Job Cut: TCS will lay off about 12000 employees, technology shift is the reason

TCS Layoff: The country’s leading IT company Tata Consultancy Services (TCS) is going to layoff employees. The company may lay off 2 percent (about 12000) of its entire work force. This layoff may be done by TCS next year.

TCS Layoff: The country’s leading IT company Tata Consultancy Services (TCS) is going to layoff employees. The company can lay off 2 percent (about 12000) of its entire work force. This layoff can be done by TCS next year. Let us tell you, the CEO of the company says that these efforts are being made to be ready for the changes happening due to technology and to be prepared for the future.

What has the CEO of the company said

Talking to Money Control, TCS CEO K. Krithivasan says, “We are shifting towards new technology in AI and operating models. We are changing our way of working. We have to keep ourselves ready.” He said that we are using AI on a large scale. Along with this, we are also evaluating the skills that we will need in the future. K. Krithivasan says, “We have made a big investment in the career growth of our colleagues. But still we are finding that many roles will not be needed in the future. This will affect 2 percent of the global workforce. As a CEO, this will be the most difficult decision for me so far.” Let us tell you, K. Krithivasan said that this decision will affect middle and senior level employees.

TCS had 6,13,000 employees till the end of June. In this way, 2 percent will be equal to about 12000 employees. Let us tell you, K. Krithivasan said, “This is a difficult decision. But we have to take this decision for a strong TCS.”

A few weeks ago, the company had changed another rule

TCS had changed the bench policy of employees just a few weeks ago. Under the new rule, employees will have to keep at least 225 days billable. At the same time, the bench time will have to be kept less than 35 days.

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