1.
Big
changes at TCS: Headcount shrinks, campus hiring uncertain, but variable pay
stays strong
The
company cited efficiency measures in a 'low-demand' setting, pointing to
voluntary departures over layoffs. India’s IT giant Tata Consultancy
Services (TCS) is undergoing significant changes, with headcount falling for
the second consecutive quarter and campus hiring plans clouded by uncertainty.
While the company remains confident in its talent strategy, the shift is
raising questions about its future trajectory. Headcount drops, hiring
plans blurred; TCS saw its employee base shrink by 5,680 in the three
months ending December, bringing the total to 6.03 lakhs. This follows a
similar decline in the previous quarter. The company attributed the
reduction to maintaining efficiency in a ‘reduced demand’ environment,
suggesting voluntary attrition rather than layoffs. However, the future
of campus hiring remains up in the air. Unlike previous years, TCS hasn’t set a
target for freshers in the coming financial year. In a media report,
CHRO Milind Lakkad said the number will depend on the ‘overall situation’ and
their focus on efficiency, leaving the door open for further headcount
reductions. Upskilling and variable pay boost; Despite the
headcount decline, TCS is confident in its talent strategy. In a media report,
Lakkad emphasised their focus on upskilling and internal talent development,
highlighting their training programmes for Generative AI and other emerging
technologies. Transfer complaints tackled; Addressing a key
concern raised by unions, TCS’s HR head acknowledged the issue of forced
employee transfers. While reiterating the value of mobility in IT careers,
he assured that transfers would be executed with ‘greater sensitivity and
transparency’. Mixed signals for the future; TCS’s changing
landscape presents both challenges and opportunities. While the
headcount decline and uncertain hiring plans raise concerns about the company’s
growth strategy, their focus on upskilling and strong financial performance
offer a positive outlook.
2.
Behind the cuts: Audible
CEO justifies layoffs as essential for future growth /.
The
CEO, Bob Carrigan, blames ‘challenging landscape’ in memo to employeesIn
a move echoing similar cost-cutting efforts across Amazon, Audible’s CEO Bob
Carrigan has announced the reduction of approximately 5 per cent of the
company’s workforce. While acknowledging the pain this decision inflicts,
Carrigan’s statement sheds light on the rationale behind the layoffs, painting
a picture of a challenging landscape and a strategic shift for the audiobook
giant.
3.
Bosses:
The surprising reason people ditch the office: Study
A Beyond survey found 30% of employees purposely skip the office
when their boss is present, citing discomfort with their supervisors as the
primary reason. In a twist worthy of a corporate sitcom, the very people
pushing for a return to the office may be the ones inadvertently driving
employees to remote shores. Yes, we’re talking about the boss, whose
mere presence is sending employees scurrying for the nearest Zoom link. A
recent online survey of 1,262 British employees (both part time and full time),
conducted by Beyond, a UK-based HR consultancy, in partnership with Opium
polling institute, revealed that a whopping 30 per cent of employees
deliberately avoid the office when their boss is in.
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