TCS To Hire 40,000 Freshers But Fires 16! What’s Going On?

Curious about what’s happening at TCS? The IT giant plans to hire a whopping 40,000 freshers, but there’s a twist. They’ve also just fired 16 employees and banned 6 staffing firms over a recruitment scam.

Alright, let’s dive into what’s been happening at TCS, one of India’s biggest IT companies. There are two major news updates: one about hiring freshers and the other about a recruitment scam.

Freshers Getting Jobs

On one hand the global tech giants including Sillicon Valley are doing massive layoffs, but TCS is planning to hire a lot of new talent. CHRO Milind Lakkad said they’re likely to onboard around 40,000 freshers. Campus hiring is a big deal for them, and it’s going to continue. He added that this number might see some small changes depending on how their projects go.

Also Read: Is TCS Building ChatGPT-Like AI Generative Technology?

The Recruitment Scam

Now, there’s also been a hiccup. TCS fired 16 employees and banned six staffing firms. Why? There was a recruitment scam. These employees and firms were doing unethical activities to favor certain hires. They broke the company’s code of conduct. So TCS kicked them out to maintain their ethics.

Milind Lakkad’s point about the 40,000 hires means TCS is still very much focused on growth and bringing in fresh talent, even though they’re also tightening up on rules to prevent scams.

Effects On TCS Shares

As for TCS stocks, they fell a bit after this news. But it’s not a big drop, just around 0.75%. Stocks go up and down, and TCS is a solid company. So, chances are they’ll bounce back soon.

Also Read: Nvidia and Tata Group to Build AI Supercomputer

Why All This Matters

TCS is a respected and honest company. They did the right thing by firing those involved in the scam. If you mess up, you’re out, simple as that. As for the stocks, small issues like these usually get ironed out. TCS is likely to recover soon.

Meanwhile, TCS is still on the path of hiring a lot of freshers while ensuring that their reputation stays clean. They’re taking hits but are more than capable of bouncing back.