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TCS Assures No Offer Withdrawals Amid Onboarding Delay Uproar

StartupTalky

StartupTalky · 3m ago

TCS Assures No Offer Withdrawals Amid Onboarding Delay Uproar

Tata Consultancy Services (TCS), India's largest IT services provider, reassures that no job offers have been withdrawn amid reports of onboarding delays. Despite candidates facing extended joining date shifts, TCS remains committed to honoring all offers, stating delays are due to adjusting for business needs. The issue has drawn criticism, with some applicants expressing frustration over poor communication. Meanwhile, NITES has sought government intervention, calling for a formal onboarding strategy and assistance for affected professionals.

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Labour ministry issues notice to TCS over delayed onboarding

Economic Times

Economic Times · 2y ago

Labour ministry issues notice to TCS over delayed onboarding

The Ministry of Labour and Employment in Maharashtra has issued a notice to Tata Consultancy Services (TCS) following a complaint filed by the Nascent Information Technology Employees Senate (NITES) regarding delayed onboarding of lateral recruits. Over 2,000 recruits have been affected by the unexpected delay. TCS executives have been asked to discuss the situation with department officials on November 2nd. NITES has demanded that affected employees be paid their full salaries and be provided with access to TCS's employee assistance program. TCS has been slowing down on hiring and recorded a sequential reduction in headcount.

10,000 freshers from major IT firms Infosys, Wipro & TCS await onboarding

Livemint

Livemint · 1y ago

10,000 freshers from major IT firms Infosys, Wipro & TCS await onboarding

Around 10,000 freshers offered jobs in the past two years by major IndianIT companies like TCS, Infosys, and Wipro are facing delays in the onboarding process, according to the IT employee union Nascent Information Technology Employees Senate (NITES). This delay is primarily due to business uncertainty in North America and Europe, resulting in a cautious approach towards IT expenditures by clients. The IT sector has also witnessed a decrease in employee headcount, with TCS, Infosys, and Wipro reporting declines in their total workforce for the fiscal year 2023-24.

TCS finally rolls out annual salary increments; average hike at 4.5-7% - The Economic Times

Economic Times

Economic Times · 1m ago

TCS finally rolls out annual salary increments; average hike at 4.5-7% - The Economic Times

Tata Consultancy Services (TCS) announced annual wage hikes of 4.5-7% for junior to mid-level employees, effective from September 1, 2025, marking the lowest increment in four years due to a sluggish business environment. Outstanding performers will receive over 10%. This decision follows a five-month delay and affects 80% of TCS's workforce, excluding senior-level staff. Amid caution in the IT sector, TCS is also undergoing layoffs and has introduced a new bench policy.

Techies write to govt as TCS delays onboarding of 600 lateral hires - The Economic Times

Economic Times

Economic Times · 3m ago

Techies write to govt as TCS delays onboarding of 600 lateral hires - The Economic Times

Several experienced technology professionals have appealed to the Indian government, alleging Tata Consultancy Services (TCS) delayed the onboarding of 600 lateral hires. Many affected individuals, having resigned from previous jobs, faced financial and personal challenges due to indefinite delays in joining dates. The Nascent Information Technology Employees Senate (NITES) wrote to the Union Labour Minister, seeking a commitment from TCS on onboarding timelines and compensation for the delays. TCS reaffirmed its commitment to honoring all job offers.

No sharp rallies ahead, expect incremental valuation re-rating: Chakri Lokapriya

Economic Times

Economic Times · 3m ago

No sharp rallies ahead, expect incremental valuation re-rating: Chakri Lokapriya

Chakri Lokapriya, CIO-Equities at LGT Wealth, highlights ongoing challenges in the tech sector due to the U.S. tariffs and weak discretionary demand. Companies like TCS and HCL Tech reflect this uncertainty, but steady order books offer hope. Paytm shows promising margin improvements and profit, boosting investor confidence, while Dixon Tech’s solid performance is driven by its mobile segment. Defence sector prospects, particularly for HAL, remain positive amid ongoing aircraft demands.

TCS skips labour ministry meet, reaffirms it will honour job offers in written reply - The Economic Times

Economic Times

Economic Times · 2m ago

TCS skips labour ministry meet, reaffirms it will honour job offers in written reply - The Economic Times

Tata Consultancy Services (TCS) skipped a scheduled meeting with the Chief Labour Commissioner but sent a written response, confirming it will honour all job offers despite onboarding delays. These delays are attributed to global market conditions and project deferments. The employee rights group NITES criticized the lack of a clear onboarding schedule and is demanding compensation and mental health support for affected individuals. TCS recently announced plans to lay off 12,000 employees due to shifting project demands.

Money anywhere, anytime with cash on scan: Cash withdrawals with smartphones are about to become easier

Economic Times

Economic Times · 1m ago

Money anywhere, anytime with cash on scan: Cash withdrawals with smartphones are about to become easier

Plans are underway to enable cash withdrawals via smartphones using the Unified Payments Interface (UPI) virtually anywhere in India. This initiative aims to expand beyond UPI-enabled ATMs by facilitating cash withdrawals at Business Correspondents (BCs). BCs in remote areas would offer UPI-based cash withdrawals using QR codes. While this offers convenience, there are concerns about potential misuse by cyber thieves using the system for unauthorized cash withdrawals, raising security and fraud risks.

With love, from HR: TCS says staff axed `with a lot of care’ - The Economic Times

Economic Times

Economic Times · 7d ago

With love, from HR: TCS says staff axed `with a lot of care’ - The Economic Times

Tata Consultancy Services (TCS) is not aiming for specific headcount reductions, according to HR chief Sudeep Kunnumal. The company experienced a net loss of nearly 20,000 employees in the September quarter, due to voluntary and involuntary attrition, including AI-driven disruptions affecting mid and senior staff. TCS is providing significant support to those affected. Despite mass layoffs and an increased attrition rate, the company assures that all employees will be evaluated without a specific target for cuts.

TCS salary hike to be decided later in the year: HR chief Milind Lakkad - The Economic Times

Economic Times

Economic Times · 3m ago

TCS salary hike to be decided later in the year: HR chief Milind Lakkad - The Economic Times

Tata Consultancy Services (TCS) announced it will decide on salary increments later in the year due to uncertain business conditions. This comes as the attrition rate increased to 13.8% in the June quarter. Despite this, TCS continues its target of onboarding 40,000 freshers. In the first quarter of FY26, TCS reported a 6% year-on-year growth in net profit but a modest 1.3% rise in revenue, impacted by global market uncertainties.

The Long Wait: As IT firms delay onboarding, fresh graduates face financial uncertainties

Economic Times

Economic Times · 1y ago

The Long Wait: As IT firms delay onboarding, fresh graduates face financial uncertainties

Many Indian students who received offer letters from major IT companies like Infosys, Wipro, TCS, and others have been left waiting for months or even years without a joining date. This has caused financial difficulties as they struggle to pay off student loans and uncertainty about their career paths. Some students have formed groups on social media to support each other and express their frustrations. While some companies have addressed the backlog and started onboarding processes, legal experts state that the students have little recourse as employment contracts are typically not legally enforceable.

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