In USA, the business climate has gone down the tubes. With the uncertainty created by the US election and general slowdown of the US economy, TCS consulting pipeline has dried up and what business remains has a severe margin pressure constraint.
Supervisors are desperately trying to send anybody on the bench into a billable WON or they will be let go.
Keep you LinkedIn updated, keep communicating with your network, clean-up your resumes. The layoff may happen later in 2024 or early 2025
God bless
5 replies (most recent on top)
Exactly same thing happened with me. After getting a project, RMG keeps saying that I am not available and after 3 weeks they let me go. No explanation .. Nothing . No help from HR or RMG. It was all planned .
I was laid off after finding a position and the account requesting the WON and REG, RMG told them I was not available and for two weeks would not tell me why nor respond. My HR never was available and did not even try to help although he was on copy on all emails. I had almost 4 years with company and always a band B rating. What a joke. I was offered 4 weeks severance which I hear they do when they are wrong. To this day, still getting calls on potential assignments since no on appears to have noted my termination.
It happened to me, in the last 10 days.
10 years.... with TCS at a client position, B grade review or better.
Worst time of the year for this cr-p, and $500 in the bank.... uggg.
Client Im working with needed Knowledge transfer, as I was the only person doing my job for 7 years, and gave me an anticipated out date, so at least I had a buffer, just not much.
TCS gives ONLY 3 weeks currently on the bench, or out, no exception.
IF your paperwork for the next client is not FULLY finished by the last day, its a phone call, no extension, if you find a client on the last day. HR must have everything fully done, by the last day.... even then might be too late.
They do pay out VACATION time, NOT sick time.
Good Luck
The last quarter earnings basically said North America consultancy has slowed down, but to say the economy has slowed down is wrong. People are still spending and the stock market just keeps pumping.
Confirming what I am hearing is similar re:TCS layoffs...