TCS Lay offs
The Human Cost of Corporate Restructuring: A Look at the TCS Layoffs The recent announcement by Tata Consultancy Services (TCS) to lay off approximately 12,000 employees has sent shockwaves through India's IT sector. While the company frames this as a necessary step to become a "future-ready organization," the human impact of such a massive workforce reduction is a matter of profound concern. This decision, impacting primarily mid-to-senior level employees, raises critical questions about financial stability, social well-being, and the broader economic health of the nation. For many of the affected employees, a job at a prestigious company like TCS was more than just a paycheck; it was a foundation for their lives. The financial commitments made on the assumption of stable employment are now in jeopardy. EMIs for home loans, car loans, and personal loans, which were once manageable, now loom as a heavy burden. The specter of non-performing loans (NPLs) on banks' ba...