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TCS to cut 2% of workforce, affecting around 12,000 jobs - The Economic Times

Economic Times

Economic Times · 26d ago

TCS to cut 2% of workforce, affecting around 12,000 jobs - The Economic Times

Tata Consultancy Services (TCS) is set to lay off around 2% of its workforce, impacting over 12,000 employees, due to macroeconomic uncertainties and AI-driven disruptions. The affected employees will receive severance packages, outplacement services, and extended benefits. This move is part of TCS's strategic initiative to realign its workforce and invest in new technological areas. The decision follows a notable decline in job additions among major IT firms, reflecting broader industry challenges.

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TCS Layoffs 2025: Chennai IT Union Protests Against Job Cuts

StartupTalky

StartupTalky · 1d ago

TCS Layoffs 2025: Chennai IT Union Protests Against Job Cuts

The Union of IT & ITES Employees (UNITE) organized protests against reported mass layoffs at Tata Consultancy Services (TCS), where nearly 30,000 jobs were claimed to be at risk. TCS denied the scale, stating only 12,000 positions, about 2% of its global workforce, would be affected. The protests garnered support from the Centre of Indian Trade Unions, urging government intervention. TCS described the union’s claims as “inaccurate and misleading,” emphasizing future organizational readiness.

HR firms log an uptick in TCS staffers hunting for job - The Economic Times

Economic Times

Economic Times · 25d ago

HR firms log an uptick in TCS staffers hunting for job - The Economic Times

Tata Consultancy Services (TCS) announced a layoff of 2% of its workforce, over 12,000 employees, primarily impacting middle and senior levels by fiscal 2026. This announcement has led to an increase in job search queries from TCS employees, according to executive search firms like Transearch, CIEL HR, and Michael Page. Many expect more job cuts than those announced. Opportunities may be found in IT services, global capability centers, and startups, especially for those with expertise in emerging technologies.

No More Middlemen: TCS Cuts Vendor Access After Laying Off 12000 Employees

StartupTalky

StartupTalky · 16d ago

No More Middlemen: TCS Cuts Vendor Access After Laying Off 12000 Employees

TCS laid off over 12,000 employees and ended vendor partnerships to streamline contract hiring, which comprises 8-10% of its workforce. Pontoon Solutions, a US-based recruitment outsourcing firm, will now manage this process. TCS aims to cut costs, gain control, and enhance transparency in hiring following a 0.59% revenue drop. The new process includes job postings through Pontoon, who filters candidates before final TCS assessment, eliminating past weak vendor-reliant hiring practices.

Karnataka IT/ITeS Employees Union seeks action against TCS over job cuts - The Economic Times

Economic Times

Economic Times · 23d ago

Karnataka IT/ITeS Employees Union seeks action against TCS over job cuts - The Economic Times

Karnataka's IT/ITeS Employees Union (KITU) has filed an industrial dispute against Tata Consultancy Services (TCS) for allegedly forcing resignations and initiating mass layoffs, affecting over 12,000 employees. The union accuses TCS of violating the Industrial Disputes Act by not seeking government approval for the job cuts. TCS cites skill mismatches as the reason for layoffs amid macro uncertainties. The central government is examining the issue, seeking justice for affected employees.

State government intervention not needed in TCS layoffs: Priyank Kharge - The Economic Times

Economic Times

Economic Times · 21d ago

State government intervention not needed in TCS layoffs: Priyank Kharge - The Economic Times

Karnataka IT minister Priyank Kharge stated that government intervention is unnecessary in the recent TCS layoffs, which involved nearly 12,000 job cuts due to business overestimation and skill mismatch, not AI disruption. The state will only intervene if AI upskilling incentives are required to safeguard jobs. The Karnataka Labour Minister had requested TCS to explain the layoffs, while the Karnataka State IT/ITeS Employees Union filed a complaint alleging violations of labor laws.

Procter & Gamble to Slash 7000 Jobs Amid Tariff Strain and Consumer Uncertainty

StartupTalky

StartupTalky · 2m ago

Procter & Gamble to Slash 7000 Jobs Amid Tariff Strain and Consumer Uncertainty

Procter & Gamble plans to cut 7,000 jobs, about 6% of its global workforce, over two years due to rising costs and reduced consumer demand. Primarily affecting non-manufacturing roles, this restructuring aims to streamline operations. The decision follows weaker-than-expected sales and is part of a broader trend among large companies facing economic challenges, including those influenced by tariffs and AI adoption. Major firms like Amazon and Intel are also pursuing job cuts for similar reasons.

Google offers 300% hike to retain employee switching to AI startup

Livemint

Livemint · 1y ago

Google offers 300% hike to retain employee switching to AI startup

Google once offered a 300% salary hike to an employee who was planning to switch to Perplexity AI, according to Perplexity AI's CEO Aravind Srinivas. Srinivas emphasized the extent to which tech giants are willing to retain their employees. The tech industry has recently witnessed layoffs, with Google alone cutting 32,000 roles. Last month, CEO Sundar Pichai warned of further job cuts, stating the need to make "tough choices" for new investments. In 2023, Google announced plans to cut around 12,000 jobs, approximately 6% of its workforce.

IT Ministry flags concerns over TCS layoffs, seeks clarification

YourStory

YourStory · 24d ago

IT Ministry flags concerns over TCS layoffs, seeks clarification

The IT Ministry is examining TCS's decision to lay off 12,000 employees, which has raised concerns within India’s largest IT services company amidst a strategy shift focusing on AI and technology investments. The layoffs, affecting especially middle and senior grades, have sparked protests from employee unions like NITES, which question the legality of TCS's actions. The unions are threatening further actions unless TCS halts the layoffs and complies with retrenchment regulations. The situation reflects a wider industry trend amid global economic uncertainties.

Amazon cuts more jobs, this time in books division

Economic Times

Economic Times · 2m ago

Amazon cuts more jobs, this time in books division

Amazon has cut under 100 jobs in its books division, affecting Goodreads and Kindle units, to enhance efficiency and align with its business plan. This action is part of CEO Andy Jassy's broader strategy to reduce bureaucracy and streamline operations. The company has also recently made job cuts in its devices, services, podcast division, and communications staff. Despite these layoffs, Amazon's workforce increased by 4,000 jobs in the first quarter of this year.

Intel cuts over 500 jobs in Oregon as part of layoff plan - The Economic Times

Economic Times

Economic Times · 1m ago

Intel cuts over 500 jobs in Oregon as part of layoff plan - The Economic Times

Intel is set to cut over 500 jobs in Oregon as part of a broader layoff plan, aiming to reduce around 20% of its workforce. The job cuts will affect facilities in Aloha and Hillsboro, eliminating 529 positions permanently. This move follows a recent layoff in California, where 107 employees were let go. The effort seeks to streamline operations under new CEO Lip-Bu Tan, aiming for a leaner and more efficient company.

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