Tata Consultancy Services (TCS) is ‘not contemplating any layoffs,’ the multinational IT agency’s Chief Human Resources Officer (CHRO) has mentioned, along with his assertion coming at a time when IT corporations, together with tech giants similar to Google, Meta and Twitter, amongst others, have laid off staff over causes similar to cost-cutting, poor efficiency and many others.

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“We believe in grooming talent in the company…there will be no layoffs. Once a staff member joins, it is our responsibility to make them productive, and derive value,” mentioned Milind Lakkad, the Mumbai-headquartered organisation’s CHRO, in an interview with PTI.

Lakkad added that corporations are compelled to terminate staff as these rent ‘more people than required.’ TCS, alternatively, is ‘cautious’ in its method, he remarked.

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He additional introduced that TCS employees members will, in actual fact, obtain wage hikes much like those within the earlier years.

On folks dropping jobs with startups, Lakkad mentioned Tata Consultancy Services will ‘like to hire such impacted workers,’ particularly these with expertise in person expertise design, synthetic intelligence (AI), cloud points, and product expertise.

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“It is a really massive canvas, we’re doing thrilling work throughout completely different industries in numerous applied sciences. I believe all of that requires some phenomenal expertise to come back in and take part. We are getting it clearly from startups, individuals who have really accomplished some good work in these corporations and have short-term profession challenges,” mentioned the lead HR.

TCS has a complete workforce of greater than 6 lakh staff. Of these, in response to Lakkad, greater than 2 lakh (together with 1.1 lakh trainees) had been inducted over the previous yr.