Tcs Layoff?!

Folks, Have you heard of senior layoffs since Apr’24 in TCS, Infy, Cogni or Capgemini?

List of companies doing silent layoffs using PIP and Cultural fit issues. Myntra Flipkart Meesho Cars24 Smallcase

I am on bench since 2.5 months. Most of the positions for which my profile was shared with is put on hold. I am regularly visiting the RMG and I am regularly following up with the managers with whom my profile was shared with. 2 accounts rejected me after Client Evaluation due to mismatch in skills. I have 4 YOE. Have heard stated rumors stating that TCS is planning to lay off benched folks after the elections. Not sure how far it's true.

Is there any layoff happening in HCL

What could be the reason behind decreasing headcount ofTCS?

The world economy as we know is stabilizing but its just the US economy that is stabilizing there is a real cash crunch happening at most startups and its effect have started from the last week One of the companies in which my friend is working Spyne.ai layed off closed to 20-30 folks across various departments tech, marketing, sales , product, hr and ai their total workforce is around 80 employees Insider news also states they even fired their chief of product, and its becoming tough to sustain, they even gave esops to employees on a valuation they havent achieved yet during appraisal season It was a forced resignation, 2 3 folks were even said leave we wont be giving you any severance. Yesterday even recieved news off layoffs inside TCS(US), myntra and navi Even hearing news from zs and paytm that they might start a fresh round of layoffs