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IT layoffs 2024 in India have been a tough phase for all IT employees. The future of IT industry looked shaky because of back-to-back TCS Layoffs, Infosys Layoffs, and Wipro layoffs as well. In this video, we try to cover how bench period in TCS or bench period in Infosys is linked to IT layoffs 2024. IT layoff news can be predicted with some certainty if we look at the TCS bench policy in the last few years.
Bench period in WIpro or bench period in Capgemini is very similar to bench period in IT companies across India. During this period, an employee is not actively working on any project. Did Infosys fire bench employees during the recent infosys layoffs? This question can be answered if we look at the historical employee utilization data from different IT companies.
Starting with TCS, we can notice that employee utilization has dramatically increased over the last few years. This means that more TCS employees are now working on active projects rather than being on the bench. This can sound like positive news until you hear that this might be because of the clients’ unwillingness to pay more for the IT employees at TCS. Bench period in Cognizant and bench period in HCL can also be linked to the news related to their hiring slowdown or even layoffs.
IT layoffs India have definitely been impacted by the bench period in IT companies. The future of IT Industry India depends on the factors related to the bench period policy in various IT companies. TCS bench policy or Wipro bench policy may have a big impact on the layoffs 2024 and the way it impacts the overall future of the IT industry in India. Hope you find this video valuable, see you in the next one.
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About Me
I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video
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Chapters
0:00 - Intro
0:30 - Utilization Metric Importance
1:08 - What is Utilization Rate?
2:22 - Old Utilization Rate
3:13 - Why Utilization rate increased?
6:03 - Bench to layoffs
6:56 - Banking Collapse
8:31 - Impact on IT Employees on bench
10:14 - Outro
Негізгі бет Ойын-сауық Reality of High Utilization | IT Layoffs 2024 - Will TCS Wipro Infosys FIRE Bench Employees?
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