Tata Consultancy Services (TCS), a major IT company in India, has experienced delays in onboarding several lateral hires. These are experienced professionals who were initially facing a one-month delay, but now the onboarding process has been pushed back by at least three to four months. The delays are due to its project postponements and a decrease in the company’s tech budget.
Over 200 lateral recruits in cities like Bangalore, Pune, Kochi, Bhubaneswar, Delhi NCR, and Indore have been affected by these delays. These hires were made by TCS between January and April of this year.
The IT giant has been accused in bribery cases that have recently surfaced that also maligned the company’s reputation and trust of people.
TCS is set to release its first-quarter earnings on 12 July, but the company is expected to confront difficulties consistent with the sluggish IT sector performance. The slower conversion of potential deals into actual contracts has resulted in decreased resource utilisation and profit margins. Project cancellations and delays have further contributed to these challenges, impacting TCS’s revenue generation and profitability.
Despite these difficulties, TCS is actively hiring and has a significant number of open positions across various departments and experience levels, as seen on its LinkedIn page.
While TCS denies seeking bribes for recruitment, it has acknowledged unethical behavior within its human resource department and ensures fair practices in the recruitment process.
