The Tata Consultancy Services (TCS) has begun to reduce its employees, who offer a break -up package of salary up to two years to the employees whose skills no longer match the company’s developed business needs, money control reports. This step comes giant to change the demands of the client, increase automation, and the need for a rapidly changing technology to be fit in the environment. According to the report, the restructuring will affect about 2 percent of the TCS workforce globally, which translates over 12,000 employees in the next year. Most of the affected people are among the senior level employees whose current skills are no longer aligned with customer requirements or who have not upcised to meet new business priorities.

TCS to cut 12,000 jobs, some employees offered 2-year-old dissected salary

Employees whose role is affected will receive a three -month notice period payment, after which there will be a dissected package from six months to two years salary based on their tenure. A source close to TCS told Money Control, “The lowest breakdown in this category is 6 months.” Those who have been uncontrolled or “on the bench” for more than eight months without finding a suitable role will get a simple package consisting of notice periods.

In its statement, TCS told India Today Tech, “Keeping in mind the values ​​of our company, people affected by our recent initiative have been provided care and support to the people affected by real skills, as they are due to them in every individual circumstances.”

Employees who have been on the bench for a long time can receive additional disconnections based on tenure, who potentially get about 1.5 years of salary in 10–15 years of service. Employees with more than 15 years of service, whose skills have become meaningless, can get salary up to two years. TCS is also providing assistance for career infections, including agency fees and coverage for three months, while in select cases, employees may have access to mental health assistance through the company’s “TCS Cars” program. Early retirement is also being given to employees who are eligible, with additional disconnections on the basis of tenure and providing full retirement benefits.

The CEO of TCS described the first reorganization as “one of the most difficult decisions” of his career. The report states that most of the workforce changes were implemented in August and September, only a few employees are still being assessed for alternative roles within the company. Without current assignments they can detect opportunities through the Resource Management Group (RMG), which helps to keep employees in various projects.