TCS Layoffs: Tata Consultancy Services (TCS), the IT services company in India, has announced that it will be reducing its global workforce by 2% which means more than 12,000 employees will be impacted. The industry is in shock with many criticizing the move while others see it as inevitable with the rise of artificial intelligence in the sector.
Soham Parekh’s Advice for Tech Workers
Soham Parekh, the Indian techie who previously made headlines for allegedly working at multiple startups simultaneously, weighed in on the layoffs and offered advice to tech professionals. Reacting to a post that claimed “TCS will freeze the hiring of experienced personnel and pause annual salary increases globally,” Parekh urged techies to adapt and stay competitive.
“Don’t wait for handouts. Learn fast. Build harder. Your skills are your leverage. Outwork the system. Outlearn the gatekeepers. Outbuild the giants,” he said.
Parekh became a controversial figure after several tech CEOs accused him of moonlighting across multiple startups and scamming employers. However, his former colleagues described him as an “excellent developer.” While Parekh admitted to working for multiple startups at the same time, he maintained that financial struggles drove his decision.
TCS Confirms Layoffs Will Impact Senior Roles
Meanwhile, TCS confirmed that the layoffs will primarily affect middle and senior management positions. The company stated that rehiring for these roles would not be feasible.
“Several reskilling and redeployment programs have been in progress. However, some associates will be released as their roles cannot be restructured to match future demands,” TCS said in its official statement.