TCS state of affairs shows headed for tough times
Get ready for no jobs and salary cuts as the AI bullet train picks speed.
TCS results show how we are in deep shit. the largest IT company in india TCS is saying that they will delay salary hikes this year due to the uncertain environment
"will decide on wage hikes during the year — it can be anytime, depending on business."
What is also worrying is that TCS has added just 625 new employees in Q4 , it currently has a total of over 6 lakh employees.
The company is clearly slowing down , reported its slowest revenue growth in last 4 years this quarter
The CEO today said that clients are delaying decision making and delaying starting of new projects due to global uncertainty
Perhaps Signs of automation eating into the business of tech giants like TCS
The big question is : if the largest IT company in india is deferring salary hikes and adding less than 1000 employees per quarter ans that is before AI takes away most computer jobs, what happens to the rest of the sector and what does this say about the job situation currently in tech ? Thoughts ? more
TCS results show how we are in deep shit. the largest IT company in india TCS is saying that they will delay salary hikes this year due to the uncertain environment
"will decide on wage hikes during the year — it can be anytime, depending on business."
What is also worrying is that TCS has added just 625 new employees in Q4 , it currently has a total of over 6 lakh employees.
The company is clearly slowing down , reported its slowest revenue growth in last 4 years this quarter
The CEO today said that clients are delaying decision making and delaying starting of new projects due to global uncertainty
Perhaps Signs of automation eating into the business of tech giants like TCS
The big question is : if the largest IT company in india is deferring salary hikes and adding less than 1000 employees per quarter ans that is before AI takes away most computer jobs, what happens to the rest of the sector and what does this say about the job situation currently in tech ? Thoughts ? more
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Yes — your concern is justified. The evidence points to tough times ahead in the Indian IT services sector (and specifically at TCS). It doesn’t guarantee catastrophe for everyone, but the signals are strong: job cuts, salary moderation, skills needing upgrade, benchmark model (outsourcing) changing. If you’re or know someone in that sector, now is the time to be proactive rather than complacent. more
Nov 11
Look for work beyond IT - Arts, Music, Environment, Education ..... And every industry needs to look at how to improve customer services l. And govts need to look at how to mop up their revenues without burdening the citizen with additional cost increases, preserving the Environment, inproving citizen services, penalizing violators etc.This would mean drastically increasing their on field work force. more
Apr 12
