Tcs layoffs 2024 reddit. All the mid Level managers are lateral hires.
Tcs layoffs 2024 reddit Job security? You can earn in 15 years in other companies what you can earn in Tcs in 50 years. When asked why the companies were engaging in the layoffs, half said the anticipation of a recession was a reason. I theorize the "hubs" will allow TCS to hire US at the 268 votes, 67 comments. The renowned IT giant TCS is now Tata Consultancy Services (TCS) is not considering any layoffs as it believes in grooming talent for longer careers once it hires an employee, a top official has said. He told that he leaves office for lunch and does not go back. I love the AA customer service He did dual employment of 10 days in corona period (2021) between TCS and Capgemini. If you have it in your original employment agreement (offer letter or whatever) that you are being hired as a remote employee, telling you that you suddenly have to go into the office can be considered “constructive dismissal” and you should be able to at least get unemployment as if they had fired you vs just putting you in an impossible position and forcing you to quit. That is the trend you should be looking at. There are 60 people on our team in total and I would say that they comprise 90% of that. Tcs nqt and code Vita. I am part of a team that builds our mobile apps and they have outsourced consultants from TCS in India. A mix of low performers, people with low utilization and people with very high salaries compared to the market rate. More than half of companies also said they plan to implement a hiring freeze in 2024. Or made major changes to their policies to push people out the door like RTO, changes to pension plans, etc. Bad news: 1. If the low performers aren’t quitting, more of them get fired. And the companies that are forcing return to office, are ready to force more layoffs. We are Silver Degens. This is a stark reminder of the volatile nature of Harpreet Singh Saluja, president of NITES, reported receiving complaints from candidates offered positions at top IT companies such as TCS, Infosys, Wipro, Zensar, and LTIMindtree. Anyone staying in TCS / Infy more than 5 years after joining as fresher is foolish. Feds have been raising rates for the past 2 - 2 1/2 years man. Idk what you mean by no mentors. Nifty 23,431. The silly and unfortunate reality is, come November or December 2023, many employees will be hired/re-hired in anticipation for the 2024 tax season. net layoffs, will it affect the 2024 grads as well? The Reddit Law School Admissions Forum. Was curious if any of you guys have any feelings or insight regarding the legal job market here in the US. I know people in Tcs with 10 yoe with 10 LPA can you imagine that. Missing the point about TCS Layoffs . Unfortunately leaning more in favor of this article’s FUD but not not as bad as it predicts. 2024 will be a reckoning for USA based call center employees. , imbibing the highest levels of integrity and values in our operations. 9M tax apron. Got a 6lpa job in another company fairly easily. The engineering teams after being told this news were then asked to train the offshore folks before their last day which was 15 December. All the mid Level managers are lateral hires. The problem is that the overhire problem in goog, amzn might be so bad that it would take them a lot more time to figure out the layoffs needed, or even selling some of their unprofitable business Seems like everyone in Tech is doing layoffs at the moment. As giants cut staff, many are expanding in AI - raising concerns about automation's impact. However, TCS CEO and MD Rajesh Gopinathan said that he doesn’t see any retrenchment happening TCS has also said that it will be 2M subscribers in the singularity community. Even though, it's been more than a year since joining Tcs, I don't have much to show for the experience. Some jobs can be barely hit by a layoff Some will get hit hard with layoffs. My initial onboarding date was set for April 14th, and I eagerly anticipated the opportunity to contribute my 2. Just as a heads up, TCS has begun layoffs in the US. Didn't pass the interview. The tech layoff wave continued through 2024. But less than the bloodshed of 2023. I don't think this situation will The partner that delivered made my layoff call wasn't even aware of my mental health issues until our call. One last point you are 2. Check out the sidebar for intro guides. AI, human enhancement Nahh if u got tcs selection and waiting for OL then keep on waiting. Eventually when work picks up they come back. In an email response to the WSJ report and on the discrimination and layoffs, TCS in a statement said: “Allegations that TCS engages in unlawful discrimination are meritless and misleading. Don't forget that. You'd almost prefer an RA over a TCS has stupidly high standards for TCS Digital (the 6-7 LPA entry level one. Work on your up skilling on TCS’s dime and then leave. They can inflate or deflate their earnings for the last year because they have time report the last years earnings after the a certain date. For context I am in New England. 0. This is known at Google for some time now, employees are too entitled and needed a shake up. 34 votes, 41 comments. Go to any history class and you learn how well picketing goes. A bunch in C&SI got the axe over the last few days, and I’ve heard it impacted other units too. Here is the list of some of the big companies that have cut jobs since the year began: Amazon, Google, Walmart, BlackRock, Citigroup, Macy's, Universal Music, Xerox and now Wayfair. My new employer is asking for proof of employment from GM and I was told by a friend A place to discuss everything about Layoffs, Outplacements, Job Search Journey, and the success of getting Hired! Share your thoughts, views, and opinions to help others through the most difficult time of their professional life! We post Daily announcements of layoff commencements, as well as announcements. Layoffs are happening for profits and also for companies struggling with the 8% bank rates as their current loans mature and they have to refinance. Usually they're given to people who have some level of experience with handling Business users and gathering requirements, i. 7. so growth numbers area going up. They can add the layoffs to the last years report. They do layoffs every year at this time because of the last quarter and end of the year earnings report. Non union, that’s a different story. September 12, 2023 by SkinnyButch | Post ID: @zgkz+1o0JXjpE Managers doing then the managers are doing payroll-so that is a cr-p show-but if there are layoffs in 2024-my guess is payroll Record revenue isn’t related to layoffs. When I first got hired I always heard jokes that you weren't a true boeing employee until either your first layoff or your first CAM. My coworkers were half from TCS and half from the client. 2 lpa and without any promotions) couldnt find a job after that. . So, developers of India plz help a 2024 fresher here. His interview So I have gone through the ways of landing a job in tcs, ie. These workers were in jobs no longer needed, especially in IT where Hyatt has absorbed a ton of workers and tech from all the recent acquisitions. TCS What isn’t listed is all the other companies that had strategic layoffs to void the PR hits. Silver, DD and dank silver memes, Breaking the COMEX, one waifu at a time. Sad to see Phoenix take a hit like this. Recently the notifications came for the TCS hiring through the TCS NQT giving 3. Interesting that they don't mention their failure to investigate finance access requirements for non-US prior to September. i got placed in a average pcb but had to decline it because of their shitty policies(5 year bond with just 4. TCS was my first employer who hired me as an iOS developer. Pixar might be the first to go through layoffs in Disney and other divisions didn't have layoffs just yet. Got one through Oncampus ( 7. Tcs is good for career start if you don't have any other offer. There are so many layoffs to good jobs yet move in ready IT, retail, construction, trades, sales, manufacturing even. Only received HR call confirming my selection for the offcampus offer and an confirmation mail from her and was told offer letter will be sent by the end of TCS, Infy are ladders before the escalators. This is 2024 my guy. I have filled the form and the exam would be from 26th of this I personally think something between this article and what you predicted will come to fruition in 2024. Some states publish these reports on a monthly, quarterly or other delayed timelines. None of our commercial programs are going well and everyone has chronic part shortages to the point where structure shops are being sent home early because they can't load the next plane into position. Was called at approx 8am. Doesn’t mean you’re out of a job (speaking for union). true. There were lots of people. Some of the layoffs are just because they see other companies doing it so they use it as an excuse to lower costs regardless of Then the layoffs happened. Brace yourselves as it might spread to India. I know it shouldn't usually be a problem with a reputed company like TCS, the thing is that your team mates/colleagues will be the biggest determinant of how productive and happy you'll be in your new job and to some extent, also that of your mental health and happiness. The worst thing about TCS is their contracts, they don’t allow you to be hired by the companies you contract with. Detailed Uplift V2 Review (Summer 2024) upvotes Tough times ahead in most sectors. Now inflation is cooling, and nobody has a real understanding at the moment if things in general are going to smooth over and just level off or if it's going to just pop and fall (ie sales in general). We have mid years solely to fire low performers and promote people. I'm from a tier 3 university about to graduate in a month with no job in hand. Because if you leave immediately, you may need to break a bond or have problems getting a experience certificate. And another one is offcampus (32L, base 19L, location: Bengaluru). Everything pertaining to the technological singularity and related topics, e. Benchmarks . I am, however, prepared if there are layoffs. (Dual employment days: last 10 days of TCS and first 10 days of Capgemini). Both large-cap companies and startups trimmed staff across the US, according to Crunchbase data. Mass Job Cuts. The Official Subreddit for India Tell me your company is planning to do layoffs without telling me you are doing layoffs. Reply reply More replies Cheap_Thought4473 It is weird, that on one hand these companies do mass layoff, then hire the same or somewhat same amount of people again. So I will highly recommend to hang in 2024 has kicked off with a bunch of layoffs. I’m hearing 1% cut across all practices (audit, advisory, tax) so about 500 jobs. 6L Deloitte, Location: Hyderabad) . There are a total of 2210 employees laidoff. Now business is adjusting back plus we have economic * Urgent Update * TCS is currently undergoing significant restructuring, which unfortunately includes massive layoffs in 2024. The function was already understaffed due to a huge 2021 layoff (25-30% ILO’ed Most of the Application Management jobs were sent to TCS and HCL Disclaimer: Please note the information provided by our members is not (and should not) be interpreted as legal advice. I had 0 professional experience in it. Get the Reddit app Scan this QR code to download the app now. Besides booking Hyatts as a Privé agent, they are a client of mine for one of my other business. 5 years in litigation before switching to corporate/transactional for the past 2. 36, 7 and 9 lakhs for the ninja, digital and prime role respectively. TCS -- Call the employees back to office. I might be Google to manufacture Pixel smartphones in India, will roll out by 2024. ) I cleared the NQT pretty easily but in the interview they were asking me questions as if I already had 3 years of experience in the field. They put me to work on an enterprise application and I was also part of the top-most iOS team there. RTO is just an easy way for them to. Wider Context: Hello fellow devs, final year college student here. 5 years. I was working at a big corporation with looming layoffs, and I was ready to get out of there. 4M subscribers in the india community. 15% of corporate associates were impacted and this doesn't count the amount of call center people that got laid off 2 weeks prior or the overnight staff at the hotel (still baffled about that one). If you have a 401k you lose the employer match if there less than 2 years. S. Hindsight I should've documented my medical issues better and had more formal discussions with HR and senior team members. but at the same time, people whose wages aren't keeping pace with inflation are becoming poorer. What they said on the paperwork is that they called it a “separation pay” instead of calling it severance. I strongly disagree you won’t get a chance learn anything new skill. Silver, Economic Dystopia, Lewds, Waifus, OC post it all :D This is a place where all Meme It might be due to redundancies involving Disney+ original contents since the article even says that at least some of these layoffs involve people who were hired to make those. AI Bot or Far shore will be the only options soon. There is no scope of growth beyond a point. My last contract company tried to hire me twice but each time TCS TCS HR coordinated the layoffs weeks in advance in December 2023, ensuring that 10,000 employees' paychecks were direct deposited on January 5th, 2024, the same day they We had a once-in-a-generation tech jobs mega boom and fundamental changes to ways of working thanks to the pandemic. Just keep applying for other companies instead of chilling BA roles are not frequently given to freshers as far as these companies are concerned. g. Some of them are. One of my ex- colleague joined TCS. yeah you always have people complaining in these comments about laying people off for shareholders or whatever but the layoffs are under 25k people when theyve all doubled their employees, adding literally hundreds of thousands of jobs. You need to wake up from dream world. 6. I am a class of 2019 lawyer from a law school ranked in the top 20 (not t-14), who worked for 2. Audit / Assurance StandingDesk stands (heh) against Reddit corporate takeovers but this sub's current state would be better than whatever Reddit Inc would do, so. Please join us to keep track of layoffs. They have also been the ones pushing inflation as well. So everything is more or less called a separation rather than a layoff. It depends but u will definitely get one day. Source: I've worked in both as consultant. PwC Layoff June 2024 . They assign you at client locations. It’s now 2024. But can't really stay for I accepted because at the time we were unsure if declining opened us up to layoffs The outsourcing has been a disaster and TCS has really struggled, so I ended up being pretty much the only one keeping things together. List of LAYOFFS commencing on January 27, 2024, a total of 1204 employees are being laid-off today. We Love Silver and Meme Creators. I kept hinting to my boss that I’d volunteer to be laid off, but the process was moving so slowly eventually I couldn’t wait anymore. But, also, the mismanagement from the executive leadership levels. Basically, cut costs through layoffs, big payouts to executives, repeat. AI is the wildcard though that could make this story come true in 2024 depending on how much GPT progresses in After layoffs, amzn, google still have far more workers than they do than early 2020 thus layoffs in these 2 companies will absolutely continue. Company results do not usually correlate to layoffs. Even at a feature level. You will learn something especially you are in TCS Digital profile or if they ask to stay idle you will be getting a stipend. This is, inherently the way in which many Individual call sites previously operated pre-pandemic - hire&let-go, and rinse & repeat. TCS Actions: While TCS has not officially announced any layoffs, reports indicate that the company has been hiring employees affected by layoffs at other firms, including startups. Before Google announced their first layoff in early 2023, the company is known for no layoff. Please Note: These layoff details are only aggregated from WARN Notices submitted to each US State Workforce Department and are not from secondary news sources. TCS has a strong track record of being an equal opportunity employer in the U. Remember they are consultancy companies, and not a single product company like Uber / Spotify. TCS starts fresher hiring for 2024 batch. Worked at GWL (pre Canadalife name change) when they brought in TCS to start taking on mainframe support and development. [Marks] Pulling the Quinn Cook $1. TCS 4 years, Infy 2 years. You take the ladders, learn how to climb and then leave it. Who This year they are gutting the company with pretty significant layoffs. 2. 10 years ago, almost no jobs were remote. Why can't they just reshuffle or adjust salaries of existing employees (I know cutting off salaries will be worse but it's better for an employee to have option, plus if the employee leaves then that's just a win for the company) PwC US isn’t doing layoffs, it’s just most managers and below started in exceptional markets and never saw a real performance review cycle until last year and think that means layoffs. CSCareerQuestions protests in solidarity with the developers who made third party reddit apps. Non-publicly traded companies that did layoffs in waves or offered enough of a layoff package to not have to post WARN notices. However, during core WFH days, they all work around 20-25 hrs a week and able to get everything done. MBA grads or people who have worked for the same client for a good span of time(>2 years) Note: I do not work for or plan to work for TCS and I live in the US. They were at least nice to me because they couldn't afford not to be, I was very overworked. TCS does care about its employees, atleast that's what they think If it's just a low skilled coder / assistant then it's a plus for TCS and the likes. Yes, the layoffs are in response to the pandemic-era over hiring. Reply reply (TCS/Wipro,Igate, etc) I am hearing more layoff coming for RBC in March 2024. He told me that they have to go to office for 3 days a week, but the hours are not mandatory. In another separate meeting a partner said 2024 will be a difficult time for business. TCS Wipro Infosys allowed to everything coming from that website absolute bullshit because I've came across headlines such as "Innocent Accenture/TCS/Wipro employee jumps outta the window in depression" or Basically they are setting mind for Jan 2024 Potentially uncomfortable realization given the climate but I think it's a skill issue more than a matter of age related discrimination, so I wouldn't expect to see any kind of successful legal battle. 5 years of experience in Python development to a fantastic organization like TCS. opportunistic waves of layoffs have made View community ranking In the Top 1% of largest communities on Reddit. Because everyone in Tech was doing massive over-hiring a couple of years ago. My cousin just gave his interview at TCS for Digital today. I got it under 2 months. Employees will start to resign. So, that was my biggest issue. There are a lot more people in TCS besides engineers. Layoffs. Members Online. The best place on Reddit for admissions advice. i think he's doing a great job and hope he runs again but the growth we are experiencing after our brief recession in 2022 is being driven by corporate profit-taking and inflation, and is coinciding with layoffs. Don't want to scare anyone here, just been let go today from EY tech consulting in Canada, as previous post it was a 30 min call with the partner who break the news and hr communicated rest of the stuff like severance which was 2 weeks plus 2 week that would be notice period but mentioned that today would be my last day. Turns out that TCS can't have visibility of most finance systems due to US-only restrictions. Even though it happened this year. I left the company, moved to a new city, and one month later they handed out the layoffs. I work at a non-tech Fortune 500 (technically fortune 50) company in the US. As many have said below, IBM has usedlayoffs / RAs/ stealth layoffs as it's primary cost control lever for about a decade. reddit's new API changes kill third party apps that offer 2024 grad still TCS Layoffs: Get the latest TCS layoffs news on The Economic Times. 9M QO was a necessity because of the $138. That doesn’t mean u just keep on waiting for tcs OL,JL to come. They squandered the CarQuest merger by thinking shops that chose CarQuest wanted to switch to advance auto, even though they wet usually right next to Although the economic climate seems slightly warmer at the start of 2024, February still saw a high number of mass layoffs, with more than 46,000 layoffs in the tech industry in the first two months of 2024. 2024-2025 , maybe longer will be rough for this country. TCS had the resources and people being trained on such systems unlike North America which has focused on I joined TCS in August 2020 and got promoted to Digital through the elevate exam in March. I was terrified that it would be called a firing in comparison to a layoff. Go on and maintain the image of being the best company when it comes to job security. Disagree, kinda. Find TCS Layoffs Reason, TCS Employee Count, TCS Workforce, TCS Job Cuts and more. You can’t take more than 40 hours PTO and 3 weeks severance is the norm. ” 6. Wider Context: Here's my story: I was thrilled to have landed a position as a Python developer at TCS, a company I've always admired. However AI will also enable more competition and that could be a threat to the Indian IT sector. Microsoft eliminated 1,900 gaming roles months after a $69B Activision buy. "Workcules" actively tracks this information since we are a hiring marketplace dedicated to the laid-off or unemployed. Some have quick turnarounds and they can't find people, or they have small groups who have been there forever. "Lying" is strong -- but I think there is a third option where the manager plays things like a poker or cribbage hand, and decides "Hmm, this candidate isn't quite bad enough to fire yet, and, if we do decide to fire him, it'll require six months of process + paperwork, so instead we'll keep slow-rolling things, because a layoff might happen in the coming weeks, and pitching this candidate 39 votes, 40 comments. Two engineering teams were replaced by offshore vendor TCS, several CPMs as well as other various leaders from our two managers to directors to VPs were also let go. Tata Consultancy Services (TCS) has said that it will not be giving any salary increments this time. According to this layoff tracker https://peerlist. For BCA IAM in Puget Sound, I think yes after the strike/contract. The tech industry has seen nearly 24,000 layoffs in early 2024, more than doubling in one week. fyi logs over 23,600 tech job cuts so far this year. We have way more remote jobs now than 10 years ago. e. It was fairly obvious what would happen to most people who have been in tech or proto-tech for a long long time. Am currently in my 1st year of masters in pharma with total 2 years of gap from 12th till now, might be slightly more (+2-3 months) TCS breaks silence on layoffs issue "We would like to place on record that TCS has not initiated, and is not planning to initiate, any large scale exits of any section of its staff in any View community ranking In the Top 1% of largest communities on Reddit. There are. On top of it tcs is now forcing people to wfo 5 days and tied everything with RTO compliance. Also, IBM has had layoffs for years, you'd hope this means the workforce is not inflated going into a downturn. Commercial and BDS. But the work hasn't changed at all. Here is the list of LAYOFFS commencing on January 01, 2024 as listed on publicly available WARN notices submitted to each US State Workforce Departments. 50-95. HCL/TCS jobs in India are moving to Egypt for Euro jobs. reddit's new API changes kill third party apps that offer accessibility features, mod tools, and other features not found in the first party app. Couple of my family members work for RBC, I'm relatively new here so I don't really have a vibe for the company. io/layoffs-tracker, there has been 38,200+ people lost their jobs due to layoffs in first 45 days of 2024 itself. Not one year of tech etc layoffs and sleazy company tactics. Or check it out in the app Layoffs are celebrated and done in anticipation now and even regularly Cyborg Teddy Roosevelt powered by Chat GPT4 with a body built by Boston Dynamics wins the 2024 Election as an Independent and constantly calling Trump a pussy In that case, first enquire and learn about the kind of project you'll be joining at TCS and the people there. That person will probably be in a better situation than most A1's when it comes to finding a new opportunity, especially Supposed second round of layoffs happening at KPMG next week. A technical workout would take years to implement. Recently cloud providers AWS, GCP, Azure and many other certification providers are having employee certification drives for free or discounted certification in these technologies. Just have your expectations set. Following significant workforce reductions in 2022 and 2023, 2024 saw more than 150,000 job cuts across 542 companies, according to independent layoffs Former KPMG Audit Senior and EY FAAS Manager here (now working in industry) - your situation is anecdotal and does not mean u/AdvertisingEasy7599 wasted money by going to a prestigious school (especially bc you don't know if they received a scholarship). I feel like what I read on Reddit/social media and observe in real life are two completely different things. Lots of perma layoffs happening there In the survey, nearly four in 10 companies said they are likely to have layoffs in 2024, prompting increased fears of a recession around the corner. It all varies by position. after some desperate job search i attended tcs nqt it Media. Reddit comments are not legal advice and do not replace As your full time is not clashing with your internship and anyways you are free. Put those two pieces together and to me it seems something is brewing. we're at Except in a few cases, a layoff at UPS isn’t the same as being laid off elsewhere. I used to work as a Design Engineer for Automatic Transmissions at the Tech Center in Bangalore, India which was later outsourced to TCS in Sep 2019. business-standard. As you are interning with TCS, you will be having a full time offer too. Theres never been significant change without some sort of violent take over. qptkoza kxfwn rbauullcs tssdc wepib giby bhgtet gao bsoabsf vuuhvkcn