RMG SCANDAL
TCS layoffs: US techies allege Indian IT major of employment discrimination
According to a report in the Wall Street Journal, more than 20 employees have filed complaints against TCS, alleging preferential treatment towards individuals on H-1B visas.
TCS may grow in single digits this fiscal year: CEO K Krithivasan
The 59-year-old executive, who assumed office in June, said the investigation into the preferential treatment to recruitment firms by the TCS RMG has been concluded with a list of 19 employees against whom action has been taken for violation of the code of conduct.
TCS fired 16 over recruitment scandal, 19 found guilty
TCS said it has concluded its review of the allegations on the Resource management function (RMG) within the organisation.
TCS Q1 profit rises 17% on-year but outlook 'soft'
Revenue climbed about 13% on-year to Rs 59,381 crore, but trailed estimates due to increasing delays in project execution.
TCS Q1 profit rises 17% YoY but outlook 'soft'
"There is near-term softness because of uncertainty," said K Krithivasan at his first earnings call as managing director and chief executive of TCS. "Some of the low-return on investment (RoI) and non-critical investments are getting paused, deferred or re-prioritised."
Jobs Scam | TCS fires six employees, bans as many staffing firms: N Chandrasekaran
Addressing the 28th Annual General Meeting of the country’s largest IT firm, Chandrasekaran said TCS will review and tighten its supplier management process to ensure that incidents such as the recent jobs scandal at the software major are not repeated.
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Byju’s sighs, in relief; Prosus writes off ZestMoney investment; and BGMI’s India return
After a long time, it was Christmas at Byju’s as a US court rejected a plea by its Term Loan B (TLB) lenders to probe a $500-million transfer from the firm’s US-based subsidiary to other entities. Further, Byju’s claimed it had fully paid the provident fund dues of its employees, quelling media reports that alleged it was withholding PF monies. This and more in today’s ETtech Morning Dispatch.
TCS job scandal: Company writes to board members clarifying details about allegations
TCS was alerted about senior executives breaching corporate code of conduct to give preferential treatment to some recruiters at the company’s RMG (Resource Management Group) division.
TCS sacks four employees, investigating malpractice involving staffing firms
The recruitment activities in TCS are not handled by the Resource Management Group (RMG) as alleged, therefore the reference to alleged scam in recruitment process is incorrect, TCS said in a statement.
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