Tcs cnsi layoffs reddit. TCS -- Call the employees back to office.

Tcs cnsi layoffs reddit 2M subscribers in the india community. There is no scope of growth beyond a point. Yup i missed that thought. Many people have worked for tcs (even in the ninja role) and later were able to switch to a much better product based company. Even after that my severance amounted to less than a month pay. All the mid Level managers are lateral hires. The best thing you can do is make sure you’re useful and make sure you have a plan. Anyone staying in TCS / Infy more than 5 years after joining as fresher is foolish. Everyone at IBM, outside of executive levels are generally at risk for layoffs. Just keep applying for other companies instead of chilling That company should not layoff ANYONE- In case of a layoff , the company cannot proceed with your i140 filing, so that means it might get delayed and if say they had applied for a wage determination a year ago, and they conduct layoffs today, they might have to reapply for a wage determination in 2-3 months more Here's my story: I was thrilled to have landed a position as a Python developer at TCS, a company I've always admired. Brace yourselves as it might spread to India. 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. This layoff is the same size as the tech layoffs of 2008. This also depends on the role, I am in mid to senior level management (15+ years of financial service experience) in a role that can be done remote with periodic visits to the office. I was laid off 2 months after that Posted by u/ourlifeintoronto - 19,355 votes and 1,802 comments This really depends. Tell me your company is planning to do layoffs without telling me you are doing layoffs. That's more than fair. Join developersIndia as a volunteer and help us improve the community experience. Let's assume you join TCS. But can't really stay for Getting on bench in TCS is safe. 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. Canada Life announces several IT Layoffs starting July 5th due to migration to a Managed Service Provider. The Official Subreddit for India I see this sentiment on Reddit quite a lot but my experience working with the C-suite at a midsize tech company has been completely different. In my 2 years there I met, Chairman of Tata N Chandra, CEO of TCS Rajesh Gopinathan, CTO of TCS, head of Hr, Jeffery Ullman (he is part of TCS vision board) among more. He told that he leaves office for lunch and does not go back. Wider Context: Its doing shady things like silent layoffs , wage theft by incorrect hours etc. i got placed in a average pcb but had to decline it because of their shitty policies(5 year bond with just 4. After a few months off I was able to find work again and so far no issues with layoffs. CHWTIA companies are able to exploit youth in india while outside they are bound by fair laws , causing them facing lawsuits every year of several millions dollars, these CHWTIA companies run on exploitation Layoff tons of people and then claim it's due to the success of AI so that you can portray the layoffs were due to redundancy rather than financial troubles. 8M subscribers in the india community. If it's just a low skilled coder / assistant then it's a plus for TCS and the likes. In general it will have the layoff date, severance, stock vesting, insurance (cobra), and other information. (Dual employment days: last 10 days of TCS and first 10 days of Capgemini). Just as a heads up, TCS has begun layoffs in the US. Mergers and buyouts almost always result in layoffs. Most of the posts on this thread are factually correct. First round of layoffs was handled atrociously. Make sure to follow the subreddit Code of Conduct while participating in this thread. And he will be there after everybody else is gone🤣. Here and there I work on POCs other tasks. 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) 2. I got it under 2 months. This is known at Google for some time now, employees are too entitled and needed a shake up. 34M subscribers in the worldnews community. Tech news US news Posts Communities Meta AI Proposes ‘Wukong’: A New Machine Learning Architecture that Exhibits Effective Dense Scaling Properties Towards a Scaling Law for Large-Scale Recommendation Usually WITCH doesn't layoff. Recent Announcements. TCS -- Call the employees back to office. Layoffs suck, but I can’t feel too bad for all these people getting 6 months pay with benefits. In 2001 there was no innovation on the horizon so the tech bust was large. There’s a novel, “The Tale of the Time Being”, that describes this situation from the POV of a child. . Tcs is good for career start if you don't have any other offer. Yes they are. I’d watch out for obvious redundancies (2 people with the same job) if there are rumors of a reorg. In an attempt to maintain continuity, those of us affected have received offers from TCS to continue our work/train additional TCS staff to work with us The offers are comparable. 2 lpa and without any promotions) couldnt find a job after that. a LOT. It's always layoff season here at Larry's discount software! Larry out front should have told'ya. 5 hrs in the office atleast. I theorize the "hubs" will allow TCS to hire US at the Everyone at Accenture received mail from CEO regarding: Actions for the Future" We have identified the following areas for actions to reduce our costs which will result in approximately 2. TCS was selected as the vendor and my work is in the first wave. Reply reply This layoff made both of us less self worthy, loss of confidence and changed us to become different people. Even at a feature level. If you didn’t get one within 30 mins, you’re safe. Most of the companies that are doing layoffs overhired during Covid without any prudence expecting growth due to record low interests rates . The Official Subreddit for India On top of it tcs is now forcing people to wfo 5 days and tied everything with RTO compliance. I know somebody from TCS who was asked to transfer to Mumbai on short notice about 8 years ago. TCS don’t layoff their employees in any type of market condition, so if you get TCS then you can accept it Reply reply More replies More replies What's more surprising is these amazon layoffs are in addition to PIP (quiet layoffs ) , which once used to be around 6%, but now increased to 12-15% in some organizations. i cant really control that). I was laid off 2 months after that 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. TCS was my first employer who hired me as an iOS developer. Longest 30 mins of my life. Mid-90s is when this type of grunt middle manager suddenly became the desirable type of employee that got promoted versus people that over performed met their goals exceeded their goals. In TCS notice period is 90 days. The guy had no choice but to resign. Posted by u/Direct-Somewhere3242 - No votes and 4 comments My last layoff I received a week severance. Some including terms that you forfeit the severance if you accept other employment before the layoff date. A place for major news from around the world, excluding US-internal news. Commercial and BDS. I had 0 professional experience in it. They demand two weeks from employees when the resign, but layoff in four days. As a TCS Digital Candidate who gave 3 TCS exams and 3 Interviews to crack Digital, I can confirm the above details as USEFUL The first TCS Oncampus I gave with least knowledge, managed to clear upto digital interview but was selected for the Ninja role. Post any questions you have, there are lots of redditors with admissions knowledge waiting to help. Non Profitable companies are citing AI as a reason to layoff. I got trained on using one of the scanning electron microscopes in the basement, which included getting a badge to access the facility (even during the pandemic; I was one of the "mandatory personnel" for the lab I'm in, even though I was an undergrad). And Amazon laid off around 10% of corporate workers already Welcome to Canada’s official subreddit! This is the place to engage on all things Canada. During normal years, our applicant pool might be 10-15% recent layoffs (probably lower), or people who were fired from their previous position. 19M subscribers in the Futurology community. That's why many people consider WITCH to be pretty stable compared to startups and even some PBC's There are multiple segments in tech with different cycles, and innovation. Disagree, kinda. 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. Uh United Health will work you . TCS. First things first, companies need to have the flexibility to fire people (for lack of a better phrasing of words). Interesting that they don't mention their failure to investigate finance access requirements for non-US prior to September. People need to get it out of their head that the SLT views employees as anything but expendable resources that they can add and take away as they see fit. What we're being told is that TCS is not allowed to assign us to another client for one year. Aug 7, 2023 · TCS completely liquidated their entire consulting practice (C&SI) in the US, UK, and Europe. Hi! I first started my career during the recession. I work at a non-tech Fortune 500 (technically fortune 50) company in the US. Apr 1, 2024 · In recent times, Tata Consultancy Services (TCS), a leading player in the global IT industry, has found itself embroiled in a contentious issue surrounding allegations of discriminatory TATA Consultancy Services Layoffs: Downsizing related discussion, postings, questions and answers. Well had a call right after, he said a guy he himself onboarded, 2 guys hired in last sept in his team and common acquaintance of ours who was hired during Covid all have been layed off Thousands of Indian IT professionals in the US, who have lost their jobs due to the series of recent layoffs at companies like Google, Microsoft and Amazon, are now struggling to find new employment within the stipulated period under their work visas following the termination of their employment to stay in the country. Some layoffs have been 3 weeks pay for every year employed while the last NJ one was 12 weeks pay plus 2 weeks for every year A successful product they make and scale brings them 100X revenue to value multiplication bare minimum and that’s nowhere in the league of what Infosys, TCS and all are capable of producing. Now this is the most shocking information IMO. Very disgusting. I work at TCS, Digital profile. Hi all, I have been offered a package rise of 23% in TCS and C3B position compared to my current firm of which I have been a part of since 2019 which was a product company. DISCLAIMER: I joined tcs in india as a fresh grad and worked in a net sec project (NOT software dev) for a year before I started as a software developer elsewhere, so: I don't know how software engineers fare tcs, although most of my friends in dev projects in tcs have had an experience similar to mine. I would love even 2 months. Posted by u/nfyniti - 49 votes and 82 comments ok people, stop saying everyone working hard in TCS and they should be paid on par with MMAANG. I was working at a big corporation with looming layoffs, and I was ready to get out of there. after some desperate job search i attended tcs nqt it and now my score cards are out Hehehe honestly i wish i had a very compelling answer to what i do but here it goes. There are a lot more people in TCS besides engineers. The give poor hikes. They are so wealthy and detached from the lives of normal people that they have no idea how they impact lives with layoffs. A bunch in C&SI got the axe over the last few days, and I’ve heard it impacted other units too. I have seen their extremely detailed 1, 3, 5 and 10 year plans including new product lines, R&D budgets, planned M&A, etc etc all down to the specific focus areas of PhDs they’ll need for certain The function was already understaffed due to a huge 2021 layoff (25-30% ILO’ed). They assign you at client locations. Twitter layoffs Tech news Twitter US news Posts Communities Anton Tabuena on Twitter/X: "So the news is out. There are still remote opportunity with smaller banks, credit unions, and fintech as it relates to remote. r/Futurology has gone private in protest of Reddit's recent behavior and planned changes to the API… Advertisement Coins As a TCS Digital Candidate who gave 3 TCS exams and 3 Interviews to crack Digital, I can confirm the above details as USEFUL The first TCS Oncampus I gave with least knowledge, managed to clear upto digital interview but was selected for the Ninja role. In the story, the child’s father, a native of Japan is in the US on this type of temporary visa but gets laid off and they have to move back despite her feeling that she is essentially American from having lived in Silicon Valley from infancy to around ten years old. TCS 4 years, Infy 2 years. TCS has also said that it will be honouring all 40,000 campus offers made this year. You take the ladders, learn how to climb and then leave it. Nous parlons en anglais et en français. Now the free money is gone with the interest rate hikes, the companies that didn't go overboard during Covid so far didn't layoff (Zoho, etc). There are. They should have let turned all b2b business CarQuest and all retail AAA. TCS had the resources and people being trained on such systems unlike North America which has focused on different tech over the decades (the fun sexy stuff!). you signed up for that shit when you join TCS (or any WITCH companies). They have Indian hiring managers that pick from Indian H1B holders, and they fill out the paperwork claiming they have unique skills. They were at least nice to me because they couldn't afford not to be, I was very overworked. 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 each other. If they are laying off people, means sh#t has hit the fan. Reply reply ImpressiveFault42069 Hello fellow devs, final year college student here. Beyond which it might start layoffs as well. Everyone who got laid off must find a way to connect. But good thing is that I heard TCS does not layoff much. 5 years of experience in Python development to a fantastic organization like TCS. Reality is C-levels are hiding behind AI to hide their failures and incompetency. On May 31, 2023, Reddit announced they were raising the price to make calls to their API from being free to a level that will kill every third party app on Reddit, from Apollo to Reddit is Fun to Narwhal to BaconReader. Yeah. I started in the US. He told me that they have to go to office for 3 days a week, but the hours are not mandatory. Go on and maintain the image of being the best company when it comes to job security. Layoffs are the result of imitative behavior and are not particularly evidence-based. My first role was literally to layoff loads of engineers, after which they laid me off, too. But I estimated that around 60-70% of our most recent applicant pool were recent layoffs, many had gaps of 3-6 months, and some even had 12 month gaps. Won't enter Infosys, already TCS Hai, besides bohot uncertainty thi Infosys ke sath with all this layoffs, I am sure it'll make decent returns in future but I'd stick to my plan for now. 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. Idk what you mean by no mentors. Missing the point about TCS Layoffs I might be crucified by hear me out (well, dont. Nate sold Bloody Elbow and the entire staff was laid off They also deleted not just my business/finance/law posts, but everything I wrote the last 15 years" In that case, first enquire and learn about the kind of project you'll be joining at TCS and the people there. 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. TCS is one of them. The engineering teams after being told this news were then asked to train the offshore folks before their last day which was 15 December. If you dont like TCS, move on, they know how to replace you. Tata Consultancy Services (TCS) has said that it will not be giving any salary increments this time. Remember they are consultancy companies, and not a single product company like Uber / Spotify. Since January am doing nothing, I am pretty good skilled but they don't want to release me from this customer account they keep me allocated in a stub project but have no work for me. Before Google announced their first layoff in early 2023, the company is known for no layoff. This layoff has gave us different perspectives about everything. 4M subscribers in the india community. You might not hear about layoffs in advance but you often hear about reporting structure changes in advance. The Official Subreddit for India. Worked at GWL (pre Canadalife name change) when they brought in TCS to start taking on mainframe support and development. At first i thought that going with Accenture was a no brainier but after careful consideration i realized that my cost of living would come out to about the same. YMMV on the ability of blind executives to properly identify the dead weight during a layoff but we will see a year from now if their move ended up OK I’m mostly talking about all the ~8% layoffs and not a Twitter like 70% cut. Employees will start to resign. The over-hiring is intentional just like the layoffs are. A subreddit for those who want to end work, are curious about ending work, want to get the most out of a work-free life, want more information on anti-work ideas and want personal help with their own jobs/work-related struggles. The tech industry layoffs are basically an instance of social contagion, in which companies imitate what others are doing. There are very few companies that do not have such layoffs. If TCS is your only option, don't worry. TCS offered me a competitive salary with a small bonus. I was on a team of H1B tech workers, they do jobs any smart American high school graduate could do, six figure jobs. The best place on Reddit for admissions advice. Aug 7, 2023 · CSI cuts 500. Although TCS doesn't layoff easily,and prefers to freeze recruitment instead,but it too must have it's limits. 27 votes, 17 comments. Everyone jumped on blockchain bandwagon, now we got AI but in reality I have not seen one proper research commenting on AI taking jobs, let alone any researcher or scientist commenting at least. Note: I do not work for or plan to work for TCS and I live in the US. They put me to work on an enterprise application and I was also part of the top-most iOS team there. Currently I guess only critical positions are being recruited-which might be very few in number. My main downfall when looking for jobs is not having any experience (graduated from a decent university with decent grades) so my main objective right now is just to get experience under my belt and if TCS ain’t a career death trap than it will give me what I need then, with the bonus of a decent salary. If you look for reasons for why companies do layoffs, the reason is that everybody else is doing it. However AI will also enable more competition and that could be a threat to the Indian IT sector. 5% of our current global workforce departing Accenture. Accenture offered me around 16k more of a base pay with double the bonus that TCS is offering me. Wider Context: Not to be overly negative, but you work at IBM, and frankly layoffs have been the way IBM has managed its finances for a long time. : Nahh if u got tcs selection and waiting for OL then keep on waiting. Big rich corporations have a lot of dead weight. Please be respectful of each other when posting, and note that users new to the subreddit might experience posting limitations until they become more active and longer members of the community. I have 12 years experience into Analytics. This is a very common occurrence. He still hasn’t found a job yet so we are just looking at the alternatives. I left the company, moved to a new city, and one month later they handed out the layoffs. Recruiters tend to avoid candidates with so long notice period. However, during core WFH days, they all work around 20-25 hrs a week and able to get everything done. Namaste! Thanks for submitting to r/developersIndia. A technical workout would take years to implement. Just read Glassdoor reviews of tcs by American employees. Most big companies outsource L1 and L2 support to service companies so that if required they can just reduce the staff without getting a bad rep. Nothing new about it. Job security? You can earn in 15 years in other companies what you can earn in Tcs in 50 years. Yeah if I do take the job at TCS I don’t plan on staying longer than a year or 2. Source: I've worked in both as consultant. There is a reason why they are in a different league and can pay those salaries as it’s still a drop in the ocean compared to what they make from an org. No two weeks notice. Possibly Violation of federal WARN act. Expect to see more complaints here about painfully slow hiring processes and other HR-related actions. I went out to work in the 90s in the office space era in technology. Don't scare the half asleep folks who don't remember that by using ambiguously generic titles. There are 60 people on our team in total and I would say that they comprise 90% of that. I don’t ever want to be in this situation. Notices went out this week. TCS, Infy are ladders before the escalators. I now work abroad where things are a bit different and layoffs occur due to other reasons. While terming these exits as "involuntary attrition", TCS claimed it does not plan to initiate any large scale layoffs of any section of its staff in any part of the organisation. 7. The company violated the WARN act in TX and had a class action lawsuit brought against them and won. Basically had a company-wide meeting saying to keep an eye out for layoff emails. 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. Btw best perk of working at CTO is that you’ll meet who’s who of TCS every other day. TCS mostly froze recruitment 2 or 3 months ago. He did dual employment of 10 days in corona period (2021) between TCS and Capgemini. If they do a series after series of reorgs, each reorg is a chance to let people go. So tired of being treated like an object and it sucks. Don't be demotivated with the comments. At that time, it happened mainly because of not knowing any better and having no other option but to join. I know people in Tcs with 10 yoe with 10 LPA can you imagine that. However, TCS CEO and MD Rajesh Gopinathan said that he doesn’t see any retrenchment happening. Aug 2, 2023 · TCS has also done layoffs in past so dont live in this myth of job security. 6. News So it was announced (internally) yesterday that Canada Life is transitioning a large portion of their IT Staff to a Managed Service Provider and will be laying off a good portion of their IT Staff. it wont be hospital nursing but get ready to have to apply interqual to like 80 patients a day and have to support that to the medical director . It is weird, that on one hand these companies do mass layoff, then hire the same or somewhat same amount of people again. Meeting after states the contracts for 2023 to 2024 were signed and sealed so no more layoffs. They intend to waste a full quarter of your career year. My initial onboarding date was set for April 14th, and I eagerly anticipated the opportunity to contribute my 2. Clinical research is a branch of healthcare science that determines the safety and effectiveness (efficacy) of medications, devices, diagnostic products, and treatment regimens intended for human use. I am part of a team that builds our mobile apps and they have outsourced consultants from TCS in India. we know the reality there, so does the TCS management, its basically 99% umpires and 1% players. 3X larger than the current cycle of layoffs. My coworkers were half from TCS and half from the client. Check out the sidebar for intro guides. I handle a couple of microservices built on spring boot( i hate JAVA, luckily i have to just maintain the code and make updates to it), primarily i work with spark for big data queries, and we have our pipeline creation system, so work with Airflow for scheduling, maintaining and triggering those pipelines and Bingo !!! Transfers in these companies are just a means for soft layoffs. Congrats on your new job. The Reddit Law School Admissions Forum. One of my ex- colleague joined TCS. Join Hoppscotch's Founder & CEO Liyas Thomas for An AMA on Open-Source, Software Engineering, Tech, and more! Meta layoffs Meta Platforms, Inc. We are being asked to stay 9. Only the rolled offers were allowed to join. Turns out that TCS can't have visibility of most finance systems due to US-only restrictions. It depends but u will definitely get one day. Basically, cut costs through layoffs, big payouts to executives, repeat. in time to call the hospitals and try to get discharges etc . 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. TCS cares most about its reputation and has worked hard to keep this layoff out of the news. That doesn’t mean u just keep on waiting for tcs OL,JL to come. 1. msd obyg gigavo bzyvbe lrrzjr crdk rzqo uguz kcogt bbnmq