves
Quick commerce platforms are facing challenges in hiring and retaining delivery drivers amid rising competition. This and more in today’s ETtech Morning Dispatch
Paytm, Mobikwik shares slip; US onsite visas stall
Paytm and Mobikwik stocks slide after MDR rumour sparks selloff. This and more in today’s ETtech Top 5.
Startups eye insurance pie; Good Glamm’s salary delay
Happy Wednesday! Startups are eyeing a piece of the general insurance market. This and more in today’s ETtech Morning Dispatch.
TCS CEO’s pay hike; L Catterton’s India fund
IT major TCS paid Rs 26.5 crore in remuneration to CEO and MD K Krithivasan in FY25. This and more in today’s ETtech Top 5.
No layoffs at TCS: Indian IT giant to give salary hike to employees soon
TCS will not lay off its employees, but will also look to recruit impacted workers, according to Chief Human Resources Officer of TCS Milind Lakkad.
TCS blames ‘Q3 softness’ for tepid revenue growth
"We do it every year. Involuntary attrition at TCS has been about 1 per cent every year in that range and this year, it is no different," Chandrasekaran said.
TCS layoffs: Nasscom takes stock
Though Nasscom cannot initiate a formal enquiry, sources ET NOW spoke to say the software lobby is in touch with TCS over the issue.
TCS says it can weather slowdown without any layoffs
Though Indian IT is predicting strong growth this year, a slump in US & Brexit may upset plans.
TCS not considering layoffs, hiring impacted employees from startups: CHRO Milind Lakkad
TCS chief human resources officer Milind Lakkad said the company, which employs over 6 lakh people, will be announcing hikes similar to earlier years.
TCS AGM: N Chandrasekaran thanks Cyrus Mistry on shareholder nudge, denies layoffs
Chandrasekaran, who climbed to the top at TCS before becoming Tata Sons chairman earlier this year, also denied any impact of protectionist policies.
2,574 employees asked to leave in Apr-Dec 2014, says TCS
While terming these exits as "involuntary attrition", TCS claimed it does not plan to initiate any large scale layoffs of any section of its staff in any part of the organisation.
IT layoff numbers are exaggerated, says top TCS executive Ravi Viswanathan
Defending the industry as a whole, Viswanathan said that early estimates from Nasscom indicate that the IT industry will be net hirers as the year ends.
TCS Finland to lay-off up to 290 employees
TCS, which has a registered office in Helsinki is in negotiations with the employee representatives over the move to cut jobs.
TCS official says rupee volatility is an issue
The volatility of the rupee is a matter of concern though the recent Rupee depreciation vis-a-vis the US dollar would benefit Tata Consultancy Services (TCS), its Chief Financial Officer, S Mahalingam, said.
TCS defers wage hikes; Google layoffs
TCS is deferring annual salary hikes amid global business headwinds. This and more in today’s ETtech Top 5.
Not firing employees in Lucknow: TCS
TCS said that it is working to ensure that employees get opportunities in Noida and other centres across India as part of its UP consolidation.
TCS bullish, but high attrition, weak top line growth a worry
Closer look at the trend in the top line growth, attrition rates, and attrition as a percentage of the total workforce over the past seven years.
TCS asks several employees in UK office to leave
TCS serves customers such as British Airways & BT in UK. The firm has around 4,800 staff working at almost 65 sites in UK and Ireland. Nine trends for IT in 2009
TCS to focus on offshoring, to move staff back to India
As part of cost-cutting measures, outsourcing firm Tata Consultancy Services said that it will relocate staff abroad into India.
Reliance eyes Flipkart veteran; Small towns seek wealth
Flipkart's former chief product and technology officer is set to join Reliance Retail Ventures as CEO. This and more in today’s
Reports of depression among IT professionals exaggerated: Mohandas Pai
Former Chief Financial Officer of Infosys, TV Mohandas Pai said such "exaggerated" reports are based on a few events and there are attempts to blow them up.
TCS Finland to sack 172 employees by August
TCS is planning to sack 172 employees at its Finland offices by August as part of the process to streamline its operations.
TCS 'discrimination' case: US agency probes workers' bias claims
The US Equal Employment Opportunity Commission is investigating Tata Consultancy Services (TCS) over allegations of discrimination against American workers based on race, age, and national origin. Former employees claim TCS targeted older, non-South Asian professionals for layoffs while favoring Indian colleagues on H-1B visas.
American techies accuse TCS of firing them in favour of Indians on H-1B visa
TCS has been accused of favoring H-1B visa holders over Americans, facing discrimination claims based on race and age. Denies allegations, emphasizing equal opportunity.
Ten takeways from TCS'Q3 results
Tata Consultancy Services reported flat revenue growth sequentially in the third quarter, the company’s worst performance in at least four years.
Automation will lead to more on-demand hiring: TCS
This year, the company had already given out job offers to 20,000 on-campus candidates which had been the same as in the previous year. Off-campus hiring had been 4,000, the official said.
The human dimension of India’s IT woes
Many of those laid off were mid- or upper-level techies, with low lateral skills for other industries.
TCS job cuts spur legal threats, unionization calls
TCS has reiterated over the last two weeks that there is nothing out of the ordinary in these job cuts & hiring target of 55,000 for FY15 remains on track.
India likely to bag 40% of jobs lost to layoffs globally; Mojocare funders flag financial finagling
Some good news to chase away the Monday blues. Remember the thousands who lost their jobs globally? According to experts, a big chunk of those roles could move to outsourcing hubs like India in the coming months. This and more in today’s ETtech Morning Dispatch.
Job cuts at Indian outsourcing firms aren't Donald Trump's fault. Read why
Global corporations, the paymasters of Indian software vendors, are no longer so keen to ante up for application development and maintenance.
Re-skilling, not layoffs, will address new challenges: Infosys
"If technology changes and people don't have those capabilities, you've to re-skill them and re-orient them," Infosys's Pravin Rao said.
TCS starts fresher hiring for 2024 batch
TCS announced their annual National Qualifier Test (NQT) for final year students graduating in 2024. This online test is the first step in their recruitment process for engineers and computer science graduates interested in Ninja and Digital roles. The NQT assesses candidates' aptitude and coding skills.
TCS employees get 100% variable pay
The country’s largest software exporter has declared 100% of the target variable pay to all employees on its India payroll for the quarter ended December 2017.
Target, Nvidia and American Express top India’s most desirable workplaces in 2025: Survey
The rankings are based on verified reviews from over 7,000 companies, highlighting key factors like career growth, work-life balance, and trust in management. Target, Nvidia, and American Express ranked among the most desirable workplaces in India for 2025. Blind is an anonymous community app used by around 12 million verified professionals globally.
TCS likely to lay off 1,300 staffers
TCS is likely to lay off less than a percent of its global workforce over the next few months.
TCS starts laying off under-performing employees
Lay-offs have already started happening at TCS' development centres in Chennai, where over 200 employees have been asked to leave.
Rupee volatility is a matter of concern: TCS
Re has exhibited weakness against the dollar over the last few days and closed at a low of 51.97. Where Re comes from, and goes | Forex Converter | Remittances
Its official: TCS sends staffers mail on deferred promotion, cost cutting
Some of the steps include re-training experienced professionals, offshore movement of people located onsite and deferment of promotions. Top Indian outsourcing cos
Kin of TCS employee who died on duty want details of medical care, emergency protocol on campus
Raj was on a conference call Monday evening with US-based technologists when he collapsed. He was taken to The Chettinad Health City in Kelambakkam by a colleague.
How ChatGPT maker OpenAI is fuelling a generative AI war
It has been a week of major turmoil for the technology industry with the sudden collapse of Silicon Valley Bank. But amid all the chaos of the last few days, the hype around generative AI continued.
Techies hired and fired: TCS, Infosys, Wipro add 1,400 jobs, but trade turmoil keeps IT headcount in check
India's top IT firms, including TCS, Infosys, and Wipro, have slowed hiring despite a slight headcount increase in Q4 FY25. This cautious approach reflects global economic uncertainty, tariff-related trade tensions, and the rise of automation. Demand for tech talent has dropped, leading companies to delay hiring decisions and focus on internal talent and AI integration.
TCS CEO Rajesh Gopinathan unexpectedly resigns, K Krithivasan to take over; e-pharmacies look to make a case to health ministry
Under Gopinathan's tenure the IT services major's share rose over 160%. His resignation will be effective on September 15, 2023.
India's TCS sees fall in staff attrition, robust demand for IT services: executive
TCS' rate of staff attrition, the percentage of those retiring or leaving for other reasons, rose to 17.4% in the quarter-ending March 2022 from 15.1% in the whole of 2021, as India's IT services sector experiences a tech talent crunch and high staff turnover.
Tech professionals return to IT companies, captives after start-up dreams lose shine
After losing talent to startups that had offered fat pay cheques to employees of IT service providers such as Tata Consultancy Services (TCS), Infosys, Wipro and HCL, now the trend has been reversed as the startup world is rocked by mass layoffs and a funding winter.
TCS likely to take a call on promotions for current fiscal
Tata Consultancy Services (TCS), which faces uncertainty from auto clients such as Chrysler and General Motors, will undertake a review at the end of the first quarter to decide whether to offer any promotions in the current financial year.
TCS eyes $5 billion from digital vertical; hires over 1500 this fiscal
The hiring includes data scientists and professionals in domains like design visualisation, user experience and the 'Internet of Things'.
TCS eyes $5 billion from digital vertical; hires over 1500 this fiscal
The hiring includes data scientists and professionals in domains like design visualisation, user experience and the 'Internet of Things'.
TCS layoffs: US techies allege Indian IT major of employment discrimination
According to a report in the Wall Street Journal, more than 20 employees have filed complaints against TCS, alleging preferential treatment towards individuals on H-1B visas.
Donald Trump blamed for job losses as India tech workers face cuts
Cognizant, Infosys, Wipro won’t disclose how many jobs they cut, but it appears the industry is going through one of the largest retrenchments in its history.
Infosys surprises its staff with 95% variable pay, highest in past 9 quarters
Infosys in its results said it had managed to keep its attrition rate low in December quarter, thanks to salary hikes and higher variables.
Credit woes: IT cos may cut 25K jobs
The banking, financial services and insurance (BFSI) segment is the largest outsourcing vertical for Indian technology players.
HCL Technologies Finland may sack 140 employees
The employees who face job threats are actually former Nokia staff who were transferred to HCL Technologies in March 2013.
TCS’ Mr Dependable Ravi Viswanathan is new marketing chief
Viswanathan will be based in Chennai, and his earlier role - managing emerging geographies - has been given to HR head Ajoyendra Mukherjee.
IT Q3 earnings off to a weak start; Dealshare’s new CEO
The third-quarter IT earnings for FY24 began on a weak note as TCS posted a low single-digit rise in net profit while Infosys saw its profit fall 7%. This and more in today’s ETtech Top 5.
Major US media outlet outsourcing IT jobs to India: Report
Chicago-based Tribune Publishing Company said it has informed its IT employees last month that it is moving work to India-based IT company Tata Consultancy Services (TCS).
Infosys not in favour of moonlighting, says CEO Salil Parekh
In the last few months, most IT services companies have taken a tough stance on the practice of employees moonlighting, with cross-town rival Wipro letting go off 300 employees for working for competition.
This is the time for a lot of optimism in IT job front: TCS
“TCS is on 26%-28% margin trajectory in several areas”
No downsizing, to hire more: TCS chief Rajesh Gopinathan
"We are here to create jobs, not to downsize," he asserted after TCS launched a BPO centre here to create new opportunities as part of the government's Digital India push.
Big hikes for Cognizant brass
The compensation increases have come at a time when the company said it was laying off as many as 200 senior executives.
Infosys, TCS other IT stocks tank on Cognizant buzz, rupee rise
Domestic IT giants are bracing for tougher rules for H-B1 visas in the US and disruptions due to new technologies
Infosys chief Vishal Sikka calls on FM Arun Jaitley
Over the past few months, Indian IT companies are confronted with closer scrutiny and tighter visa norms in the US, a market that accounts for nearly 60 per cent of India's IT exports.
Hiring of women pips IT headcount growth
The number of female employees increased 6.5% at these IT companies in FY23, outpacing growth in their total headcount, which was 5.9%, according to a survey commissioned by ET and conducted by staffing firm Xpheno.
Indian IT hiring to buck global trend, may pick up in 2023
Seven in 10 IT cos in India may increase their headcount in Q1 2023, says Randstad survey.
Reports of job losses overstated, to hire 20,000 this year: Infosys
"Layoffs are regular, performance-based things that we do every year. The number is really 300-400," Infosys COO UB Pravin Rao said.
Startups slam Google’s ‘cosmetic’ changes to Android; tech firms oppose parts of Delhi’s draft aggregator policy
On Wednesday, Google announced it would make a slew of changes to Android in India to comply with a ruling by the country’s competition watchdog last October, which found the tech giant guilty of abusing its market dominance. Now, a number of Indian startups have accused Google of using “delaying tactics”, saying its changes to Android are merely cosmetic.
IT staff’s pay hike hopes down 40% in December as job market cools
Attrition has tapered from peak levels of 25-30% last year to about 20% in the December quarter and the consequent lag in salary hikes is likely to help companies improve operating margins, which have been under pressure due to the high cost of talent.
Infosys and Wipro roll out Q4 variable pay, flag uncertainty
The quantum of variable pay during Q4 has taken a hit for many companies as they struggle with extended deal closure cycles and a cautious spending environment.
TCS may soon be world's second biggest tech employer
Besides the Indian army, govt departments like the Indian Railways and India Post, and PSU cos like CIL, there's perhaps no other co that has more employees.
Exclusive: Byju’s offers to pay higher interest rate on $1.2B loan; Rajesh Gopinathan’s ops model may have led to unease at TCS
Happy Monday. Byju’s has held discussions to pay higher interest rates to its lenders for the $1.2 billion loan the company picked up in November 2021, per sources in the know. This and more in today’s ETtech Morning Dispatch.
Indian IT will see challenge on margin front: Madhu Babu
TCS is a best performing company, last they did 8.5 per cent in constant currency terms.
Indian techies take to social media to vent their ire
The job cuts are also affecting mid-to-senior employees who are at the centre of the reskilling and restructuring conversations happening across the sector
Tariff overhang: IT companies slash hiring mandates, demand drops by one fifth in Q4 of FY25
India’s software exporters are halting new hiring and adopting a “wait and watch” approach as the industry braces for continued economic uncertainty triggered by the ongoing tariff war. Recruitment firms reported that hiring mandates have been slashed, with talent demand dropping nearly 20% between January and March 2025 compared to the previous quarter.
TCS case may throw spotlight on job termination in IT industry
“Awareness of workers' rights keeps increasing as we come across more judgments of similar nature. As this order involves one of the largest Indian IT companies, it will create an impact on the industry with respect to employment termination cases,” said Vikram Shroff, head, human resource laws (employment and labour) at Nishith Desai Associates.
Do techies get Rs 25 lakh per annum salary after 3-5 years of experience? A debate is raging on Twitter.
Social media buzzed when a trader commented that a Rs 25 lakh salary is unimpressive for tech professionals in India. While some argued this is common for mid-career professionals, especially in startups, others said such high salaries are less common. The debate highlighted differences in pay across companies post-COVID-19.
Satyamites fear of layoffs as Tech Mahindra takes over
As customers seek to lower IT spend, many Satyam employees fear that Tech Mahindra could look at rightsizing the company.
Lay-offs, H-1B visa rules spook techies
The H-1B visa is a non-immigrant visa that allows US- based companies to employ foreign workers, typically for three to six years, in various sectors that require theoretical or technical expertise.
Byju’s bags $250M from existing backers; sharp hiring cuts at top four IT firms
India’s largest edtech firm has been facing turbulent times over the past six months, with questions being raised about the 18-month delay in announcing its audited results. In September, it finally released its audited FY21 results, showing losses to swell to Rs 4,588 crore after changes to its revenue recognition method.
Another crypto company goes bust
One of the world’s largest crypto lenders, Genesis froze withdrawals in November after the spectacular collapse of FTX.
Layoffs in IT companies: Is it time for trade unions to come into play?
Those in support of laid-off workers say the firing policies based on performance reviews are often discriminatory.
Indian IT giants ride US jobs boom, hire more and more techies
US tech hiring surge boosts Indian IT firms like TCS, Infosys, HCL. Job openings in tech positions increase, with cities like New York, Washington, Dallas showing high demand. CompTIA forecasts further growth in the tech workforce.
Futile for IT firms to prevent moonlighting: Rajeev Chandrasekar, Wipro rolls out annual hikes for FY22, TCS wants staff back in office
Ride-hailing company Ola has decided to not lay off the 200 engineers the company was earlier planning to let go, according to sources in the know. We had reported on September 19 about these 200 engineers being fired across its ride-hailing and fintech businesses in a fresh round of layoffs.
IT companies tighten costs, hire less experienced staff
To retain margins, IT cos are increasing proportion of fixed cost projects in revenue, tightening costs and recruiting more freshers, less experienced staff.
Generative AI like ChatGPT will be a co-worker, will not replace jobs: TCS
The introduction of platforms like ChatGPT has led to concerns on whether a trained human is needed at all to deliver the work which a technology company offers to clients.
This year our hiring onsite is going to be higher compared to what we have been doing: Ajoyendra Mukherjee, Head- Global HR
"We are training people internally and we had given more trainees offers the prior years. The trainee offers that we had given last year was about 40000 plus."
In tech meltdown, Indian biggies not hit as hard as global giants
According to analysts, IT services exporters have showed gross profit margin expansion despite slower top line growth in the previous quarter, which is expected to continue. The weakness of the rupee against the dollar and slower attrition rates due to layoffs in global IT majors & Indian startups are the other tailwinds for the sector atthe fundamental level.
Long-term outlook good for IT services sector; Macquarie's Ravi Menon bullish on 5 large and midcap stocks
Ravi Menon from Macquarie expresses optimism for a strong run in the Indian IT sector, highlighting companies like TCS, HCL, Wipro, and LTIMindtree. He further predicts significant investments in digital transformation and AI, noting Persistent Systems as a standout midcap pick. Challenges are anticipated for sectors like telecom and automotive.
ShareChat sacks over 500 employees; Paytm Payments Bank gets RBI nod to be Bharat Bill Payment Operating Unit
On Monday morning we reported that ShareChat was set to join the growing list of Indian startups that have laid off employees amid a brutal funding winter. Later in the day, CEO Ankush Sachdeva told employees in an email that the company was laying off over 500 people or about a fifth of its workforce.
PE, VC investors seek tax parity in budget; Meesho faces seller revolt over returns policy
Internet industry body IndiaTech, which represents a clutch of startups and VC investors, also said that the longer holding period for unlisted securities to be considered long-term assets means angel investors have to pay up to four times more tax if they sell a stake in an unlisted company after holding it for 18 months.
Great resignation was a fraud; not sure about a great layoff trend either! Digitisation super cycle just started: Manish Sabharwal, Teamlease
"My sense is that domestic consumption right now and IT are the two engines. So sales, customer service and logistics are where we see the fastest hiring and where the most open positions are. The interesting part is it is not just in 50 cities, we probably have employees in 4,000 cities but our 400 cities are now starting to look like places where demand is. So is this the second tier, third tier are just saving less and consuming more or is there more income? It is still too early to say."
A correction good for IT companies, staff: Nasscom chairperson
Krishnan Ramanujam said it is as bad a judgment call for an employee to take steep salary hikes for no discernible reason as it is for an employer to offer the same.
Job losses in tech sectors may reduce home sales in IT hubs
However, experts said the situation definitely does not warrant such panic, especially at a time when residential market is seeing the green shoots of a recovery.
Majority of senior Infosys executives still await hike
There’s wariness among some of those who have not received increments, considering the Indian IT industry is witnessing layoffs.
TCS headcount falls by over 2,000 QoQ despite improvement in attrition
TCS’s headcount stood at 613,974 for the quarter-ended December. It is to be noted that, in the second quarter, the employee addition came in at 9,840 in July—September period— its lowest net new addition in the last nine quarters.
