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Time of India
27 minutes ago
- Time of India
TCS layoffs: MeitY takes note; staff union writes to labour minister
TCS layoffs: MeitY takes note; staff union writes to labour minister Also in the letter: TCS layoffs draw government attention Context: Why it matters: What's next: TCS faces union heat over 12,000 job cuts What they said: Also Read: Backdrop: Why it matters: With automation and realignment reshaping roles, concerns around job security and fair practice are bubbling to the surface, while also forcing the government to take a closer look at how India's tech sector handles disruption. TCS job cuts may set precedent for India's IT sector The signal: AI not the culprit (yet) No status quo: Samsung exports slump 20% as PLI benefits lapse Why it matters: Also Read: The bigger picture: The company is seeking credit for FY22, which it claims was impacted by Covid-19. What to watch: Also Read: Google deposes before ED in online betting probe The case: Google may have to submit internal records and compliance statements as part of the investigation. Google's response: Why it matters: What's next: The union government is taking an interest in the TCS layoffs that spooked employees and investors. This and more in today's ETtech Top 5.■ Broader IT shakeup■ Samsung in slow lane■ ED grills GoogleTCS CEO K KrithivasanIndia's IT Ministry is closely monitoring Tata Consultancy Services' (TCS) decision to cut 12,261 jobs – roughly 2% of its global workforce – as alarm grows over job losses at India's largest tech firm. Government officials are in touch with TCS, seeking clarity on the rationale behind the said the layoffs are part of its drive to become a 'future-ready organisation', involving the adoption of artificial intelligence, global expansion, and a reorganisation of its workforce. Most of the cuts target mid- and senior-level creation remains a key political priority, and the government is weighing whether schemes like the Employment Linked Incentive can soften the blow. The episode also highlights the growing urgency for IT firms to reskill at ministry may push for more aggressive skilling interventions and wants clearer insight into existing talent gaps. TCS, for its part, said it will offer severance packages, counselling support, and outplacement services to affected union Nascent IT Employees Senate (NITES) has urged labour minister Mansukh Mandaviya to halt TCS's plan to axe over 12,000 jobs , calling the move 'illegal' and demanding the reinstatement of affected its letter, NITES accused the IT giant of sidelining over 600 lateral hires and questioned the fairness of the layoffs, pointing to hefty executive pay packets. The union also called on the government to hold senior leadership had framed the cuts as being part of a broader transformation drive. CEO K Krithivasan insisted the decision wasn't AI-led, but stemmed from a skill mismatch , particularly among senior standoff reflects the growing friction between India's tech majors and their workforce, as companies chase agility and cost move to cut 12,000 jobs has rattled nerves in India's IT industry, raising concerns about a broader shakeout . No other firm has followed suit yet, but the hiring chill is hard to added just 5,000 employees in Q1 FY26, while rivals like Infosys have slowed onboarding . The company has also cracked down on idle time , capping non-billable days at 35 annually. The message is becoming clearer: Productivity is now non-negotiable.: While TCS is investing heavily in automation, its CEO insists that the layoffs stem from role overlaps and outdated skills, not machines replacing people. Still, the pace of tech disruption is others adopt TCS's strategy, job security, particularly for mid-career professionals, could be affected. Expect boardrooms to prioritise workforce agility, reskilling, and internal smartphone exports from India tumbled 20% year-on-year in Q1 FY26 to $950 million after the South Korean electronics giant stopped receiving incentives under the government's production-linked incentive (PLI) scheme, industry executives told sharp drop has sparked concern over India's cost competitiveness in electronics manufacturing. Without PLI support, India's export costs are estimated to be 10–15% higher than those of Vietnam and China. Apple, Dixon, and other firms could hit a similar wall after FY26, when their PLI cycle comes to an was one of PLI's biggest beneficiaries, scaling exports from $1.2 billion in FY21 to $4.4 billion in FY25. That momentum now risks stalling.A new Rs 22,919-crore components PLI scheme is on the table. But for anchor players like Samsung to stay committed, policy continuity may be just as important as fresh executives appeared before the Enforcement Directorate (ED) on Monday as part of a probe into alleged promotion of illegal online betting and gambling platforms. Meta officials, who were also summoned, skipped the ED is examining whether digital platforms enabled ads for unlawful betting sites, potentially violating the Prevention of Money Laundering Act (PMLA).The company said it prohibits illegal gambling ads and is cooperating fully with the authorities. 'We are committed to keeping our platforms safe and secure,' a spokesperson told the news agency Press Trust of marks one of the first PMLA-linked cases scrutinising the ad practices of Big Tech companies in India. With the upcoming Digital India Act, the government is pushing for tighter oversight and platform investigation could widen if more violations surface. Advertising rules may soon become far more stringent, particularly for sectors such as gaming, cryptocurrency, and high-risk finance, where regulatory grey areas have long been the norm.


Time of India
27 minutes ago
- Time of India
'I'm disappointed in Putin…': Trump's final warning, Russian Prez gets just 10-12 days to truce deal
U.S. President Donald Trump said on Monday he was setting a new 10 or 12-day deadline for Russia over its war in Ukraine, underscoring his frustration with Russian President Vladimir Putin for prolonging fighting between the two sides. Speaking in Scotland, where he is holding meetings with European leaders and playing golf, Trump said he was disappointed in Putin and shortening a 50-day deadline he had set on the issue earlier this month. "I'm going to make a new deadline of about ... 10 or 12 days from today," Trump told reporters during a meeting with British Prime Minister Keir Starmer. "There's no reason in waiting... We just don't see any progress being made." The U.S. president has repeatedly voiced exasperation with Putin for continuing attacks on Ukraine despite U.S. efforts to end the war. Show more Show less


News18
31 minutes ago
- News18
'Can't Fake That': Donald Trump Flags 'Real Starvation' In Gaza, Says US Will Send Food
Donald Trump acknowledged that Gaza was facing "real starvation" as Israel's devastating military offensive has triggered fears of a mass hunger crisis and famine. US President Donald Trump on Monday said he would help with aid efforts in the battered Gaza Strip, acknowledging that the enclave was showing signs of 'real starvation" amid the raging conflict between Israel and Hamas. While speaking to reporters in Scotland alongside British Prime Minister Keir Starmer, Trump said the United States will set up 'food centres" in Gaza to help avert a deepening hunger crisis. 'We're going to set up food centres where the people can walk in — and no boundaries. We're not going to have fences," he said. 'We'll be helping with the food. We got a lot of food ourselves, and we are going to bring it over there. We are also going to make sure that they don't have barriers stopping people. You can see some areas where people are screaming for the food there, and they won't let them in as they have lines set up. We have to get rid of those lines," he added. 'We can save a lot of people. Some of the kids are… that's real starvation. I see it, and you can't fake that. We did some airdrops, and people are running for it. The Prime Minister (UK's Keir Starmer) is going to help us," he added. . @POTUS on Gaza: 'We'll be helping with the food … We're also going to make sure that they don't have barriers stopping people … We can save a lot of people. That's real starvation. I see it, and you can't fake that." — Rapid Response 47 (@RapidResponse47) July 28, 2025 Israel's devastating military offensive in Gaza, in response to Hamas-led attacks on October 7, 2023, that killed over 1,200 people, has killed nearly 60,000 Palestinians and reduced most of the enclave to rubble, triggering outrage over a growing humanitarian crisis. 'It's A Mess' Israel, under immense global outrage, carried out an air drop and announced a series of measures over the weekend to improve access for aid, including daily humanitarian pauses in three areas of Gaza and new safe corridors for convoys. However, UN agencies say those moves are not yet sufficient to alleviate famine-like conditions facing Gazans. Earlier on Monday, Trump said the number one priority in Gaza was getting people fed, because 'you have a lot of starving people", but declined to comment on French President Emmanuel Macron's decision to recognise Palestinian statehood. Trump said the US had provided $60 million for humanitarian aid, and other nations would have to step up. 'We're giving a lot of money and a lot of food, and other nations are now stepping up," he said. 'It's a mess. They have to get food and safety right now." The president also criticised the Hamas militant group for not agreeing to release more hostages, living and dead, and said he had told Israeli Prime Minister Benjamin Netanyahu that Israel's approach would likely have to change, while saying a ceasefire is still possible. Meanwhile, Spain on Monday said it would airdrop 12 tonnes of food into Gaza this week as the threat of famine stalks the Palestinian territory after 21 months of war. (with inputs from agencies) First Published: July 28, 2025, 19:39 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.