logo
TCS Hiring Woes: 600 Lateral Hires Await Onboarding, Write To Govt

TCS Hiring Woes: 600 Lateral Hires Await Onboarding, Write To Govt

News1823-07-2025
Last Updated:
While TCS has maintained that it will honour all job offers, the lack of clarity on timelines has sparked concern across the industry
Tata Consultancy Services (TCS) has reportedly delayed the onboarding of over 600 experienced professionals without prior notice, leaving many of them in a state of uncertainty. While the company has maintained that it will honour all job offers, the lack of clarity on timelines has sparked concern across the industry.
The situation is being viewed as one of the most significant employment challenges in India's IT sector in recent times. Several mid- to senior-level professionals who had accepted offers from TCS now find themselves jobless and financially strained, having already resigned from previous roles in anticipation of joining the company.
TCS has said that onboarding will be carried out in line with business requirements. 'We can confirm that, as always, TCS is committed to honour all offers we have made, whether it is to freshers or experienced professionals. Everyone who has received an offer from TCS will be onboarded. The joining dates are decided as per business demand, and in some cases, they do get adjusted to meet our business needs. We remain in continuous touch with all candidates in these cases and look forward to them joining our company soon," The Economic Times quoted a TCS spokesperson as saying.
The Nascent Information Technology Employees Senate (NITES), an employee welfare body, has written to Union Labour and Employment Minister Mansukh Mandaviya seeking urgent action. In its letter dated July 22, NITES described the delay as 'exploitative" and a 'criminal breach of trust" by one of the country's largest IT employers.
The letter highlights that candidates from cities including Bengaluru, Hyderabad, Pune, Kolkata, Mumbai, and Delhi have been affected. Many of them were told of an indefinite delay only upon reporting for duty and have since received no further communication, revised timelines, or commitments.
NITES has urged the labour ministry to step in and direct TCS to provide a time-bound onboarding plan for the impacted professionals. It has also demanded compensation for the period of delay, access to TCS's Employee Assistance Program (EAP) for mental health support, and alternative role consideration within the organisation.
view comments
First Published:
July 23, 2025, 13:27 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.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Rupee rises 40 paise to 87.25 against US dollar in early trade
Rupee rises 40 paise to 87.25 against US dollar in early trade

News18

time16 minutes ago

  • News18

Rupee rises 40 paise to 87.25 against US dollar in early trade

Mumbai, Aug 1 (PTI) The rupee appreciated 40 paise to 87.25 against the US dollar in early trade on Friday, amid lower crude prices and suspected RBI interventions as the US's imposition of a 25 per cent tariff on Indian exports heightened investors' concerns. Forex traders said the US's imposition of a 25 per cent tariff on Indian exports triggered risk-off sentiment and heightened concerns regarding further rupee depreciation. Moreover, investors are focussed on US President Donald Trump's imposition of new, and mostly higher tariffs on US trading partners beginning August 1. At the interbank foreign exchange market, the rupee opened at 87.60 and touched an early high of 87.25 against the greenback, registering a gain of 40 paise from its previous close. On Thursday, the rupee recovered 15 paise from an all-time low level to close at 87.65 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose by 0.07 per cent to 100.03. 'The dollar headed for its best week in almost three years against its major peers, maintaining a momentum on Friday as Donald Trump imposed new tariff rates on dozens of trading partners," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP. Brent oil prices fell 0.97 per cent to USD 72.53 per barrel as traders digested the impact of new, higher US tariffs that may curtail economic activity and lower global fuel demand. 'On Thursday, the rupee made a low of 87.75 but closed at 87.5950 as RBI stepped in to cool off the market," Bhansali said. 'The Indian rupee, if protected by the Reserve Bank of India (RBI), may soon see levels of 87.00 in the days to come, but needs a close watch and on RBI's presence to keep it in a tightish range," he said. In the domestic equity market, Sensex declined 145.71 points or 0.18 per cent to 81,039.87, while Nifty fell 64.70 points or 0.26 per cent to 24,703.65. Foreign institutional investors (FIIs) offloaded equities worth Rs 5,588.91 crore on a net basis on Thursday, according to exchange data. On the domestic macroeconomic front, the centre's fiscal deficit stood at 17.9 per cent of the full-year target at the end of June, according to data released by the Controller General of Accounts (CGA) on Thursday. It was at 8.4 per cent of the Budget Estimates (BE) of 2024-25 in the first three months of the previous financial year. In absolute terms, the fiscal deficit, or gap between the government's expenditure and revenue, was Rs 2,80,732 crore in the April-June period of the 2025-26 fiscal year. PTI DRR DR DR view comments First Published: August 01, 2025, 10:15 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.

PNB Housing Finance MD & CEO Girish Kousgi resigns
PNB Housing Finance MD & CEO Girish Kousgi resigns

News18

time16 minutes ago

  • News18

PNB Housing Finance MD & CEO Girish Kousgi resigns

Agency: New Delhi, Aug 1 (PTI) PNB Housing Finance Managing Director and Chief Executive Officer Girish Kousgi has announced his resignation and will step down from his role effective October 28, 2025. The board, while accepting his resignation noted that Kousgi will cease to be a director on the board of Directors of PHFL Home Loans and Services Ltd, and PEHEL Foundation — the subsidiaries of the company, with effect from October 28, 2025. In a regulatory filing on Friday, PNB Housing Finance said the company affirms that its strategic priorities, business focus, and growth trajectory remain firmly intact, based on the strong foundation that Kousgi has helped build. R Chandrasekaran, chairman of the nomination and remuneration committee of the board said, the company will initiate a rigorous, transparent and merit-based selection process to appoint a new leader who will further enhance the legacy of PNB Housing Finance. 'We are confident of identifying a suitable professional soon, who will further accelerate our strategic direction and long-term value creation," he said. PNB Housing Finance, promoted by Punjab National Bank, is the third largest housing finance company in India. For the first quarter ended June 30, 2025, the company reported a 23 per cent increase in its net profit to Rs 534 crore, as against Rs 433 crore in the same quarter of the previous year. The company's total income for the quarter grew to Rs 2,082 crore, from Rs 1,832 crore in the corresponding quarter of the previous fiscal year. Interest income for the quarter was higher at Rs 1,980 crore, compared to Rs 1,739 crore a year ago. The net interest income also saw a 17 per cent rise to Rs 760 crore at the end of Q1 2025, as against Rs 651 crore in the year-ago quarter. PTI DP DRR view comments First Published: August 01, 2025, 10:15 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.

US announces 20% tariff on Sri Lankan exports
US announces 20% tariff on Sri Lankan exports

News18

time31 minutes ago

  • News18

US announces 20% tariff on Sri Lankan exports

Agency: PTI Colombo, Aug 1 (PTI) The US has announced a 20 per cent tariff on Sri Lankan exports, marking a 24 per cent reduction from the initial rate proposed for the island nation. As the deadline for tariff negotiations ending on Friday, Sri Lankan officials were continuing talks to seek a further reduction. The tariffs will go into effect on August 7. In April, US President Donald Trump slapped a 44 per cent tariff on Sri Lankan goods, half of the 88 per cent duty Colombo had levied on US imports. The rate was then reduced to 30 per cent last month. Sri Lankan exporters who ship goods worth around USD 3 billion annually to the US were expecting tariffs below 20 per cent to remain competitive with regional rivals such as Vietnam and Bangladesh. PTI CORR GRS GRS GRS 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.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store