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. 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. While TCS stocks experienced a slight dip of around 0.75% following the news, the company’s solid reputatio...