Summoned TCS for consultation on layoffs: Karnataka minister Santosh Lad

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Karnataka Labour minister Santosh Lad on Thursday said that his department has asked Tata Consultancy Services (TCS) to explain the reason behind large-scale layoffs.

“Yesterday we got information that the TCS has laid off 12,000 employees. Our department has called TCS officials just to have consultation to know the reason,” the minister told reporters here.

He said sunrise industries have been exempted from labour laws but there are conditions attached. “We have kept the sunrise companies outside the ambit of labour laws and for the past five years…



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Summoned TCS for consultation on layoffs: Karnataka minister Santosh Lad



Karnataka Labour minister Santosh Lad on Thursday said that his department has asked Tata Consultancy Services (TCS) to explain the reason behind large-scale layoffs.

“Yesterday we got information that the TCS has laid off 12,000 employees. Our department has called TCS officials just to have consultation to know the reason,” the minister told reporters here.

He said sunrise industries have been exempted from labour laws but there are conditions attached. “We have kept the sunrise companies outside the ambit of labour laws and for the past five years…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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