Within the wake of Tata Consultancy Providers (TCS) asserting layoffs, a rising refrain of criticism is focusing on high administration throughout the tech sector for dodging accountability throughout downturns. Gurmeet Chadha, Managing Accomplice & CIO at Compcircle, took to X (formally Twitter) to voice his disapproval, calling out the hypocrisy of excessive government pay amid widespread job losses.
“All tech corporations CEOs earn ₹50-100 crore yearly with bonus & inventory choices. Why isn’t the primary hit taken by high mgmt?” Chadha wrote in his publish. “In my Citi stint as effectively, high mgmt was rewarded for chopping jobs. Then do that drama of ‘we r household’, HR head known as Chief Individuals Officer & fancy names.”
TCS on July 27 introduced plans to chop 12,000 jobs as a part of a broader operational restructuring — the most recent in a collection of layoffs rocking the worldwide tech business. From Silicon Valley giants to Indian IT majors, the sector has seen 1000’s of job losses prior to now 12 months, citing macroeconomic uncertainty, digital transformation shifts, and AI-led effectivity drives.
The timing and tone of those layoffs have reignited debates round government accountability. Critics argue that whereas odd staff face pink slips, high executives proceed to gather multi-crore paychecks, usually padded with inventory choices and bonuses.
Chadha’s remarks have struck a chord on-line, the place a number of customers expressed related frustration over company priorities.
“IT cos might doubtless generate the identical income with simply 25% of its present workforce if it invested in coaching staff to successfully leverage new instruments and applied sciences. Or with present workforce, they need to be doing 4 occasions the income! They usually nonetheless lower their steering! Clearly they aren’t pacing up with the world! India’s low-cost benefit is slowly going away with AI development!” one consumer commented.
One other pointed to deeper structural points:
“In coming years we are going to see extra layoffs and folks will blame it on AI or slowdown in IT sector. We solely deal with servicing and never innovating sufficient and spending on R&D to deliver world-class merchandise. This layoff announcement by TCS is only a tip of the iceberg. Subsequent will probably be Pharma, as their important revenue comes from the US market, which goes to be dented by the Trump Administration. If you do not have world-class merchandise and firms, you’ll at all times languish behind asking for extra. Extra jobs will probably be misplaced throughout sectors and blame recreation will proceed until the issue is addressed from the foundation.”
A 3rd publish echoed Chadha’s sentiment on management duty: “Precisely the purpose — when an organisation is just not doing effectively, it ought to be these on the high who ought to take possession & take a ten–20% pay lower, as they’re those who take all of the credit score when going is nice.”
