TCS not considering layoffs, hiring impacted employees from startups - Times of India
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MUMBAI: Tata Consultancy Services (TCS) is not considering any layoffs as it believes in grooming talent for longer careers once it hires an employee, a top official has said. The country's largest information technology services exporter is also looking to hire startup employees who have lost their jobs, its chief human resources officer Milind Lakkad told PTI in an interview. The comments have come amid IT companies, including big tech giants, the world over laying off people due to a slew of reasons. “We don't do that (layoffs), we believe in grooming talent in the company…(there will be) no layoffs,” Lakkad said, replying to a specific question on whether there will be layoffs or involuntary attrition. He said many companies are forced to take such a step because they hired more than they wanted while the “cautious” TCS believes that once a staff member joins, it is the company's responsibility to make them productive and derive value. In cases where it fi