More than 1L employees resigned from TCS This happened in the last 1 year Here is why

TCS employees over 6L people that's a churn or over 18% in a year

When I was back in college, I would hear my classmates having a dream of joining TCS once they finish college.

It was once of the biggest reason why everyone wanted to get a CGPA over 8 So that they don't have to sit for the written exam and directly get into interviews.

Well, there was something that attracted a ton of people towards a job, That was not the salary of 3.2LPA

But STABILITY You see IT a few years back was contained to massive service-based companies, TCS, Wipro, Accenture, Cognizant etc

Either you make it to one of these, or if you are a real genius you would make it to likes to Google, Microsoft etc

Or else, you are down to mostly no job or getting into very unreliable small companies.

Well now those small companies are causing ripples and affecting the big boys How?

Those small companies are now called startups and the best of the startups are backed by good VC funds,

and more importantly, Startups value good talent and pay well ( yes it is still riskier )

With covid coming into the picture, people realised they could work from anywhere and now are accessible to companies all over the world, and more importantly, they have realised having a job is not always stable per se.

They want to be valued, They want to own a share of the big pie, and with the rapid growth of companies all across, there are more and more opportunities all around.

That is leading to massive churn in companies all across. The best talent is moving out. It's going to be quite interesting to see how Tcs and many other companies tackle this.

Well, this is my take, what are your thoughts on this?