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 Milind Lakkad said, "We don't do that, we believe in grooming talent in the company… no layoffs." TCS chief HR said that the company hired over 2 lakh people including 1.19 lakh trainees in the past one year. The official also informed that close to 40 per cent of the current staff work from offices three times a week and 60 per cent come two times a week.

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History of this topic

Layoffs 2024: Tech companies fire 30k employees in January; Paytm, Flipkart lead race in India
10 months, 2 weeks ago

Layoffs 2024: Tech companies fire 30k employees in January; Paytm, Flipkart lead race in India

Hindustan Times  

After a major firing spree throughout 2023 in major global tech companies, situation continues to remain bleak for employees across all major departments as over 30,000 tech employees have been laid off in January 2024. Over 30,000 laid off in tech companies in January 2024 According to data collated by Layoffs.fyi, over 30,000 employees have been fired from tech companies …

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 HR head says top performing employees will get 10 - 12 per cent salary hike this year
1 year, 8 months ago

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India Today  

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

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Live Mint  

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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 …

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’ 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 Work From Home to End Soon? Know What CEO Gopinathan Says About Opening Offices
2 years, 5 months ago

TCS Work From Home to End Soon? Know What CEO Gopinathan Says About Opening Offices

News 18  

TCS Work from Home Latest Update: Tata Consultancy Services has recently said that 20 per cent of its over-6 lakh employees are now working out of their designated office, as the company looks to return to a normal, office work module post-pandemic. With several employees working from office, TCS work from home regime is slowly getting pushed out even as …

TCS Employees: Salary Hike this Year to Work From Home, What IT Company Says After Q4 Earnings
2 years, 8 months ago

TCS Employees: Salary Hike this Year to Work From Home, What IT Company Says After Q4 Earnings

News 18  

India’s largest IT company Tata Consultancy Services, or TCS, has announced its results for the last quarter of the previous financial year, where it said that the company has reported a 7 per cent increase in its net profits to Rs 9,926 crore in the fourth quarter ended March 2022. While announcing the results, TCS said that it plans to …

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 to Roll Out Salary Hikes in April, Second Within Six Months
3 years, 9 months ago

TCS to Roll Out Salary Hikes in April, Second Within Six Months

News 18  

Tata Consultancy Services will hand out across-the-board salary increments for 2021-22, becoming the first IT services company to do so for the upcoming fiscal. This would be the second salary hike within six months by TCS. The sources said with the FY22 salary hike, TCS employees will get around 12-14 per cent average increment in six months’ window. TCS was …

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