Categories: Trending now

TCS’ 80,000 skills gap; world’s largest ‘AI-ready workforce’ and more

India’s largest IT services company Tata Consultancy Services (TCS) is facing a significant challenge filling a massive number of open positions. During a town hall earlier this month, the global operations head of TCS‘ resource management group (RMG) Amar Shetye revealed that the company currently has thousands of open positions that it is not able to fill due to the skills gap.
Shetye put the number at 80,000. For those unaware, the RMG team at TCS is responsible for allocation of available resources to various projects across the company and in case of any shortfall, fill such requirements through contractors. These contractors are on the roles of the hiring agencies and may or may not be hired as permanent staff by the company.
The reason for the skills gap is said to be a mismatch between the skills possessed by employees and the roles in demand.
An employee who attended the townhall anonymously told TOI, “We were told that either skillsets or employee aspirations are not matching project requirements. However, at TCS, no associate is forced to take on a project if they are not comfortable with it.” Another employee on the bench added, “He told us that we should consider ourselves fortunate that the firm is not laying off employees for not being mapped to any project unlike other firms.” The company’s recent annual report revealed that 33% of job requirements are currently being met by grooming existing talent.
“TCS has the world’s largest AI-ready workforce”
Post the announcement of fourth quarter results, TCS CEO K Krithivasan said that the company has built one of the largest artificial-intelligence-ready workforces in the world. “TCS is currently working over 200 engagements in GenAI with our clients and foresees a promising pipeline of future work across all industries,” he wrote.
TCS posted strong performance in the fourth quarter of the fiscal year 2024-25. “This is a quarter of strong deals and execution for us. Continuous focus on operational excellence helped us achieve a 26% operating margin.” The management also said that deal wins were “across markets, industries and geographies.”
The Mumbai-headquartered company said that it had signed new deals totalling $13.2 billion in the fourth quarter, which is one of the highest ever for the company even as it signalled a cautious turnaround for the industry. The company added that the pain may be bottoming out and FY25 will be better than FY24.
TCS’s Gen-AI deal pipeline is said to have touched $900 million. “Our Generative Artificial Intelligence (AI) pipeline has surged to $900 million, marking a doubling in value. The Total Contract Value (TCV) of the deal comprises primarily standard-sized deals, with the exception of a significant win secured in Q3,” the company said in its earnings report.
TCS sees headcount fall first time in 19 years
TCS’ full year headcount fell for the first time in 19 years. The company reported a quarter-on-quarter decline of 1,759 in its headcount for the fourth quarter of FY2024-25. TCS concluded the fourth quarter with a workforce totaling 601,546 employees, with women comprising 35.6% of the total.
AD
News Today

Recent Posts

Kareena Kapoor’s Next Untitled Film With Meghna Gulzar Gets Prithviraj Sukumaran On Board

Kareena Kapoor is working with Raazi director Meghna Gulzar for her next film. The project,…

20 hours ago

Purdue basketball freshman Daniel Jacobsen injured vs Northern Kentucky

2024-11-09 15:00:03 WEST LAFAYETTE -- Daniel Jacobsen's second game in Purdue basketball's starting lineup lasted…

20 hours ago

Rashida Jones honors dad Quincy Jones with heartfelt tribute: ‘He was love’

2024-11-09 14:50:03 Rashida Jones is remembering her late father, famed music producer Quincy Jones, in…

20 hours ago

Nosferatu Screening at Apollo Theatre Shows Student Interest in Experimental Cinema – The Oberlin Review

2024-11-09 14:40:03 A silent German expressionist film about vampires accompanied by Radiohead’s music — what…

20 hours ago

What Are Adaptogens? Find Out How These 3 Herbs May Help You Tackle Stress Head-On

Let's face it - life can be downright stressful! With everything moving at breakneck speed,…

21 hours ago

The new Mac Mini takes a small step towards upgradeable storage

Apple’s redesigned Mac Mini M4 has ditched the previous M2 machine’s SSD that was soldered…

21 hours ago