TCS Share Price Live Updates: TCS Closes at Rs 3063.9
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Time of India
18 minutes ago
- Time of India
TCS layoffs mark end of one IT era, and the start of another
'The future is already here; it's just not evenly distributed,' goes the famous quote. Well, neither are job losses — or so the 12,000 laid-off employees of TCS might be ruefully thinking as they packed their personal effects, while simultaneously reading about the $100m salaries that Mark Zuckerberg was dangling to lure AI researchers to his company. There has been a spate of layoffs in tech companies, with Microsoft firing 15,000 employees, Intel 5,000, and Meta and Amazon joining the party. Much of the losses were ascribed to AI, which is driving workforce efficiencies and empowering one human to do the job of many. Till now, most of the layoffs were happening in far-off places like the US and Europe, but the TCS announcement that it was letting go 2% of the workforce brought this phenomenon closer home. Companies like TCS have traditionally been seen as a safe harbour, the closest to a 'govt job' in terms of stability and tenure. It had remained so through the dotcom bust, the financial crisis and others. But now, with the advent of AI, the myth seems to be busted. While TCS is the most prominent example, it is not alone. Big consulting firms are 'streamlining' their workforce, other big IT services firms are making disturbing noises, and job portals are teeming with tech workers' resumes. TCS has gone to great lengths to not pin the blame on AI. But the subtext of terms like 'a skill mismatch' and 'future-ready' is hard to ignore. In many ways, this has been a long time coming. The IT services model of cost-arbitrage, deploying vast armies of coders and consultants at lower cost, has been in its twilight era for a while. AI just accelerated the trend, disrupting the existing linear model where more projects meant hiring more people. Now, a human analyst and a few AI agents working together can potentially do what ten analysts once did. In its place, a new kind of IT services firm is emerging — leaner, AI-native, and outcome-focused. These firms will not hire a thousand freshers to handle client reports or debug software, but deploy a small team of AI-literate experts and a suite of autonomous agents to do the job faster, cheaper, and often better. We are seeing early glimpses already, with new services startups using agents like Cursor or Devin, legal firms operating with Harvey, and research teams powered by Perplexity and NotebookLM. The societal impact of this transition in India will be immense. The whole education model of training young people in STEM skills to then place them in some IT company ensuring a stable career with a decent salary is under threat. However, this tectonic shift presents as great an opportunity as the magnitude of the threat. This is especially true for younger, entry-level employees, since 'breaking first is the bottom rung of the career ladder' as Aneesh Raman, the chief economic opportunity officer at LinkedIn, wrote. However, with every crisis, including this one, comes great opportunity. These are five things I believe young people should do in this inevitable age of AI: Leapfrog with AI: The definition of literacy now includes the ability to work fluently and naturally with AI tools and agents. If you know how to, you can take AI's help to do jobs the seniors traditionally did and jump straight to the second or third rung of the job ladder. In a recent post, for example, a tech founder offered a programmer with 2-5 years of experience a Rs 1 crore salary — qualifications and experience were not important, just the use of AI to code. Study humanities with STEM: Prompting is about knowledge, creativity, critical thinking, literature and grammar — core humanities skills. As answers become a commodity with AI, questions or 'prompts' will become the differentiator. Don't just join a company, build one: There has been no better time to create a company with AI tools, agents, and 'vibe coding' available to everyone. It is the age of one-person unicorns — one human and a thousand AI agents building billion-dollar startups. Build a career portfolio: Don't do just one thing. Be a product designer who also writes; a digital marketer who teaches music; a coder who also runs a pet shop. With AI, one company, many employees will give way to one employee with many companies. Build your personal brand: Do not depend on where you work for your identity; leverage AI to build your own through the talents you have or learn. You will never be out of paying work. As Microsoft CEO Satya Nadella put it: 'AI is not here to replace humans. It is here to remove the barriers that prevent humans from doing their best work.' This crisis gives us the opportunity to do precisely that. (Jaspreet Bindra is the founder of AI&Beyond. His latest book is 'Winning With AI: Your Guide to AI Literacy') Facebook Twitter Linkedin Email Disclaimer Views expressed above are the author's own.
Economic Times
2 hours ago
- Economic Times
M-cap of 6 of top 10 most-valued firms erodes by Rs 1.36 lakh crore; RIL hit hard
The combined market valuation of six of the top 10 valued firms eroded by Rs 1,36,151.24 crore last week, with Reliance Industries taking the biggest hit, following a bearish trend in equities. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The combined market valuation of six of the top 10 valued firms eroded by Rs 1,36,151.24 crore last week, with Reliance Industries taking the biggest hit, following a bearish trend in losing streak for the sixth consecutive week, the BSE benchmark dropped 742.12 points or 0.92 per cent, and the NSE Nifty declined 202.05 points or 0.82 per the top 10 pack, Reliance Industries, HDFC Bank Infosys and Hindustan Unilever faced erosion in their valuations while Tata Consultancy Services (TCS), State Bank of India Life Insurance Corporation of India (LIC) and Bajaj Finance were the valuation of Reliance Industries tumbled Rs 34,710.8 crore to Rs 18,51,174.59 crore. HDFC Bank 's market capitalisation (mcap) tanked Rs 29,722.04 crore to Rs 15,14,303.58 mcap of ICICI Bank fell by Rs 24,719.45 crore to Rs 10,25,495.69 crore, and that of Infosys dropped by Rs 19,504.31 crore to Rs 5,91,423.02 valuation of Bharti Airtel declined by Rs 15,053.55 crore to Rs 10,59,850.32 crore, and that of Hindustan Unilever by Rs 12,441.09 crore to Rs 5,87,021.88 the mcap of LIC jumped Rs 17,678.37 crore to Rs 5,77,187.67 crore. The valuation of TCS climbed Rs 11,360.8 crore to Rs 10,97,908.66 Bank of India added Rs 9,784.46 crore, taking its valuation to Rs 7,42,649.34 crore, and that of Bajaj Finance went up by Rs 186.43 crore to Rs 5,45,148.52 Industries remained the most valued firm, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Hindustan Unilever, LIC and Bajaj Finance.
India.com
2 hours ago
- India.com
Bharti Airtel hits massive JACKPOT, surpasses Tata's biggest company to become..., Mukesh Ambani's Reliance holds top spot, HDFC bank ranks...
Good news for Airtel users, now get Perplexity Pro AI annual subscription worth Rs 17000 for FREE, offer open to customers using..., here's how to claim it New Delhi: Bharti Airtel, one of India's largest telecom companies, has achieved a major milestone. According to the reports, Airtel has surpassed Tata Consultancy Services (TCS), the largest company of the Tata Group, to claim the third position in terms of market capitalization. Airtel's shares spiked by 1 percent, taking its market cap to Rs 11.45 lakh crore, which is over Rs 2,220 crore higher than that of TCS on Monday. Which company is at number one? Reliance Industries (RIL) is still the most valuable company in terms of market capitalization. The company owns a market capitalization of Rs 19.3 lakh crore. Reliance is followed by HDFC Bank with a market cap of Rs 15.3 lakh crore. Airtel has now replaced TCS to become the third most valuable company. Airtel's market capitalization has jumped by Rs 2 lakh crore this year. Here are some of the key details: Airtel has become the second-largest company in the Nifty50 after Reliance Industries. As for TCS, it has been facing a decline in market value. The drop in the market is attributed to weakness in the US markets and concerns related to AI. Reliance Industries (RIL) is still the most valuable company in terms of market capitalization. Reliance is followed by HDFC Bank with a market cap of Rs 15.3 lakh crore. Earlier, in 2009, Airtel had overtaken TCS, but at that time TCS was not in the third position. Several brokerage firms, including Jefferies, have given a bullish outlook on Airtel. They have described Airtel as an attractive investment option in light of India's growing consumption. Their estimate is that Airtel's earnings will continue to grow further, and its shares are likely to rise. It is important to note as of March 2025, Airtel had a total of 609.44 crore outstanding shares, including 39.23 crore partly-paid shares. So far this year, Airtel's shares have seen a 20.2 percent increase, while TCS shares have fallen by 22 percent.
