Prøve GULL - Gratis
Mass Layoffs Jolt TCSers
Business Standard
|July 29, 2025
An air of disbelief hung over Tata Consultancy Services (TCS) offices on Monday morning, a day after the largest information-technology (IT) services company sent out an unexpected communication to its employees, announcing its biggest layoff.
At TCS—long seen as an ideal destination for steady and secure jobs—employees found it tough to come to terms with the layoff announcement that broke the Sunday afternoon peace.
There were many, however, who had no clue on Sunday. Since the official communication that 2 per cent of the workforce, or over 12,000 employees, would have to leave was sent out on a holiday, many employees learnt about the layoffs through Monday morning newspapers, just before heading to office.
"I think the internal portal carried the update on Sunday afternoon, but most of us wouldn't have checked it.
Reading about our own company's layoffs in the newspaper was shocking," said a mid-level employee. "There was no prior indication from human resources (HR) department). No announcement.
Nothing," he lamented.
This is the first time that TCS has officially announced a large-scale layoff. The only comparable instance was in 2012, when it let go of around 2,500 employees. For a Tata Group company, especially TCS, which weathered past crises like Covid-19 and the 2008 financial meltdown without cutting jobs, this marks a dramatic cultural shift. "TCS was considered a safe company. It stood by employees during every downturn. That's what makes this harder to digest," said another employee. Several expressed discomfort over what they saw as a departure from the "Tata values".
Denne historien er fra July 29, 2025-utgaven av Business Standard.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Business Standard
Business Standard
‘Investor awareness becomes more important than ever’
Ananth Narayan G describes his three-year tenure as whole-time member of the Securities and Exchange Board of India (Sebi) as a privilege that allowed him to make an impact on a larger canvas.
3 mins
November 01, 2025
Business Standard
New currency of hard power
If China is an exporting superpower, America is an importing one. Mr Trump has turned what would usually be a liability into an asset
5 mins
November 01, 2025
Business Standard
Apple's India revenue hits new high in Sep qtr
Apple set an all-time revenue record in India for the September quarter, driven by strong iPhone sales, as the American technology giant’s overall sales revenue reached $102.5 billion globally.
1 mins
November 01, 2025
Business Standard
USFDA's new biosimilar norms to woo more players, fast-track mkt entry
The US Food and Drug Administration’s (USEDA)'s new draft guidelines aimed at speeding up and reducing the cost of developing biosimilars — lower-priced, near-replicas of complex biologic medicines — could significantly benefit Indian biotech companies.
2 mins
November 01, 2025
Business Standard
Apple revenue tops $100 bn for first time
iPhone price hike drives record quarter
1 mins
November 01, 2025
Business Standard
Broking industry sees high growth on digital push
The Indian broking industry is passing through a lean patch after two years of rapid growth and expansion.
3 mins
November 01, 2025
Business Standard
Al-related stocks have more room to grow'
Artificial intelligence (AI)-related stocks have more room to grow, said Mark Matthews, managing director (MD) and head of research for Asia at Julius Baer during lunch on the sidelines of the Business Standard BFSI Insight Summit 2025 on Friday.
1 mins
November 01, 2025
Business Standard
'Al unlikely to replace humans in fin services'
Artificial intelligence, or AI, has had an influence in the way we invest in stocks. While it helps you narrow the list of opportunities, it has not reached a point where it can replace wealth managers, points out Shankar Sharma, founder, GQuants, in a fireside chat with A K Bhattacharya. Edited excerpts:
4 mins
November 01, 2025
Business Standard
Vedanta net profit plunges 59% on exceptional losses
Mining major Vedanta’s consolidated net profit plunged 58.69 per cent year-on-year (Y-0-Y) to %1,798 crore inthe second quarter of 2025-26 (Q2FY26), dragged down by exceptional losses booked during the period under review. The company had reported anet exceptional gain of $1,160 crore in Q2FY25.
2 mins
November 01, 2025
Business Standard
Sebi chief stresses responsible tech use, stronger market resilience
The Securities and Exchange Board of India (Sebi) is promoting the responsible use of emerging technologies, such as artificial intelligence in financial markets, strengthening cybersecurity, and preparing entities for change, said Chairman Tuhin Kanta Pandey on Friday.
1 mins
November 01, 2025
Listen
Translate
Change font size
