TCS To Hire 40,000 Freshers But Fires 16! What’s Going On?

-
Also read :TCS To Hire 40,000 Freshers But Fires 16! What’s Going On?

 

Also read :TCS To Hire 40,000 Freshers But Fires 16! What’s Going On?

TCS, a major player in India’s IT sector, is making headlines for contrasting reasons. On a positive note, the company plans to hire a substantial 40,000 freshers, a move that stands out amidst global tech giants implementing massive layoffs. Campus hiring remains a priority for TCS, according to CHRO Milind Lakkad, who mentioned that the exact number might vary based on project dynamics.

Also read :TCS Announces Employees Salary Hikes Amid Global Tech Layoffs

However, the positive news is accompanied by a hiccup involving a recruitment scam. TCS took decisive action by terminating 16 employees and banning six staffing firms implicated in the unethical activities. The scam violated the company’s code of conduct, prompting strict measures to maintain ethical standards. Despite this setback, Milind Lakkad’s emphasis on hiring fresh talent underscores TCS’s commitment to growth, even as they tighten rules to prevent malpractices.

Also read :TCS To Hire 40,000 Freshers But Fires 16! What’s Going On?

While TCS stocks experienced a slight dip of around 0.75% following the news, the company’s solid reputation and swift response to the scam instill confidence in a potential rebound. TCS’s integrity in addressing the issue promptly reinforces its standing as a respected and ethical company, assuring stakeholders that they are capable of overcoming challenges while staying on the trajectory of hiring new talent.

Comments

Post a Comment

Popular posts from this blog

Strengthening Strategic Ties: India and UAE Forge a Path to Prosperity Through CEPA and New Agreements

-
Image
 The recent agreements between India and the UAE under the Comprehensive Economic Partnership Agreement (CEPA) mark a significant leap in the two nations' bilateral relationship. Both countries are poised to see their trade rise from $60 billion to $100 billion over the next five years, a clear indicator of the growing importance of this partnership. The CEPA aims to eliminate duties on over 90% of traded goods, enhancing trade flows and creating a robust economic bridge between two of the most dynamic regions in the world. This partnership is more than just a trade deal; it represents a mutual commitment to deepening strategic ties. The UAE has consistently been a key economic and energy partner for India, and the five new Memoranda of Understanding (MoUs) further underscore the multifaceted nature of this evolving relationship. One of the standout agreements is the MoU on Barakah Nuclear Power Plant Operations. This deal signifies India’s increasing involvement in global civil nu...
Read more

International Tolerance Day - UAE is "Home of all" and "Beacon of Tolerance"

-
Image
 The UAE stands out as a top destination for Indian nationals, with over 3 million Indians calling it home. This vibrant expatriate community is a testament to the UAE's welcoming environment and the opportunities it offers. The nation’s strategic location, tax-friendly policies, and business-friendly regulations have made it an attractive hub for Indian entrepreneurs and investors. From healthcare to technology, Indian professionals continue to thrive across diverse sectors, benefiting from the UAE's progressive job market and access to global networks.  Culturally, the UAE offers a unique blend of inclusivity, celebrating Indian festivals like Diwali and Onam, fostering a sense of belonging for the expatriate community. Furthermore, the shared values between India and the UAE—ranging from trade partnerships to cultural exchanges—have strengthened the bond, enabling mutual growth and prosperity in both countries. The UAE, with its thriving economy and cultural inclusivity, co...
Read more

UAE and South Korea Forge Strategic Partnerships with New Agreements

-
Image
 The recent signing and exchange of agreements and memoranda between UAE and South Korea mark a significant milestone in strengthening bilateral relations and fostering cooperation in various sectors. On the UAE side, key figures including Dr. Sultan bin Ahmed Al Jaber, Suhail Mohamed Al Mazrouei, and Khaldoon Khalifa Al Mubarak played pivotal roles, reflecting the UAE's commitment to advancing industry, energy, and nuclear technologies. Their counterparts in South Korea, with a broad representation of officials, underscore the importance of this partnership. This collaboration highlights the UAE's strategic focus on enhancing its global partnerships and investing in advanced technologies. The agreements, which span diverse sectors such as energy, infrastructure, and nuclear regulation, not only promise to bolster economic ties but also position both nations at the forefront of innovation and sustainable development. The involvement of high-ranking officials from both countries...
Read more