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Time of India
4 days ago
- Business
- Time of India
TCS layoffs: No employee has complained, IT firm tells Karnataka labour authority
Academy Empower your mind, elevate your skills Executives of software giant Tata Consultancy Services TCS ) informed Karnataka's labour authorities that they are not aware of the number of employees their management would lay off in various cities. The IT major will now submit its response to an IT union's complaint of labour law violations based on the grievances of affected employees. All the officials will meet again for another conciliation on September the meeting on Wednesday, the TCS management represented by its HR executives, Boban Varghese Thomas, general manager - HR, and Mahesh GK, assistant manager, met the unions and Karnataka's labour department officials to deliberate on the notice from the labour authorities on complaints made by the Karnataka State IT/ITeS Employees Union (KITU).KITU president VJK Nair, general secretary Suhas Adiga, and secretary Sooraj Nidiyanga appeared for the union has been asked to provide the list of complaints they have received from the impacted employees, said a senior official of the Karnataka labour department, who did not wish to be identified.'We believe that any company which makes such decisions needs to be considerate and take care of basic labour rights of the employees, where due process needs to be followed and also be given due compensation. Basic concerns of affected employees must be addressed,' labour department officials and the union representatives will be meeting again in the first week of next labour commissioner (industrial relations) G Manjunath held the conciliation meeting after the union complained of the IT major violating laws under the Industrial Disputes Act , 1947, following its recent employee layoff month, the TCS management announced layoffs of 2% of its total workforce , translating to around 12,000 employees losing their jobs globally. At the meeting, the TCS representatives, who attended on behalf of the TCS management, said the company had yet to start any of the stated they are yet to get clarity on the exact number of employees who could be affected or the city-wise or country-wise breakup of TCS executives also said they don't recognise the KITU and sought to know if they have any specific complaints from any employees being fired. The union members, however, did not produce copies of any complaints but cited media reports.
Time of India
27-07-2025
- Business
- Time of India
TCS to cut 2% of workforce, affecting around 12,000 jobs
Tata Consultancy Services (TCS) plans to lay off approximately 2% of its workforce, impacting over 12,000 employees, due to macro uncertainties and AI-driven disruptions. The company will provide severance packages, outplacement services, and extended benefits to affected employees. This decision follows a decline in job additions across major IT firms and strategic initiatives by TCS to realign its workforce. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's largest IT exporter, Tata Consultancy Services TCS ), has decided to lay off around 2% of its workforce, or roughly over 12,000 employees, over the year as macro uncertainties and AI-led technology disruptions continue to hit business of June end, the Mumbai-headquartered Tata subsidiary employed a workforce of 613,069.'TCS is on a journey to become a future-ready organisation… As part of this journey, we will also be releasing associates from the organisation whose deployment may not be feasible. This will impact about 2% of our global workforce, primarily in the middle and the senior grades, over the course of the year,' the IT giant said in a statement to ET.'This transition is being planned with due care to ensure there is no impact on service delivery to our clients… We understand that this is a challenging time for our colleagues likely to be affected. We thank them for their service and we will be making all efforts to provide appropriate benefits, outplacement, counselling, and support as they transition to new opportunities,' the company affected employees will receive payments for their notice periods along with an additional severance package. TCS will also look to extend insurance benefits and offer outplacement opportunities for the impacted layoff decision comes days after several TCS employees filed legal complaints against the company's recently tweaked employee bench policy, which allows employees only 35 annual days without being deployed on a project and to maintain at least 225 billable days software services companies, with a cumulative revenue of over $283 billion, are among the largest private sector employers, with TCS being the Friday, ET reported that job additions at the top six IT majors saw a decline of over 72% with a mere 3,847 employee additions in the April-June quarter, a drop from 13,935 people who were hired by the six firms in the March also stated it is making strategic initiatives on multiple fronts, including investing in new-tech areas, entering new markets, deploying AI at scale for our clients and ourselves, deepening our partnerships, creating next-gen infrastructure and realigning our workforce this, a number of reskilling and redeployment initiatives have been underway.
Time of India
01-05-2025
- Business
- Time of India
India's creative economy to lead next growth wave, says Adobe CEO at Waves Summit
At Waves 2025, Adobe CEO Shantanu Narayen said India's next growth phase will be driven by creativity, not code, powered by AI. He emphasised local AI models, ethical tech, and creator-led innovation. Adobe also announced partnerships to boost creative education and expand its presence across India. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India's next phase of economic growth will be 'driven by creativity, not code,' as generative AI reshapes storytelling, content creation , and digital production, said Shantanu Narayen, CEO, Adobe Systems 'AI is accelerating and expanding the creative aperture even further across ideation, creation and production. In fact we think that the next unicorns won't be applications, they'll actually be creators and artists ,' he said at the World Audio Visual and Entertainment Summit (WAVES) Summit 2025 in Mumbai on Thursday.'Today there are over 100 million content creators in India, which is reflecting a 10% growth in freelance creatives and small design studios over the last decade,' he the rise of regional content, the boom in gaming, and India's 100 million-strong creator base, Narayen emphasized that AI is enabling hyper-local, real-time content and transforming production workflows in industries like Bollywood and digital also highlighted the need for developing local AI models to create digital sovereignty.'By training models on Indian cultural, linguistic and historical data we have an opportunity to create new forms of digital sovereignty. Models are the foundation and the important part of differentiation and a competitive advantage,' he concluded with a call for India to lead the global conversation on ethical AI. 'Protecting intellectual property is not just a feature, it's a philosophy. Through initiatives like Firefly and content credentials, we're ensuring creators are respected and rewarded.'At the event, Adobe also announced new partnerships with Tata Consultancy Services TCS ), Accenture , and the Indian Institute of Creative Technology to boost AI-powered creative workflows and upskill students across 50+ design institutions.'India is a global powerhouse of innovation,' said Abhigyan Modi, Adobe's SVP & India Country Head, adding that Adobe's expanded footprint includes 8,500 employees across five campuses, with a third campus coming up in Noida by early 2026.
