Infosys Q2 results beat street but weak guidance sends ADRs crashing 7% in New York trading 
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https://www.moneycontrol.com/
TCS Q2 Results: With low near-term visibility, analysts expect better days only in FY25
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https://www.cnbctv18.com/

Software Developer

TCS and Infosys came out with their quarterly results and the results were in alignment with the predictions. But the management were keen on cutting the future growth aspects there was a cut in fu...

Welcome to Software Engineers's Private Community

TCS and Infosys came out with their quarterly results and the results were in alignment with the predictions. But the management were keen on cutting the future growth aspects there was a cut in future number expectations and the tone was a bit tense overall. What can we make of it? How does this affect the future of the JOB Market? Will they have to increase their headcount for growth? Won't the IT Industry require more force to push more hard?

Let's discuss. 🎤🎤🎤

What can we make of the recent TCS & INFY numbers ?

What can we make of the recent TCS & INFY numbers ?- Grapevine

Is 2024 gonna be even bad year for job seekers. Last 1.5 years was terrible. Please share your thoughts

2024 Outlook for Software job seekers

Software Engineer

With big corporate giants like Google, Apple, Bain, Tesla, Amazon etc. laying off staff in the name of cost reduction, automation&innovation and restructuring while at the same time tech companies like Accenture not awarding any yearly hikes to professionals for 2 consecutive years now, where do you see the IT/Tech/Consulting industry heading towards in next couple years down the line? By when is the market expected to revive? Which companies are still committed to ensuring job security along with high pay standards or is that a thing of the past? Please enlighten me😊

Layoffs everywhere?

Senior Consultant

Welcome to News Discussion's Private Community

What does unemployment around you look like? Or if not around us, for people trying to come out of Tier 2/3 towns. These mass recruiters (behemoths like Capgmeni & Cognizant + TCS Infosys) are actually the gateway for many into a city life. In the absence of it, it's scary to think what they're up to.

What happens to those 1.5L students/professionals? Scares me everyday.

We probably will see an unprecedented economic divide in this country going forward if the unemployment rate stays this high. 
 And we know for a fact the government has tried to suppress this number to paint a rosy picture

Founder

Corporate Strategist

Welcome to IT Company Discussion's Private Community

Future of IT industry in India?

System Administrator

I joined this mid level product cum service based company 3.5 years back and got around 5 increments with average of 40% hike each time.

This year they have increased by just 5% and also they promised they won't layoff any current employees which is a good sign.

Is this expected seeing the current scenario around IT world?

Got a salary hike of 5%. Is this expected in the current layoffs going on?

TCS is one of the biggest IT companies in India, so I am assuming they pay their employees well. One of my acquaintances was really upset that he got only a 2% hike, which is really very low. Is this an exception, or is this how much hike they give in TCS?

TCS hike 2024

IT Assistant

Welcome to Indian Startups's Private Community

A questions to the IT vetrans. Many of us wants to know, Is there any possibility of the current IT market to be stable in 2025?

Hi everyone, I wanted to know which company is better, TCS or Accenture? 
I know both are top companies in the IT sector, but where I can get more salary? How is the work culture in these companies? Thanks in advance.

TCS vs Accenture

System Engineer

I am seeing a lot of layoff related posts everywhere from news articles to LinkedIn.. Is the Job market really that bad now? Or just the media is projecting that way? 

If it's really bad, which department you think is the most affected? How's layoffs specifically in India? Or is it layoffs in US but more hiring in India due to cost cutting? 

Are layoffs in technology/engineering dept as in for developers or some other departments? Your thoughts please..

Job Market right now in India?

It is really bad right now 
 1. Layoffs in many of the companies, irrespective of whether they're a startup or a big MnC. 
 2. Almost everyone I know of wants to switch, because of no/less appraisals from last 2 years 
 3. Bad work life balance - people thinks switching might help 
 4. Too much competition for any open position. Because of too much supply, companies are low-balling and people would accept the offer.  
  
 Recruiters ghosting is too common. Even if you've killed in your interviews and recruiters get someone who's ready to join on less pay, they'll simply ghost you.

Welcome to Office Gossip's Private Community

90 days notice period required, non-compete agreements get signed but when they want to layoff..woosh! Pack your bag and F*** Off!

Wirpo joins the lay offs bandwagon.

Chartered Accountant

Week back there were posts by linkedin engineers that linkedin is hiring SDEs and anyone can as referral and today they laid off 700 people.

Like whats happening man!!! Is the company dumb or what?

LinkedIn Layoffs India

(1) Reduce cost of human capital -> (2) Post better EBITDA numbers in earnings calls -> (3) Get big bonuses and sell your equity if its value is rising -> (4) Hire a lot of people again so that you can repeat this cycle again to profit

TCS says workforce down by 6333; Infy head count down by 7250 & HCL Tech’s down by 2299. Not good news from an employment angle.

Hiring down

IT Boom again?

Business Analyst

Do you think TCS should increase hike % to minimum 7%?

Operations Manager

Hi everyone,
I’m considering offers from TCS and Infosys but have heard some concerns that I'd like to clarify. Specifically, if I accept an offer from either company and then decide not to join, how long might they block me from future opportunities with them? Additionally, I’ve heard that if you leave TCS after joining, they might not rehire you in the future. Has anyone experienced this or have more information on these policies?
Thanks for your insights!

Future Employment Restrictions with TCS/Infosys?

Given the market scenarios, would you quit your current job? While the report says 26% of people will quit for better pay, market scenarios suggest that it is time where Avg. CTC will go down for Tech & Non-Tech roles.

Let me know your thoughts on the same!

To Quit or Not Quit i.e. the Question!

Product Manager

When will the job market improve at start ups in India? What factors will drive the improvement? Job market = availability of jobs, better salaries, minimal layoffs

Job market - Indian startups

Data Analyst

Do we still have the impact of recession in the IT market?? If yes, can we see any improvement in the situations in near future?

Associate Consultant

- Tata Consultancy Services (TCS) slightly exceeded first-quarter revenue expectations but remains cautious about future growth due to volatile market conditions, according to CEO K Krithivasan.
- Customers are holding back on tech spending in preparation for economic uncertainties, impacting demand for Indian IT services since FY23.
- TCS reported a 5.4% rise in consolidated revenue to 626.13 billion rupees and an 8.7% increase in net profit to 120.40 billion rupees for the June quarter.
- The company secured deals worth $8.3 billion, down from $13.2 billion in the previous quarter, with significant contributions from mega deals like BSNL and Aviva.
- Analysts predict a demand recovery for the Indian IT sector in the second half of FY25, with a full-blown recovery expected in FY26, potentially boosted by an early rate cut in the U.S. 

 Source: Reuters

TCS Surpasses Q1 Revenue Estimates Amid Demand Uncertainty

Journalist

TCS organises an internal exam called "Wings 1" by which the new joiners can double up their salary. (They get extra incentives, it's added as a separate item in Salary Slip).

• No Fairness
• No transparency 
, just hope so that you get stuck in the loop.

So they organise this 3 times in a year so that they can cover the whole year. (Selling Hope of Getting Cleared Every Cycle).

> A few months back they changed rules as most of the people were on the verge of clearing it.
> There is no particular syllabus for most of the exams.
> If you are on the verge of clearing Required Tracks, you will potentially end up getting failed in one of them for sure.(you'll never know why !)
> There's no marking scheme.
> The exam centres are 50-60KMs away.
> You can't even see how many marks you scored.
> The Result comes after a month, that too is sometimes delayed.(This is the same TCS which organises JEE etc exams).
> If more people are clearing, they reshuffle marks (Happened in Earlier Cycle).
> Even after so many obstacles if you clear it: if your manager gives you C band it goes away...

they call themselves employee friendly 😂.

Most of the new joiners get stuck in this cycle & end up losing their precious time.

Someone should raise this issue. It should be in NEWS.

*********If someone is writing article on this then i can share SSs of Dashboard in ample amount which proves my point........

What can we make of the recent TCS & INFY numbers ?

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