Latest news with #LateRatanTata
India.com
a day ago
- Business
- India.com
Ratan Tata's TCS, Narayana Murthy's Infosys, Azim Premji's Wipro, HCLTech; Indian IT companies are sacking employees despite profits due to...
Narayana Murthy, Late Ratan Tata and Azim Premji- File image (Left to right) Major IT companies like TCS, HCLTech and Infosys have announced massive layoffs in the recent weeks despite steady revenue growth, leading to several questions. As per the recent update, major Indian IT companies like TCS, Infosys, Wipro, and HCLTech are cutting jobs and slowing hiring. TCS laid off over 12,000 employees (2%), Infosys paused fresher onboarding, and Wipro is trimming roles selectively. However, readers should note that the layoffs aren't due to financial distress. In fact, the IT companies saw Q1 FY26 saw revenue growth. Why IT companies are doing mass layoffs? Experts say that the traditional headcount-driven growth model is being replaced by automation-led productivity, with GenAI and intelligent platforms reducing dependence on entry-level hiring. Reports also say that the IT firms are abandoning the old pyramid structure, raising the bar for fresher training, and focusing recruitment on niche skills like AI, cloud, and cybersecurity. Consequently, revenue per employee is rising, and bench strength is shrinking, leading to more and more layoffs. Reports also say that the layoffs reflect a strategic pivot toward automation, AI integration, and a more lean, skills-based workforce rather than financial distress. TCS shares trade lower after layoff of 12,200 employees As a result of the lay off news, shares of tech major Tata Consultancy Services (TCS) were trading lower on Monday. As per a report by IANS news agency, the share had slipped 1.7 per cent to an intra-day low of Rs 3,081 on BSE. India's largest IT exporter on Sunday announced plans to lay off around 2 per cent of its global workforce. The IT giant which has a total headcount of 6.13 lakh employees as of June 2025, plans to implement the layoffs across various domains and geographies. In a statement, the company said the layoffs would primarily impact middle and senior grades. TCS CEO K Krithivasan described the decision as 'one of the toughest' he had to make and said it is aimed at making the company 'future-ready and agile' in the face of rapidly evolving technologies and workplace models. (With inputs from agencies)
India.com
2 days ago
- Business
- India.com
Bad news for employees of Ratan Tata's TCS, Satya Nadella's Microsoft, Intel as they plan to sack 50,000 employees due to...
Narayan Murthy and Late Ratan Tata- File image IT sector layoff: In a significant bad news for the global tech and IT sector and its millions of employees , three industry giants, Intel, Microsoft, and Tata Consultancy Services (TCS) have collectively announced over 50,000 job cuts in just one week. Readers should note that the massive layoffs wave mark one of the most significant employment disruptions in recent memory. Here are all the details you need to know about the massive layoff wave in the IT sector. Which IT jobs are under risk? Driven by the rapid adoption of artificial intelligence and shifting business priorities amid a broader push toward cost optimization, the major IT companies are taking the decision to reduce their workforce. The world already knows that Microsoft is planning to cut around 9,100 jobs globally, primarily targeting its Xbox, software, and cloud divisions as the company pivots more aggressively toward AI and flattens management structures. Which IT companies are firing on mass scale? Another major company, Intel, which is facing profitability pressures, is slashing over 5,000 roles across multiple US states as part of its strategy to become leaner and more agile. In another update, Ratan TCS, which is India's largest IT firm is trimming about 2% of its workforce, which may possibly impact more than 12,000 employees, especially at the mid- and senior levels, as automation. Why are IT companies doing mass-layoff? Experts say that these large-scale layoffs highlight a deeper structural shift across the tech industry, where AI is not just a tool but a trigger for disruption. As the IT companies are prioritizing more and more innovation and efficiency, traditional roles which were done by humans are rapidly being redefined or replacement.
India.com
25-06-2025
- Business
- India.com
This company begins sacking employees with..., up to 20% cuts in..., Not Ratan Tata's TCS or Azim Premji's Wipro
Narayana Murthy, Late Ratan Tata and Azim Premji- File image (Left to right) Intel begins layoffs: In a massive setback for Intel employee across the world, the semiconductor manufacturing corporation has reportedly started its first wave of layoffs under the leadership of its new CEO, Lip‑Bu Tan. According to a Worker Adjustment and Retraining Notification (WARN) notice filed with the state of California, Intel plans to lay off 107 employees connected to its headquarters in Santa Clara. Here are all the details you need to know about the recent development and Intel's layoff plan. Intel layoff plan to impact THESE employees Although the roles affected by the layoffs were not officially detailed in the notice, media reports cited by CRN hint that layoff round will likely be a broader restructuring of Intel's chip manufacturing division, impacting 15 to 20 percent of employees. 'As we announced earlier this year, we are taking steps to become a leaner, faster and more efficient company. Removing organisational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution', CRN, an Intel spokesperson confirmed the layoffs. Reasons behind Intel's layoff plan We are making these decisions based on careful consideration of what's needed to position our business for the future, and we will treat people with care and respect as we complete this important work,' the statement said. IndiaAI Mission, Intel India tie up to advance AI capabilities and skilling In another significant development, the India AI Mission, under the Ministry of Electronics and Information Technology (MeitY) recently announced a collaboration with Intel India to advance Artificial Intelligence (AI) capabilities and skilling, as per a report by IANS news agency. The signing of a Memorandum of Understanding between organisations aims to empower youth, professionals, startups, and public sector leaders to harness the potential of AI. It also underscores the shared vision of both organisations to advance AI readiness, enable the AI startup ecosystem, and strengthen AI-led governance in India. (With inputs from agencies)
India.com
22-06-2025
- Business
- India.com
‘Work 10-hours or face performance review'; This major IT company announces new rule, Not Ratan Tata's TCS, Azim Premji's Wipro or Narayana Murthy's Infosys, name is…
Narayana Murthy, Late Ratan Tata and Azim Premji- File image (Left to right) Genpact 10 hours workday update: In a significant update for the employees of Genpact, a major player in the technology and services sector, has introduced a mandatory 10‑hour workday policy effective mid‑June 2025. With the announcement of the new working hour, the company has also instructed that the employees who hit the daily requirement can earn up to Rs 3,000 per month in performance points, but the employees who do not fulfill the criteria might face issues. Here are all the details you need to know about the new rule brought by Genpact. Genpact announced Incentive for employees The company has reportedly announced that those who meet the 10-hour threshold can earn up to 500 points a month, translating to Rs 3,000 in incentives. However, if the employee remains logged in beyond the mandatory 10 hours, employees are rewarded with only a marginal 5 per cent bonus, i.e., Rs 150. 'There's nothing on paper. It's all word of mouth. If anyone challenges it, they're accused of being difficult and risk termination,' a senior recruitment staff member told The Hindu about the policy. Employees express disappointment over new policy '#For10HrLogin – Is this the new standard or a step backward? As professionals striving for excellence, we're no strangers to going the extra mile. But mandating a 10-hour login raises some important questions about work-life balance, productivity, and mental health… Extended login hours can lead to burnout, reduced creativity, and disengagement. I urge leadership to reconsider – is this sustainable, and is it truly what drives growth?' Public outrage on Genpact decision 'Wow @Genpact really said, 'Forget a life outside work!' With 70 per cent of employees earning under 10Lakh/year, they've now blessed you with a 10-hour workday. Add Bangalore's 3-4 hour traffic jam, and poof—14 hours of your day gone! Marriage? Kids? Nah, Genpact's your soulmate now', an user wrote on X criticizing the recent policy brought by Genpact..
India.com
22-06-2025
- Business
- India.com
Bad news for employees of THIS company as these workers may be sacked due to…, Not Ratan Tata's TCS, Azim Premji's Wipro or Narayana Murthy's Infosys
Narayana Murthy, Late Ratan Tata, Azim Premji (Left to right) Massive layoff at Amazon: In a significant bad news for the employees of Amazon, Amazon CEO Andy Jassy has confirmed that the company will gradually reduce its corporate workforce over the next few years. As per the company, key roles like customer service, software development, HR, and middle management can possibly be phased out due to extensive implementation of generative AI and automation tools. Here are all the details you need to know about the possible massive layoff at Amazon. Massive layoff at Amazon The company added that over 1,000 internal AI agents in inventory forecasting to automated seller listing tools are already streamlining operations and the resulting layoffs are expected to occur through natural attrition rather than large-scale cuts. Media reports note that around 14,000 manager-level roles have already been eliminated this year and more layoffs are expected to follow. Amazon India to invest over Rs 2,000 crore in 2025 In another related event, Amazon announced that it will invest over Rs 2,000 crore ($233 million) in 2025 to expand and upgrade operations infrastructure, improve associate safety and well-being programmes, along with developing new tools and technology for its fulfillment network. As per a report by IANS news agency, the new investment builds on top of Amazon's investments in creating an operations network that helps the company deliver to all serviceable pin-codes across the country. 'For over a decade now in India, we have been focused on building the best-in-class logistics infrastructure — designed to deliver with safety, speed, scale, and reliability for our customers across the country,' said Abhinav Singh, VP-Operations, Amazon India and Australia. 'By strengthening our infrastructure capabilities, enhancing processing capacity, and implementing state-of-the-art technology, we're positioning Amazon to better serve customers throughout India while supporting our employees, associates and partners who are the heart of it all,' Singh mentioned. (With inputs from agencies)
