Bad news for Ratan Tata's TCS, loses Rs 6550 crore in just 15 minutes, total loss now Rs 265500000000 after layoff announcement
By early Tuesday, the company's market value (market cap) fell to as low as Rs. 11.07 lakh crore. The news has made many investors worried about what's next for India's biggest IT firm. TCS to lay off 12,000 employees
As of the end of June 2025, TCS had a global workforce of 6,13,069 employees. But now, the company has announced plans to cut 12,000 jobs, mainly targeting mid and senior-level roles. TCS said this move is part of a broader strategy to adjust to future business needs, especially as current market conditions make it hard to keep certain employees on projects.
Despite the job cuts, TCS assured that client services will continue without any disruption. The company also promised that affected staff will get their full notice period salary along with extra exit benefits. In addition, they'll offer extended insurance, counselling, career support, and help during the transition. Legal trouble over TCS new bench policy
TCS is also facing legal challenges from employees over its newly introduced 'bench policy'. According to this rule, workers who are not assigned to any project can remain on the bench for only 35 days in a year. After that, they may face performance reviews. The policy also requires employees to have at least 225 billable days each year. IT hiring slows down across the sector
The entire IT industry is seeing a slowdown. According to data from The Economic Times , hiring by the top 6 Indian IT companies dropped sharply, down more than 72 per cent in the April–June quarter. They hired just 3,847 people, compared to 13,935 in the previous quarter.
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AI image Tariff' Trump has announced a 25% levy on Indian goods entering US starting tomorrow, coupled with a penalty for India's continued oil and defence purchases from Russia. Prefixing his announcement on Truth Social with 'while India is a friend', the US president has sought to punish India for asserting sovereign choices in trade and foreign policy. With friends like this, who needs friends? The irony is poetic: the self-declared custodian of free trade is now its most protectionist offender. Economics is built around the principle of movement: of goods, capital, labour and data. This isn't just ideology, it's the physics of prosperity. Yet, the US, once the world's most vocal advocate for free markets, is, in the form of Trumpland, its most disruptive force. From semiconductor export bans and weaponised sanctions to unilateral tariffs and extraterritorial dictates, Trumpland has turned the global economy into a minefield of exceptions, exclusions and coercion. 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It operates on the consent and cooperation of the rest of the world. This isn't about restoring balance. It's a call to deliberately hit the US economy where it hurts, to expose the double standards that define today's global order. In any functioning market, domestic or global, rules matter not only because they enable exchange but also because they constrain abuse. Participation in global trade is characterised by the principle of mutualism and benefits will flow only as long as responsibilities are this fundamental point, the US' economic bullying undermines not just the trust but the very ethos of the current global economic system. The world, India included, now faces a pivotal question. Should it continue to accommodate this exception, or begin to act as a collective? A coordinated stand by global exporters, in defence of systemic integrity, would affirm that globalisation is not the privilege of a single actor but the shared project of many. 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