Media reports had said the technology giant was laying off 5000 employees in India, joining the ranks of Cognizant, Infosys and Wipro in shedding jobs.
TCS has also reshuffled business heads. Krishnan Ramanujam, to whom all of the company's service heads will report, will report to new CEO Rajesh Gopinathan.
Three years of Modi sarkar's digital India initiative saw a range of crucial measures which went a long way in increasing India's digital engagement significantly from its past.
For employees ranked JL5 (job level 5) and below — typically those with less than eight years of experience — the compensation review will be effective from July.
The job cuts are also affecting mid-to-senior employees who are at the centre of the reskilling and restructuring conversations happening across the sector
Data traffic management practices employed by telecom service providers should not allow application-based restrictions and should not discriminate, Nasscom said.
A bunch from the workforce in Chennai is preparing for conciliation proceedings with the state labour department in what they claim is a fight against retrenchment.
The company said expects to end 2017 with revenue of between $14.56 billion and $14.84 billion.
Indian IT companies have said they will boost their headcount in the US as they grapple with the possibility of the new and increasingly restrictive changes to the H-1B visa program.
Wipros rearticulated values connect and resonate deeply with the new, vibrant, brand identity,” Azim Premji, chairman of Wipro, said in a statement.
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