Tata Consultancy Services to reduce workforce by 2%; Samsung signs $16.5 billion deal with Tesla; Women's dating app Tea hacked
Tata Consultancy Services said over the weekend that it is planning to reduce its workforce by 2% in its 2026 financial year, meaning that around 12,200 jobs will be cut as part of this process. Those who are to be primarily affected include employees in middle and senior management, per the company. TCS's workforce stood at 6,13,069 as of the end of last month; its workforce grew by 5,000 employees during the April-June quarter, reported PTI. Those impacted by the layoffs will receive appropriate benefits, outplacement, counselling, and support, said TCS. India's IT sector is currently facing challenges as the country evaluates the effects of U.S. President Donald Trump's heavy tariffs and aggressive trade policies.
The news was received with shock across social media platforms, as TCS intends to retrain and re-deploy staff as it plans to enter new markets, make new investments, and further adopt artificial intelligence (AI). TCS Chief Executive K. Krithivasan had also noted there were delays in client decision-making and project starts.
Samsung signs $16.5 billion deal with Tesla
Elon Musk confirmed on Monday that his EV-maker Tesla has signed a deal with Samsung in order to source chips, as the South Korean electronics maker tries to cope with a contract manufacturing business that is seeing losses. Though Samsung earlier announced the chip supply deal that was worth $16.5 billion, it did not name the global company it was partnering with, citing confidentiality about the details. However, sources shared the information about Tesla, which was later confirmed by Musk himself on X (previously Twitter). The deal is set to run through the end of 2033. However, it remains to be seen how U.S. tariffs may affect the implementation.
Samsung is currently lagging in the race to make AI chips, with rivals such as TSMC and SK Hynix moving ahead in this area. Some of TSMC's major clients include Apple, Nvidia, and Qualcomm. Meanwhile, Samsung is the world's top memory chip maker.
Women's dating app Tea hacked
A dating app called Tea that was designed to let women vet their male partners or warn others about potential predators has been hacked, with the app reporting that about 72,000 images were leaked online, including 13,000 images of selfies or photo identification submitted as part of the user account verification process. In addition to this, about 59,000 images were also accessed, sparking fears that the women featured in them could be tracked, threatened, doxxed, or even physically harmed.
Before its hack, Tea soon surged in popularity and even reached the top spot on the U.S. Apple App Store, as women on the app tried to identify men they were dating who had a history of carrying out violence, sex crimes, fraud, or infidelity. Tea said that it engaged third-party cybersecurity experts and was working around the clock to secure its systems after the hack.
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