TCS is making huge profits but is retrenching 12,000 employees..

The recent retrenchment of 12,000 employees by Tata Consultancy Services (TCS) is a classic example of how big corporates are exploiting the working class. TCS has made a huge profit in the last financial year of 2024-25. Still, the Company has made a massive retrenchment of 12,000 of it's employees. This will substantially increase the work-load of the remaining employees. Let us have a look at the financial condition of the TCS. The TCS has reported a consolidated revenue of Rs.2,55,324 crore for the financial year 2024–25. This is a 6.0% growth over the previous financial year. It is also a fact that, the TCS has the highest operating profit margin of 24.3% in the industry. In the financial year 2024 -25, the TCS has paid a massive dividend Rs.45,588 crore, which is a 20% increase over the previous year of 2023-24. Revenue per employee stood at Rs.42.45 lakh in the financial year 2024 -25, which is an increase of 15.8% over the previous year. It is most important to note that, the CEO of the TCS has received a double-digit pay hike of Rs.28 crore. When the company is making such huge profits, the employees are denied a wage hike. Further, the employees working in the IT companies like the TCS or denied of their labour rights also.