When TCS broke the news about layoffs, guess what happened to its stock price?
It fell by 3% in a week.
When Microsoft announced multiple rounds of layoffs over the past few months, they used more or less the same corporate jargon that TCS did: AI transformation, agile, future ready. The layoffs also impacted the same cohort of employees across both companies—middle and senior management.
And yet, the response couldn’t have been more different.
In this edition of The Nutgraf, we have Praveen Gopal Krishnan with an in-depth analysis.
What is The Nutgraf (Private)?
The premium, subscriber-only version of The Nutgraf podcast. Features full and uncut episodes.