The IT giant Tata Consultancy Services (TCS) has delayed the joining dates for new recruits. Initially set for October 21, 2024, the on-boarding has now been postponed to January 2025. This sudden change has left many job seekers anxious. But what’s behind the delay?
Why Did TCS Delay On-boarding?
Several factors seem to be contributing to TCS’s decision:
- Economic Slowdown
Like many tech companies, TCS is navigating a challenging economic environment. Global tech budgets have shrunk, and project delays are becoming more common. These factors are forcing companies to cut costs and delay hiring. Sources indicate that TCS has postponed new employee on-boarding due to these budget constraints and slower project commencements. - Internal Issues and Scandals
TCS has been dealing with internal challenges, including a hiring scam that shook the company. Staffing firms were bribing senior executives to gain preferential treatment. The company has taken disciplinary action by firing employees involved and banning the firms responsible. This internal restructuring could also be causing delays. - Ongoing Project Delays
TCS is currently dealing with several delayed projects. This has left the company with limited bandwidth to accommodate new recruits immediately. Instead, the firm is opting to phase in the new hires in 2025 when the situation is expected to stabilize.
Insights from Fishbowl
People on Fishbowl are sharing their frustration over this sudden change. One user mentioned that they had already resigned from their current job, with October 18 being their last working day, only to get a call from HR on October 11 informing them that their TCS joining date had been delayed to January. This has left many scrambling to figure out what to do next. Others in similar situations are now uncertain about their immediate plans.
What Does This Mean for New Hires?
The sudden shift has left many in limbo. Some candidates had planned to join TCS and now face financial uncertainty due to the unexpected delay. Unions have even filed complaints urging TCS to provide financial support to the affected employees.
For now, TCS seems focused on managing its internal issues while balancing the economic downturn. However, this delay is a stark reminder of the volatility in the tech industry today.
Source: India Today, Livemint, Trak.in, Fishbowl
You may also want to read Trapped Between Science and Superstition: A Shocking Story
