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Pro
Yes , existing clients are not renewing projects and new ones are not coming at all. that's why tcs is accelerating layoffs and hiking ceo pay
Rising Star
so thats not incapability of ceo that new projects are not coming, why is he given a raise?
Yes. TCS is sinking
Rising Star
Tcs losing development projects. But we are also winning support projects.
Chief
That is industry wide trend,even support are coming few.
Pro
Yes
Rising Star
😟
Okay sir
TCS has dug it's own grave
Ltimindtree is even worse than tcs .... probably the worst in india.
Okay sir
Chief
It's not only tcs. The IT service model is Fckd up right now.
Every damn company has stopped senior hiring. Service industry is very unstable and it can go either way.
Chief
100%true, these services based did not reinvent,hence facing difficult times.even in house like JPMC,HDFC Bank etc have stopped hiring and little hikes as attrition is almost none.
Yes , many clients have either left or not giving tcs new projects and are either opening gcc or going to other sbc