#70HourWorkWeek#TCS#Infosys
60,000 post covid Unlock in a blind belief that the Deal pipeline would come through??
That disastrous step, mimicked by Infy, Wipro, HCL et is at the root cause of this draconian measure.
Failure of Management = Punishment to the Team!
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#70HourWorkWeek#TCS#Infosys
with children uprooted for new Projects, not even a job change!
This is setting the stage for mass Layoffs.
Why now? Because the industry is facing a slowdown, utilization pressures- Brought about by inefficient hiring practices! Why did TCS hire
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#70HourWorkWeek#TCS#Infosys
Multiple issues already noticed by observers in the IT industry:
👉 Roles unrelated to their training. A Java Developer now working in a Support Project needing Java and Python!
👉 Struggling to find assignments in their home locations. Families..
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#70HourWorkWeek#TCS#Infosys
⚠️Industry estimates show that around 15–18 per cent of employees at major Indian IT firms are typically on the bench i.e ~ 8 LAKHS on the bench!
8 Lakhs Employees!
This is the risk if the TCS policy cascades across IT.
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economictimes.indiatimes.com…
#70hourWorkWeek#TCS#Infosys
"Even a short period of unavailability is met with veiled threats, warnings, or HR inquiries,” Business Standard reported.
This policy must not be permitted Or else the IT industry will see a severe repercussion in terms of employee health.
#70hourWorkWeek#TCS#Infosys
marked by excessive control and constant surveillance. Furthermore, it fosters an environment where workers are treated as liabilities rather than assets and are expected to be available at all times without taking personal time off
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#70hourWorkWeek#TCS#Infosys
Tripartite panel to regulate and monitor fair labour practices across the IT sector.
NITES has urged the Ministry of Labour and Employment to direct TCS to suspend its 35-day bench policy.
The 35 day bench policy creates a working environment
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#70hourWorkWeek#TCS#Infosys
And all of this before TCS introduced it's draconian 35-day bench (or fire unofficially) policy.
The Nascent Information Technology Employees Senate (NITES) now has intervened advocating for the establishment of a
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india.com/business/bad-news-…
#70hourWorkWeek#TCS#Infosys
No firm directly admits mortality rates from these issues in the IT sector.
Only 2 cases - Anna Sebastian Perayil & Saurabh Laddha both of whom died of overwork/ stress caught everyone's Attn.
Real figures are estimated to be in hundreds
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#70hourWorkWeek#TCS#Infosys
A study shows > 80% of IT workers in Hyderabad showed signs of metabolic dysfunction-associated fatty liver disease, & 51.2% reported stress, with a 10x higher risk of depression. These conditions increase the risk of premature death, but
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#70hourWorkWeek#TCS#Infosys
Employers often avoid reporting stress-related or health-related deaths to evade legal scrutiny, and private hospitals may not document these as work-related.
👉Only 62.6% of Nifty 500 companies adhere to safety standards incl IT as of FY23
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#70HourWorkWeek#TCS#Infosys
..& almost always too late in the event of an employee's health issue.
👉 #NASSOM does not maintain a database on medical or health issues in IT sector
Increasing instances of Insomnia, Heart diseases, diabetes et often linked to long working hrs
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#70HourWorkWeek#TCS#Infosys
Finally, they Admit it!
"The churn is being linked to PANDEMIC -era OVER-HIRING in FY22, when IT firms brought in costly mid- to senior-level talent to meet surging demand"
👉Failure of Management = Punishment to Team!
moneycontrol.com/news/busine…
#70HourWorkWeek#TCS#Infosys
12,000 employees fired even after a Net Profit: ₹46,099 crore/$5.62 billion, a 9.0% incr year-on-year from FY23❗️
2.92% - saving is the cost for destroying 12,000 employees & their families.
@TCS Shame on you.
hindustantimes.com/business/…
That’s 10 hours a day, 7 days a week or nearly 3 full days of your week spent working.
When work starts feeling like a full-time identity, not just a job, you have to ask: Are we chasing success, or sacrificing life for it?🏃
#Hustleculture#70hourworkweek
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#Infosys#LTIMindtree#70hourworkweek
If shamelessness had a face.
Meet Larsen & Toubro Chairman S N Subrahmanyan - gave himself a 50% (!) hike & took home ₹76 Crore.
👉Demands his employees work 90 hrs per week, BUT gave them a 2% Hike in '24❗️
economictimes.indiatimes.com…