TCS axes 12,000 jobs; Ola loses steam in EV race

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Happy Monday! India’s largest software exporter is trimming 2% of its workforce as demand woes persist. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Lenskart IPO plans
■ Quick fashion plays ‘no return’ game
■ Mid-tier GCC hiring picks up


TCS to lay off 12,000 employees after tepid Q1

TCS

K Krithivasan, CEO, TCS

Tata Consultancy Services, India’s largest software exporter, is laying off over 12,000 employees—about 2% of its 613,069-strong workforce—as macro headwinds and disruptions weigh on business…



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TCS axes 12,000 jobs; Ola loses steam in EV race


Happy Monday! India’s largest software exporter is trimming 2% of its workforce as demand woes persist. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Lenskart IPO plans
■ Quick fashion plays ‘no return’ game
■ Mid-tier GCC hiring picks up


TCS to lay off 12,000 employees after tepid Q1

TCS

K Krithivasan, CEO, TCS

Tata Consultancy Services, India’s largest software exporter, is laying off over 12,000 employees—about 2% of its 613,069-strong workforce—as macro headwinds and disruptions weigh on business…



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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