Page 7 - Tcs

TCS' decision to lay off nearly 12,000 employees may lift margins

Firm's operating margin has remained below target for five consecutive quarters

Tech sector at inflection point, workforce rationalisation likely: Nasscom

With country's largest IT services firm TCS laying off over 12,000 employees, industry body Nasscom on Monday said some "transitions" and "workforce rationalisation" are expected in near term as organisations shift toward product-aligned delivery models in response to increasing client demands for agility, innovation, and speed. Tata Consultancy Services (TCS) has said it will lay off more than 12,000 employees, or 2 per cent of its global workforce, this year, as part of a broader strategy to become a "future-ready organisation". The impact will be felt most in the middle and senior grades. Without directly mentioning TCS, Nasscom, in a statement titled "workforce realignment and industry transformation", highlighted that the tech industry is currently at an inflection point, with AI and automation becoming central to business operations. "Over the next several months, we anticipate some transitions as organisations pivot toward product-aligned delivery models, driven by rising ...

Gloomy Monday morning at TCS as its mass layoffs jolt employees

This is the first time TCS has officially announced large-scale layoffs

Signs of the future: India must prepare to deal with AI adoption

The fast-changing technology landscape, with the growth and adoption of AI, is making not only tech firms but businesses across the spectrum adapt

LIC portfolio sees Rs 46,000 crore dent in July; RIL biggest value drag

Meanwhile, four IT companies combined - TCS, Infosys, HCL Technologies and Tech Mahindra - have made a dent of ₹15,321 crore in LIC's portfolio thus far in July

Pahalgam mastermind killed, TCS job cuts, SC on Bihar SIR, Thailand-Cambodia truce

At least 3 terrorists were killed today by special forces of Indian Army on the outskirts of Srinagar, in Operation Mahadev. According to reports, the mastermind behind the Pahalgam

Why Indian IT firms are cutting jobs even as revenue continues to grow

Even as top line growth holds steady, IT giants such as TCS, Infosys and Wipro are shedding jobs, signalling a shift to automation, pyramid reset and legacy rationalisation

Stocks to Watch today, July 28: TCS, SAIL, Shriram Finance, Aadhar Housing

Stocks to Watch today, July 28, 2025: Whirlpool India, Shriram Finance, SAIL, Tata Consultancy Services (TCS), and Aadhar Housing Finance are some of the top stocks to watch today

TCS to lay off 2% of its workforce, impacting over 12,000 employees

Tata Consultancy Services (TCS) will lay off about 2% of its workforce, or 12,260 people, as part of its Project Fluidity, aiming to become a more agile, AI-led organisation

Labour ministry asks TCS to meet CLC next week to discuss onboarding delay

According to the letter sent by the ministry addressing the chairman and managing director of TCS, the meeting will be held on August 1

Attrition, hiring at IT companies continue to float on choppy waters

This comes in a tepid job market, where overall demand remains soft but companies are scrambling to find talent with niche digital skills like artificial intelligence (AI), cloud, and cybersecurity

TCS delays onboarding of over 600 experienced execs: NITES to govt

NITES urges Labour min to intervene after TCS delays onboarding 600 professionals, despite commitments via offer letters. It also calls for compensation and mental health support for affected hires

Bharti Airtel surpasses TCS to become India's third-most-valuable company

The telecom major was valued at ₹11.45 trillion, while TCS' market capitalisation stood at ₹11.43 trillion

IT employees' union says TCS bench policy 'coercive' and 'punishing'

35-day bench rule pressures employees and promotes a culture of fear, says NITES

Tablighi Jamaat case, TCS bench policy, Perplexity AI, Trump's funding cut bill. #newsin1min

The Delhi High Court today quashed charges against 70 people accused of providing shelter to attendees of Tablighi Jamaat in their homes or mosques during the Covid-19 outbreak in 2020.

TCS maintains 100% variable pay for 70% of staff in Q1 despite slowdown

India's largest IT firm pays full QVA to majority of its staff for the second straight quarter, even as revenue growth hits a multi-year low and annual hikes remain deferred

Dividend stocks: TCS, 6 others to trade ex-date on July 16; do you own any?

Here is the complete list of stocks that will trade ex-date tomorrow, July 16, along with their key details

Getting people back to office was among toughest challenges: TCS' Lakkad

Lakkad and Kunnumul talk about talent, technology, transition, and what lies ahead for TCS's 600,000+ workforce

After Singur, a new chapter unfolds in Tata Group-West Bengal saga

A meeting between Chief Minister Mamata Banerjee and Tata Group Chairman N Chandrasekaran has rekindled hopes of fresh investments by the group in the state that goes to polls next year

Wage hikes a priority for TCS; focus on growth and profitability: CFO

Delivering wage hikes for its over 6 lakh employees is a "priority" for TCS, the country's largest IT services company's Chief Financial Officer (CFO) Samir Seksaria has said. Speaking to PTI, after the release of the June quarter results, where the business witnessed headwinds on growth and margins, Seksaria made it clear that TCS will focus on growth with profitability. The company showed a 6 per cent increase in net on non-core income as demand got impacted due to macroeconomic and geopolitical troubles, and deferred its annual wage hikes that typically set in from April. Stating that TCS has rarely resorted to deferring wage hikes unlike peers, Seksaria said, "My priority is getting back to the wage hike." He, however, did not specify when the hikes will be delivered. Typically, the annual wage hikes crimp the operating profit margin by over 1.50 per cent, Seksaria said. It reported a 0.20 per cent narrowing in the number at 24.5 per cent for the June quarter, but Seksaria ...