Will TCS join layoff spree? Here's what HR head has to say
1 year, 10 months ago

Will TCS join layoff spree? Here's what HR head has to say

Hindustan Times  

Tata Consultancy Services is 'not considering any layoffs,' the multinational IT firm's Chief Human Resources Officer has said, with his statement coming at a time when IT companies, including tech giants such as Google, Meta and Twitter, among others, have laid off employees over reasons such as cost-cutting, poor performance etc. Once a staff member joins, it is our responsibility to make them productive, and derive value,” said Milind Lakkad, the Mumbai-headquartered organisation's CHRO, in an interview with PTI. Lakkad added that firms are forced to terminate employees as these hire ‘more people than required.’ TCS, on the other hand, is ‘cautious’ in its approach, he remarked. On people losing jobs with startups, Lakkad said Tata Consultancy Services will ‘like to hire such impacted workers,’ specifically those with talent in user experience design, artificial intelligence, cloud aspects, and product experience.

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History of this topic

TCS to hire 40,000 freshers this year: ‘India is the destination for talent’
5 months, 1 week ago

TCS to hire 40,000 freshers this year: ‘India is the destination for talent’

Hindustan Times  

Tata Consultancy Services plans to hire approximately 40,000 freshers in the current financial year, the company said. TCS Chief HR Officer Milind Lakkad said, "India is the destination for talent, and that is not going to change in the near future. Milind Lakkad noted that while about 70% of employees have returned to office “the idea is not punitive but …

TCS salary hike: Offsite employees may get 7-8%, onsite much less appraisal while top performers can expect this
9 months ago

TCS salary hike: Offsite employees may get 7-8%, onsite much less appraisal while top performers can expect this

Hindustan Times  

Tata Consultancy Services may increase the salaries for its offsite employees by an average of 7-8 percent and for its onsite employees 2-4 percent in 2024-25, it was reported. TCS salary hike: A man walks past a logo of Tata Consultancy Services before a press conference. A source quoted by the report said, “The salary increment process is nearing completion, …

TCS offers Rs 40,000 incentives for rapid hiring, requires 6-month continuity
9 months ago

TCS offers Rs 40,000 incentives for rapid hiring, requires 6-month continuity

India TV News  

Tata Consultancy Services has rolled out the 'Quick Joiner Incentive Plan' under which the company offers candidates an additional Rs 40,000 for senior roles with the concern that they join within a month. Earlier, the company ruled out cutting down on hiring, saying it has no plans of doing so but it may have to pace hiring according to the …

TCS working towards reducing pay disparity in employees, plans to double salaries
1 year, 7 months ago

TCS working towards reducing pay disparity in employees, plans to double salaries

India Today  

The tech industry has been going through a rough time recently as many companies announced large-scale layoffs in order to cut down costs and survive in the present economic conditions. However, Tata Consultancy Services remains an exception as amidst the challenging job market, the company not only continues to hire employees, but is also working towards reducing the pay disparity …

TCS attrition continues to lower at 20.1%, net addition of 821 employees in Q4
1 year, 8 months ago

TCS attrition continues to lower at 20.1%, net addition of 821 employees in Q4

Live Mint  

IT bellwether Tata Consultancy Services has made a net addition of 821 in its employees' headcount for the quarter ended March 2023 period. This would be a net reduction of 2,197 employees compared to a headcount of 616,171 employees in the September 2022 quarter. During the September 2022 quarter, TCS made the second highest hiring among its peers after Infosys …

IT giant TCS not looking at layoffs, likely to announce hikes for employees soon
1 year, 10 months ago

IT giant TCS not looking at layoffs, likely to announce hikes for employees soon

Live Mint  

Amidst layoffs over the world especially from tech biggies, Indian IT giant, Tata Consultancy Services is not considering the same. While shunning the layoff plan, TCS chief Human Resources officer Milind Lakkad on Sunday hinted that the company will be announcing hikes that will be similar to earlier years. Whereas TCS, he cited as "cautious", believes that once staff member …

TCS to lay off employees? Here's what company's top official says
1 year, 10 months ago

TCS to lay off employees? Here's what company's top official says

India TV News  

TCS layoffs on cards: After Google, Microsoft, Twitter, Facebook, is IT giant Tata Consultancy Services is also planning to lay off employees, well, the company said that it has no plans to fire staff as it believes in grooming the talent for longer careers once they join the company. Speaking to PTI in an interview, TCS chief Human Resources officer …

TCS’ employees count goes down. What the management says
1 year, 11 months ago

TCS’ employees count goes down. What the management says

Live Mint  

Apart from missing estimates in terms of profitability, IT giant Tata Consultancy Services surprisingly also reduced its employees' headcount for the third quarter ending December 31, 2022 period. During the September 2022 quarter, TCS made the second highest hiring among its peers after Infosys with a net addition of 9,840 employees compared to the June 2022 quarter where headcount stood …

TCS’ attrition rate inches lower to 21.3% in Q3, employees headcount dips
1 year, 11 months ago

TCS’ attrition rate inches lower to 21.3% in Q3, employees headcount dips

Live Mint  

IT giant Tata Consultancy Services' attrition rate for the quarter ending December 31, 2022, inched lower to 21.3%. TCS had made the second highest hiring among its peers after Infosys in Q2FY23 with a net addition of 9,840 employees compared to the June 2022 quarter where headcount stood at 606,331 employees. Coming to IT services attrition, the Tata Group-backed company …

TCS Adds Net 9,840 Employees in Q2FY23, Lower Than Q1; Attrition Rate Continues To Rise
2 years, 2 months ago

TCS Adds Net 9,840 Employees in Q2FY23, Lower Than Q1; Attrition Rate Continues To Rise

News 18  

India’s largest IT services company Tata Consultancy Services on Monday reported a net addition of 9,840 employees during July-September 2022. TCS has been meeting demand for services around new technologies by continually investing in organic talent development,” TCS said in a BSE filing on Monday. Its attrition rate in IT services stood at 21.5 per cent during the September 2022 …

TCS hiring at all-time high: IT giant adds over 1 lakh employees
2 years, 8 months ago

TCS hiring at all-time high: IT giant adds over 1 lakh employees

India Today  

Tata Consultancy Services has hired more than one lakh employees in Financial Year 2021-22, the highest ever by the IT behemoth. TCS HIRING In Q4, TCS added 35,209 employees on a net basis, the highest ever net addition in a quarter, TCS said in the BSE filing while announcing its Q4 results. Employee headcount stood at 5,92,195, a net addition …

TCS attrition rate continues to rise, but ’moderating’
2 years, 8 months ago

TCS attrition rate continues to rise, but ’moderating’

Live Mint  

While announcing its Q4FY22 earnings, IT giant Tata Consultancy Services said that its IT services attrition continued to climb during the January-March 2022 period, reaching 17.4%. "The company’s philosophy of investing in people, and its progressive workplace policies have resulted in industry leading retention in an environment of increased churn," India's top IT company said in a statement. Attrition rates …

TCS adds over 35,000 employees in Q4, highest ever in a quarter
2 years, 8 months ago

TCS adds over 35,000 employees in Q4, highest ever in a quarter

Live Mint  

India's largest IT service provider Tata Consultancy Services witnessed highest ever employee additions in a quarter during the January-March 2022 period, with net additions of 35,209 employees during the fourth quarter, taking the employee headcount at 592,195. “With the highest ever net addition this year, consistently highest talent retention, benchmark talent development metrics, continued focus on health and wellbeing and …

TCS, Infosys, Wipro to Recruit Over 1 lakh Freshers This Fiscal
3 years, 5 months ago

TCS, Infosys, Wipro to Recruit Over 1 lakh Freshers This Fiscal

News 18  

Following the second wave of the Covid-19 pandemic, top Information Technology companies in India, are aiming to bring fresh talent into the fold. Infosys added around 8,300 employees and TCS added around 20,000 numbers to its ranks, bringing the total number up to 5 lakh employees. TCS Looks to Make Waves and Lead the Pack Tata Consultancy Services is eyeing …

TCS adds over 7,000 employees in UK, now employs over 18,000 persons
3 years, 5 months ago

TCS adds over 7,000 employees in UK, now employs over 18,000 persons

India TV News  

India's largest IT firm Tata Consultancy Services on Wednesday said it has added over 7,000 employees in the UK, including 1,800 trainees over the past five years. "To support its growth, it has added more than 7,000 employees, including 1,800 trainees, over the last five years, making it among the top UK recruiters of IT services talent. "Our deep contextual …

Tata Consultancy Services to Recruit 1,500 Tech Staff in UK over Next Year
3 years, 10 months ago

Tata Consultancy Services to Recruit 1,500 Tech Staff in UK over Next Year

News 18  

India’s largest software services firm Tata Consultancy Services on Wednesday said it will recruit 1,500 technology employees across the UK over the next year. The announcement followed Monday’s meeting in Mumbai between visiting UK Trade Secretary Liz Truss and TCS CEO Rajesh Gopinathan. During the meeting, the two sides discussed TCS’ commitment to continue investing in the UK economy, innovation, …

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