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Indian moonlighter Soham Parekh reacts to hiring freeze at TCS: ‘Outwork the system'

Indian moonlighter Soham Parekh reacts to hiring freeze at TCS: ‘Outwork the system'

Indian Express6 days ago
Tata Consultancy Services (TCS), India's biggest IT firm, has sent shockwaves through the tech world with its unexpected decision to trim about two per cent of its global workforce, a move that affects more than 12,000 employees. The announcement, seen by many as a response to the growing role of artificial intelligence (AI) in the industry, has sparked debate across the sector.
Alongside the layoffs, TCS has reportedly halted senior-level hiring and suspended annual salary hikes company-wide, as per The Economic Times.
Reacting to the news, tech professional Soham Parekh, infamous for allegedly juggling multiple startup jobs, weighed in with some tough love for fellow workers. In a post on X, he encouraged people to stop relying on companies for stability. 'Don't wait for handouts. Learn fast. Build harder,' he wrote, urging professionals to take charge of their own growth. 'Outwork the system. Outlearn the gatekeepers. Outbuild the giants,' he said in the post.
Don't wait for handouts. Learn fast. Build harder. Your skills are your leverage.
Outwork the system.
Outlearn the gatekeepers.
Outbuild the giants. https://t.co/fYUeSYTJCM
— Soham Parekh (@realsohamparekh) July 29, 2025
TCS has acknowledged that the ongoing job cuts are largely impacting employees in mid- and senior-level roles, adding that bringing in replacements for these positions isn't part of their current plan.
In a statement, the company said, 'Several reskilling and redeployment programs have been in progress. However, some associates will be released as their roles cannot be restructured to match future demands.'
Earlier this month, Parekh found himself at the center of a storm after allegations surfaced that he was juggling roles at multiple startups, simultaneously.
The issue caught public attention when Suhail Doshi, co-founder of Playground A and Mixpanel, accused Parekh on X of targeting Y Combinator-backed companies and inflating his resume with fabricated accomplishments.
Responding to the backlash, Parekh admitted to his mistakes, saying, 'I'm not proud of what I've done… But financial circumstances. No one really likes to work 140 hours a week, but I had to do it out of necessity.' He described his actions as a result of being in a 'dire' situation, rather than a deliberate attempt to deceive.
Many netizens reacted to the post in the comments. An individual wrote, 'I am 100% with you. This applies to students as well in higher secondary and college as much it applies to us who are working. We need learn how to build products and skills using AI. We have to be adaptive and robust.'
Another person commented, 'Interesting take… but true leverage comes from spotting unmet needs, then rapidly prototyping solutions, imo. Building alone isn't enough.'
A third user said, 'And learn what?? Please don't say AI ,its a very broad term or industry,please be specific. I am really curious to learn something that will be relevant in future.'
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Bullish IPO debut: Peter Thiel-backed crypto giant targets $4.2B valuation—is the new crypto wave knocking on Wall Street's door?
Bullish IPO debut: Peter Thiel-backed crypto giant targets $4.2B valuation—is the new crypto wave knocking on Wall Street's door?

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  • Economic Times

Bullish IPO debut: Peter Thiel-backed crypto giant targets $4.2B valuation—is the new crypto wave knocking on Wall Street's door?

Synopsis Bullish IPO 2025 is making headlines as the Peter Thiel-backed crypto exchange prepares for a massive $4.2 billion debut on the NYSE. With strong support from Wall Street giants like J.P. Morgan and interest from BlackRock and ARK, Bullish is setting the tone for a new era of institutional crypto investing. The company's regulatory-compliant model, massive $3B+ asset reserve, and strategy to convert IPO funds into stablecoins make it stand out. Backed by CoinDesk and built for serious traders, Bullish could redefine crypto's role in traditional finance. Reuters Bullish, the Peter Thiel-backed crypto exchange, is officially stepping onto Wall Street with a bold IPO move. Targeting a massive $4.2 billion valuation, the company plans to raise up to $629 million by offering over 20 million shares on the New York Stock Exchange under the ticker BLSH. With major underwriters like J.P. Morgan and Citi onboard, this listing marks one of the most significant U.S. crypto IPOs in years—signaling what could be the start of a powerful new wave for digital asset firms in public markets. Bullish aims for Wall Street spotlight with major IPO as crypto markets rebound- Bullish, the cryptocurrency exchange backed by billionaire tech mogul Peter Thiel, is gearing up for a major move on Wall Street, targeting a $4.2 billion valuation in its highly anticipated IPO debut on the New York Stock Exchange (NYSE). This IPO marks one of the most significant crypto stock market listings since Coinbase's 2021 launch and signals a new chapter for digital assets in the public investment space. As institutional investors warm up to crypto again, thanks to clearer U.S. regulations, Bullish's entry into the stock market could set the tone for the next wave of crypto IPOs in 2025. Bullish plans to raise up to $629 million through its U.S. IPO by offering approximately 20.3 million shares to the public, priced between $28 and $31 per share. There's also a 30-day option for underwriters to purchase an additional 3.05 million shares, potentially pushing the total raised even higher. The IPO, which will trade under the ticker 'BLSH', is being led by major investment banks J.P. Morgan, Citigroup, and Jefferies. This trio of top-tier underwriters signals strong Wall Street confidence in Bullish's business model and long-term vision. The timing of this IPO couldn't be more strategic. After years of uncertainty, the U.S. crypto space is finally finding its regulatory footing. The recent passage of the GENIUS Act, which sets out clear rules for stablecoins and crypto exchanges, is boosting investor confidence across the board. Bullish, unlike many other platforms, has focused on full regulatory compliance, institutional-grade operations, and financial transparency—three things that traditional investors now demand in the post-FTX world. The exchange's emphasis on security, deep liquidity, and asset transparency gives it a competitive edge as it enters public markets. Bullish is not your average crypto exchange. Unlike Robinhood, Binance, or meme coin-centric platforms, Bullish is built for institutional trading. It offers deep order books, high liquidity, and secure asset custody systems that attract professional traders and large institutions rather than speculative retail players. One standout feature is its ownership of CoinDesk, a top-tier crypto media company acquired in 2023 for about $70 million. This allows Bullish to not only operate as a trading platform but also influence the narrative in crypto markets through strategic media visibility—something no other exchange has done at this scale. The presence of Peter Thiel as a lead backer adds significant weight to Bullish's reputation. As co-founder of PayPal and Palantir, Thiel's involvement lends Bullish the same disruptive tech DNA that made those firms Wall Street successes. Bullish is also supported by a powerful syndicate of investors, including Founders Fund, Galaxy Digital, and Japanese banking giant Nomura. This global backing gives the exchange both geographic reach and financial clout—two key advantages as it scales operations post-IPO. Unlike many companies that simply add IPO funds to their balance sheet, Bullish plans a more strategic move. A large portion of the net IPO proceeds will be converted into U.S. dollar-backed stablecoins, helping to reduce exposure to crypto market volatility and enhance overall platform liquidity. This decision aligns with the provisions of the GENIUS Act, showing regulators and investors alike that Bullish is serious about stable, compliant growth. As of its IPO filing, Bullish holds a massive $3+ billion in liquid assets. That includes: 24,000 Bitcoin (BTC) 12,600 Ethereum (ETH) Over $400 million in stablecoins and cash This robust balance sheet gives Bullish a serious financial advantage over many of its peers, enabling it to offer better pricing, handle larger trades, and remain resilient during market downturns. Back in 2021, Bullish had attempted to go public via a SPAC merger with Far Peak Acquisition Corp, which would have valued the company at $9 billion. That deal was eventually scrapped in 2022 amid crypto market instability and unclear regulations. Now, with stronger financials and regulatory clarity, Bullish is taking a more realistic approach. Its current IPO target of $4.2 billion may be lower than past ambitions, but it's far more aligned with today's market environment and investor expectations. Institutional appetite for Bullish shares appears to be heating up. Both BlackRock and ARK Investment Management have expressed non-binding interest in investing up to $200 million at the IPO price. While not yet confirmed, this level of potential commitment from two of the world's most influential asset managers is a major vote of confidence. If these firms follow through, Bullish could attract even more institutional attention—and likely outperform expectations in its debut week on the NYSE. This IPO could set the stage for a new wave of crypto companies entering the U.S. public markets. Industry leaders like Circle, eToro, Kraken, and OKX are reportedly preparing IPOs of their own, and Bullish's performance will likely become a benchmark for the entire sector. Investors, regulators, and crypto advocates alike will be watching closely to see if Bullish can bridge the gap between traditional finance and digital assets—something many platforms have tried and failed to do. Bullish confidentially filed with the SEC in June and made its public filing on August 4, 2025. The IPO roadshow began shortly after, with pricing expected in the week of August 11, according to industry insiders. With the listing set for later in August, the next few weeks will be critical for final investor commitments and pricing momentum. The Bullish IPO is shaping up to be one of the most important tech listings of 2025—not just for crypto, but for the broader financial sector. Backed by elite investors, flush with liquidity, and positioned perfectly in a newly compliant U.S. regulatory framework, Bullish has all the ingredients of a breakout success. Whether you're a long-term crypto believer or a traditional investor exploring digital assets for the first time, Bullish stock is one to watch closely. It's more than a crypto company—it's a financial infrastructure play, and one that could help shape the future of how digital assets trade, move, and are regulated in mainstream markets. Company : Bullish Global : Bullish Global IPO Valuation Target : $4.2 billion (fully diluted at $31/share) : $4.2 billion (fully diluted at $31/share) Ticker Symbol : BLSH (NYSE) : BLSH (NYSE) Price Range : $28–$31 per share : $28–$31 per share Shares Offered : 20.3 million (plus 3.05 million overallotment) : 20.3 million (plus 3.05 million overallotment) Capital Raised (Est.) : Up to $629 million : Up to $629 million Lead Underwriters : J.P. Morgan, Citigroup, Jefferies : J.P. Morgan, Citigroup, Jefferies Use of Proceeds : Conversion into stablecoins, liquidity enhancement : Conversion into stablecoins, liquidity enhancement Institutional Interest : BlackRock, ARK (non-binding interest up to $200 million) : BlackRock, ARK (non-binding interest up to $200 million) Liquid Assets : $3B+ (BTC, ETH, cash, stablecoins) : $3B+ (BTC, ETH, cash, stablecoins) CoinDesk Acquisition: Completed in 2023 (~$70M) If Bullish delivers on its promises, this IPO could become a pivotal moment in crypto's path to institutional acceptance and long-term sustainability. Q1: What is the Bullish IPO 2025 all about? It's a crypto exchange backed by Peter Thiel going public with a $4.2B valuation on NYSE. Q2: Why is Bullish's IPO getting attention from investors? Because it's fully regulated, holds $3B+ in assets, and is backed by BlackRock and ARK.

Bullish IPO debut: Peter Thiel-backed crypto giant targets $4.2B valuation—is the new crypto wave knocking on Wall Street's door?
Bullish IPO debut: Peter Thiel-backed crypto giant targets $4.2B valuation—is the new crypto wave knocking on Wall Street's door?

Time of India

time16 minutes ago

  • Time of India

Bullish IPO debut: Peter Thiel-backed crypto giant targets $4.2B valuation—is the new crypto wave knocking on Wall Street's door?

Bullish IPO 2025 is making headlines as the Peter Thiel-backed crypto exchange prepares for a massive $4.2 billion debut on the NYSE. With strong support from Wall Street giants like J.P. Morgan and interest from BlackRock and ARK, Bullish is setting the tone for a new era of institutional crypto investing. The company's regulatory-compliant model, massive $3B+ asset reserve, and strategy to convert IPO funds into stablecoins make it stand out. Backed by CoinDesk and built for serious traders, Bullish could redefine crypto's role in traditional finance. Bullish, the Peter Thiel-backed crypto exchange, is officially stepping onto Wall Street with a bold IPO move. Targeting a massive $4.2 billion valuation , the company plans to raise up to $629 million by offering over 20 million shares on the New York Stock Exchange under the ticker BLSH . With major underwriters like J.P. Morgan and Citi onboard, this listing marks one of the most significant U.S. crypto IPOs in years—signaling what could be the start of a powerful new wave for digital asset firms in public markets. Tired of too many ads? Remove Ads Bullish looks to raise up to $629 million in IPO Crypto market recovery and regulatory clarity fuel investor interest Tired of too many ads? Remove Ads What sets Bullish apart from other crypto exchanges Backing from Peter Thiel and other heavyweight investors adds credibility Bullish plans to convert IPO proceeds into stablecoins to boost liquidity Bullish already holds $3 billion in liquid assets Tired of too many ads? Remove Ads 24,000 Bitcoin (BTC) 12,600 Ethereum (ETH) Over $400 million in stablecoins and cash Lower IPO valuation reflects realism and maturity Big names like BlackRock and ARK are showing early interest What Bullish's IPO means for the future of crypto stocks Roadshow underway, pricing expected mid-August Why investors should keep a close eye on Bullish Key IPO details at a glance: Company : Bullish Global : Bullish Global IPO Valuation Target : $4.2 billion (fully diluted at $31/share) : $4.2 billion (fully diluted at $31/share) Ticker Symbol : BLSH (NYSE) : BLSH (NYSE) Price Range : $28–$31 per share : $28–$31 per share Shares Offered : 20.3 million (plus 3.05 million overallotment) : 20.3 million (plus 3.05 million overallotment) Capital Raised (Est.) : Up to $629 million : Up to $629 million Lead Underwriters : J.P. Morgan, Citigroup, Jefferies : J.P. Morgan, Citigroup, Jefferies Use of Proceeds : Conversion into stablecoins, liquidity enhancement : Conversion into stablecoins, liquidity enhancement Institutional Interest : BlackRock, ARK (non-binding interest up to $200 million) : BlackRock, ARK (non-binding interest up to $200 million) Liquid Assets : $3B+ (BTC, ETH, cash, stablecoins) : $3B+ (BTC, ETH, cash, stablecoins) CoinDesk Acquisition: Completed in 2023 (~$70M) FAQs: Bullish, the cryptocurrency exchange backed by billionaire tech mogul Peter Thiel, is gearing up for a major move on Wall Street, targeting a $4.2 billion valuation in its highly anticipated IPO debut on the New York Stock Exchange (NYSE). This IPO marks one of the most significant crypto stock market listings since Coinbase's 2021 launch and signals a new chapter for digital assets in the public investment institutional investors warm up to crypto again, thanks to clearer U.S. regulations, Bullish's entry into the stock market could set the tone for the next wave of crypto IPOs in plans to raisethrough its U.S. IPO by offering approximatelyto the public, priced betweenper share. There's also a 30-day option for underwriters to purchase an additional, potentially pushing the total raised even IPO, which will trade under the ticker, is being led by major investment banks, and. This trio of top-tier underwriters signals strong Wall Street confidence in Bullish's business model and long-term timing of this IPO couldn't be more strategic. After years of uncertainty, the U.S. crypto space is finally finding its regulatory footing. The recent passage of the GENIUS Act, which sets out clear rules for stablecoins and crypto exchanges, is boosting investor confidence across the unlike many other platforms, has focused on full regulatory compliance, institutional-grade operations, and financial transparency—three things that traditional investors now demand in the post-FTX world. The exchange's emphasis on security, deep liquidity, and asset transparency gives it a competitive edge as it enters public is not your average crypto exchange. Unlike Robinhood, Binance, or meme coin-centric platforms, Bullish is built for institutional trading. It offers deep order books, high liquidity, and secure asset custody systems that attract professional traders and large institutions rather than speculative retail standout feature is its ownership of CoinDesk, a top-tier crypto media company acquired in 2023 for about $70 million. This allows Bullish to not only operate as a trading platform but also influence the narrative in crypto markets through strategic media visibility—something no other exchange has done at this presence of Peter Thiel as a lead backer adds significant weight to Bullish's reputation. As co-founder of PayPal and Palantir, Thiel's involvement lends Bullish the same disruptive tech DNA that made those firms Wall Street is also supported by a powerful syndicate of investors, including Founders Fund, Galaxy Digital, and Japanese banking giant Nomura. This global backing gives the exchange both geographic reach and financial clout—two key advantages as it scales operations many companies that simply add IPO funds to their balance sheet, Bullish plans a more strategic move. A large portion of the net IPO proceeds will be converted into U.S. dollar-backed stablecoins, helping to reduce exposure to crypto market volatility and enhance overall platform decision aligns with the provisions of the GENIUS Act, showing regulators and investors alike that Bullish is serious about stable, compliant of its IPO filing, Bullish holds a massive $3+ billion in liquid assets. That includes:This robust balance sheet gives Bullish a serious financial advantage over many of its peers, enabling it to offer better pricing, handle larger trades, and remain resilient during market in 2021, Bullish had attempted to go public via a SPAC merger with Far Peak Acquisition Corp, which would have valued the company at $9 billion. That deal was eventually scrapped in 2022 amid crypto market instability and unclear with stronger financials and regulatory clarity, Bullish is taking a more realistic approach. Its current IPO target of $4.2 billion may be lower than past ambitions, but it's far more aligned with today's market environment and investor appetite for Bullish shares appears to be heating up. Both BlackRock and ARK Investment Management have expressed non-binding interest in investing up to $200 million at the IPO price. While not yet confirmed, this level of potential commitment from two of the world's most influential asset managers is a major vote of these firms follow through, Bullish could attract even more institutional attention—and likely outperform expectations in its debut week on the IPO could set the stage for a new wave of crypto companies entering the U.S. public markets. Industry leaders like Circle, eToro, Kraken, and OKX are reportedly preparing IPOs of their own, and Bullish's performance will likely become a benchmark for the entire regulators, and crypto advocates alike will be watching closely to see if Bullish can bridge the gap between traditional finance and digital assets—something many platforms have tried and failed to confidentially filed with the SEC in June and made its public filing on August 4, 2025. The IPO roadshow began shortly after, with pricing expected in the week of August 11, according to industry the listing set for later in August, the next few weeks will be critical for final investor commitments and pricing Bullish IPO is shaping up to be one of the most important tech listings of 2025—not just for crypto, but for the broader financial sector. Backed by elite investors, flush with liquidity, and positioned perfectly in a newly compliant U.S. regulatory framework, Bullish has all the ingredients of a breakout you're a long-term crypto believer or a traditional investor exploring digital assets for the first time, Bullish stock is one to watch closely. It's more than a crypto company—it's a financial infrastructure play, and one that could help shape the future of how digital assets trade, move, and are regulated in mainstream Bullish delivers on its promises, this IPO could become a pivotal moment in crypto's path to institutional acceptance and long-term a crypto exchange backed by Peter Thiel going public with a $4.2B valuation on it's fully regulated, holds $3B+ in assets, and is backed by BlackRock and ARK.

Cryptocurrency Exchange Bullish files IPO to raise $629M by offering over 20 million shares; check price range and other details
Cryptocurrency Exchange Bullish files IPO to raise $629M by offering over 20 million shares; check price range and other details

Time of India

timean hour ago

  • Time of India

Cryptocurrency Exchange Bullish files IPO to raise $629M by offering over 20 million shares; check price range and other details

Cryptocurrency platform Bullish has officially filed an initial public offering (IPO) with the US Securities and Exchange Commission (SEC) on Monday (August 4, 2025), seeking to raise $629.3 million by offering 20.3 million shares priced between $28 and $31 each. The latest IPO filing marks the Peter Thiel-backed crypto firm's second attempt to go public in four years. Bullish is targeting a valuation of up to $4.23 billion in its United States listing, the company said in a filing. According to news agency Reuters, companies leveraging crypto and related technologies have rallied on friendly policymaking from the Trump administration, such as the recent passage of the GENIUS Act, which provides an initial regulatory framework for stablecoins. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program At the top of its proposed range, the crypto exchange is set to list at a more than 52% discount to its $9 billion valuation target in a 2021 blank check merger that it called off in 2022, citing regulatory hurdles. Bullish plans to convert a significant portion of the IPO proceeds to U.S.-dollar-denominated stablecoins with the assistance of one or more issuers of such tokens, it said in the filing. Major stablecoin issuer Circle Internet had a blowout debut on the NYSE in June 2025 and currently trades at more than 400% of its IPO price. Reuters reported. INVESTOR FOCUS Bullish, whose CEO Thomas Farley previously served as president of the New York Stock Exchange, operates a crypto-trading exchange targeting institutions. Live Events It also operates a crypto news website, CoinDesk, which it acquired from Barry Silbert's Digital Currency Group in 2023. Bullish swung to a $349 million loss for the quarter ended March 31, compared with a profit of $105 million a year earlier, reflecting a fall in fair value of its crypto holdings. Meanwhile, Coinbase, the largest public crypto exchange, reported a drop in second-quarter adjusted profit on Friday (August 1, 2025) due to a slowdown in trading, which dragged its shares down nearly 17%, even though the company recorded portfolio gains. Some investors tend to overlook the impact of quarterly swings in crypto prices when evaluating such companies, analysts have said. According to Renaissance Capital's Kennedy, investors will focus on "how efficient (bullish) and how profitable it is as a pure exchange, without the impact of quarterly price changes." Bullish aims to list on the NYSE under the symbol "BLSH." J.P. Morgan, Jefferies, and Citigroup are the lead underwriters.

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