Title: We Thought TCS was like Govt Job: Tech Mahindra Techie as TCS Announces 12,000 Layoffs
The recent announcement by Tata Consultancy Services (TCS) of laying off 12,000 employees has sent shockwaves throughout the IT industry. The news has sparked a debate on the future of jobs in the sector, with many wondering if the traditional notion of a job at TCS being a secure and lifelong career is a thing of the past.
A LinkedIn user who works as an engineer at Tech Mahindra recently shared his thoughts on the matter, saying that people used to consider a job at TCS as a “government job” – stable, secure, and lifelong. However, reacting to the news of the layoffs, he said, “But times have changed. AI is reshaping industries and no one is immune.” He added, “It’s a wake-up call for all…in tech.”
This sentiment echoes what many experts have been saying for some time now. The rise of artificial intelligence (AI) and automation has been transforming industries at an unprecedented pace, and the IT sector is no exception. As companies struggle to stay competitive, they are forced to make difficult decisions, including layoffs, to ensure their survival.
The notion that a job at TCS was a lifelong career is not entirely new. In the past, TCS was known for its reputation for being one of the most stable and secure employers in the IT sector. This was largely due to its massive size, diverse client base, and strong financials. However, the company’s announcement of layoffs has shattered this illusion, leaving many wondering what the future holds.
The layoffs at TCS are not an isolated incident. The IT sector has been experiencing a significant shift in recent years, with many companies downsizing and restructuring to adapt to the changing landscape. In 2020, Infosys, another Indian IT giant, laid off around 10,000 employees, citing the need to “right-size” its workforce. Wipro, another major IT player, has also been making significant cuts in recent years.
So, what’s driving these changes? The answer lies in the rapid advancement of AI and automation technology. These technologies have the potential to replace many jobs that were previously thought to be secure. According to a report by the World Economic Forum, up to 75 million jobs could be lost worldwide due to automation by 2022.
The IT sector is particularly vulnerable to these changes, as many of its jobs are repetitive and can be easily automated. For example, data entry, customer service, and basic coding tasks are all prime candidates for automation. As AI becomes more sophisticated, it’s likely that we’ll see more jobs being replaced by machines.
But it’s not all doom and gloom. While AI may be replacing some jobs, it’s also creating new ones that we can’t even imagine yet. According to a report by Gartner, AI is expected to create 500,000 new jobs in the next few years, primarily in areas such as data science, machine learning, and AI development.
The layoffs at TCS and other IT companies serve as a wake-up call for the industry. It’s clear that the traditional notion of a job at TCS being a lifelong career is no longer applicable. The future of work is uncertain, and it’s up to individuals to adapt and upskill to remain relevant.
As the LinkedIn user from Tech Mahindra said, “Times have changed. AI is reshaping industries and no one is immune.” It’s a message that resonates across all industries, not just the IT sector. The key to success in this new world is to be agile, adaptable, and willing to learn.
In conclusion, the layoffs at TCS are a stark reminder that the future of work is uncertain and ever-changing. While AI may be replacing some jobs, it’s also creating new ones that require specialized skills. As the industry continues to evolve, it’s up to individuals to adapt and upskill to remain relevant. As the LinkedIn user from Tech Mahindra said, “It’s a wake-up call for all…in tech.” Let’s hope that it’s a call to action for individuals to take control of their own careers and future.
Source: https://www.linkedin.com/feed/update/urn:li:activity:7355228053913980928/
