TCS layoffs: IT-major says ‘speculations are misleading’ as employees union protests against 12,000 job cuts

An information technology employees union has protested Tata Consultancy Services’ (TCS) decision to lay off 2 per cent or 12,000 of its employees in July. The Union of IT And ITES Employees (UNITE) on August 20 has alleged that TCS is replacing the 12,000 laid-off employees with freshers at significantly lower pay, and that the job cuts are wider than reported. It also demanded that the company re-skill and up-skill impacted workers.

How has TCS responded?