look news india
New Delhi: Indian IT veteran Tata Consultancy Services (TCS) is undergoing a major restructuring, which can be retrenched by more than 12,000 employees from the company. This step is being taken especially at a time when the deployment of Artificial Intelligence (AI) is increasing and discussions on the possible impact on its employees are also intensified.
Why is it being trimmed?
The management of TCS has described this trimming as a natural part of ‘restructuring’. The company is taking this step to streamline its organizational structure and bring more efficiency in certain areas. One of the main reasons for this is also believed to be the increasing use of AI and Automation, which may reduce the need for human labor for some specific roles.
Relief for affected employees:
However, TCS has also assured that employees who will affect the job will be given proper benefits. This may include arrangements such as Severance Pay, Outplacement Counseling facility, and help in finding new jobs. The company says that their purpose is to make this change as less painful for employees as much as possible.
AI’s increasing influence:
This trimming also underlines the increasing dominance of AI and automation. As AI is able to perform various tasks more efficiently, its impact on the roles and employment of employees in many industries is being seen. IT giants like TCS are on the advance front of this change.
What are the further signs?
This trimming can be an indication for the IT sector that in the future AI and automation are going to have a greater impact on employees’ employment. Both employees and companies have to be ready for these changes, including continuous learning and development of new skills.
There is not the only IT company to take steps like TCS, but many tech companies are reecting their employees globally.