TCS Layoffs Spark Union Outcry Over Employee Rights
The Nascent Information Technology Employees Senate (NITES) is criticizing Tata Consultancy Services' mass layoffs, labeling them unethical and illegal. They urge the company to stop these terminations and appeal to the government for enforcement of stricter employment protections in the IT sector. TCS plans to lay off 12,261 employees globally.
- Country:
- India
NITES, an IT employees' union, has condemned Tata Consultancy Services (TCS) for mass layoffs, deeming the action unethical and illegal. The union demands immediate cessation and reintegration of affected employees, appealing to Labour Minister Mansukh Mandaviya for intervention and stricter industry safeguards.
NITES criticizes TCS's decision to lay off 12,261 employees—two percent of its global workforce—warning that such moves normalize job insecurity and erode employee rights. The union threatens nationwide protests if the government fails to act.
A report by Jefferies suggests TCS's layoffs could lead to execution slippages and higher attrition rates, reflecting weak demand. The company's shift towards margin conservation follows other recent moves, including wage hike deferrals and new benching guidelines for employees.
(With inputs from agencies.)
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