TCS likely to bring its employees back to the office by year-end

It has been nearly 2 years since the companies were disrupted due to the pandemic and subsequent lockdown. Now all the IT companies are planning to slowly open their offices and bring back employees into the office. India’s top IT services company Tata Consultancy Services will ask its over half a million employees to return to office by the end of 2021. After the majority of the employees receive both doses of the COVID-19 vaccine, they will be welcomed by the company to the office. 

The multinational IT firm expects 70-80 percent of people to return to office-based on how the third wave pans out.  “We expect that sometime towards the end of the calendar year or early next year, and depending on how this third wave turns out, we will get back to 70-80% (of the people) in the office,” TCS chief executive officer Rajesh Gopinathan told media. Gopinathan added that TCS has no plans to utilize its market cap of around $195 billion for acquisitions. The market capitalization of Tata Consultancy Services (TCS) went up by Rs 44,832.5 crore to Rs 14, 20,935.10 crores. As of September 5, TCS is the most-valued firm after Mukesh Ambani’s Reliance Industries.

According to reports, TCS contributes nearly 15% to the country’s $150 billion software exports and employs 10% of the country’s 4.6 million IT workers. TCS envisions a hybrid model of work where only 25% of its staff will work from the office by 2025. Through this, the company is aiming to utilize the vacant real estate space to house its laboratories and Research and Development (R&D) facilities, besides using it as modern-day workplaces for its employees.