In a recent interview, TCS CEO and MD, K Krithivasan, discussed the significant job scam and financial losses faced by Tata Consultancy Services. Despite these challenges, TCS remains optimistic about client investments in technology projects. The CEO assured that the job scam was an isolated incident and not a systemic failure, emphasizing the company’s robust systems.
To improve margins, the company aims to reduce subcontracting and shift more work offshore. This strategy may impact the top line but is expected to positively affect margins. TCS remains focused on delivering value to clients and leveraging emerging technologies to drive efficiency and growth.
Chairman Natarajan Chandrasekaran expressed deep concern over the job scam and assured shareholders that strict measures would be implemented to prevent such incidents in the future. The company is strengthening engagement with staffing firms to ensure ethical conduct and integrity.
The esteemed organization has terminated the employment of six individuals involved in the scam and blacklisted six staffing firms. Investigations are ongoing regarding three other employees. The company is committed to upholding ethical standards and taking decisive actions against violations.
The statements by TCS leadership address the job scam and emphasize the importance of integrity in operations. The company remains determined to strengthen its engagement with staffing firms and ensure ethical conduct.
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