The emails instruct the employees to move to newly assigned locations within two weeks. The email also noted that based on the company’s policies, employees will be able to reimburse travel and accommodation costs.
The recent developments hint towards the Indian IT sector phasing out remote work and bringing employees back to offices. This comes at a time when major IT players are trying to reduce inefficiencies
The Indian IT sector is facing headwinds due to the broader macroeconomic conditions and cutbacks on discretionary spends. Amid this another prominent trend is multiple senior level executives exits
Q2 earnings preview: TCS, which will declare its results on October 11, is expected to report a muted quarter, with PAT estimated to be up by 0.8 percent QoQ at Rs 11,162 crore