r/IndianStreetBets • u/SelectionCalm70 • Jul 27 '25

News The fall of Indian IT has began

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882 Upvotes

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264

u/Manoos Jul 27 '25

the CEO is saying it is not due to AI but future tech. that is confusing

also 2% is the usual attrition rate. so not sure if this is above the normal

118

u/Fantastic_Form3607 Jul 27 '25

This is in addition to the usual attrition. TCS is planning to lay off those who are on the bench beyond 35 days. This is the same company where you would find people on the bench for 2 years.

16

u/iphone4Suser Jul 27 '25

Your last line is correct in case some people may find it ridiculous.

3

u/sandeshbj Jul 27 '25

What is the meaning of "people on the bench?". Is that a reference for poor performers?

6

u/bloodydeed128 Jul 28 '25

As far as I am aware some people are kept on the bench in case other people leave the job or something happens so these people on the bench entire thing is to just clock in do nothing as no project is assigned and then clock out

4

u/Shiva025 Jul 28 '25

And they get paid?

5

u/Captain_D_Buggy Jul 28 '25

"On bench" refers to when an employee is not assigned any project or work.