Noel Tata to Restructure Workforce After Ratan Tata’s Passing
Following the death of Ratan Tata, Noel Tata has taken over the responsibilities of chairman and aims to restructure the workforce. Tata Group is one of the world’s largest companies, operating across multiple sectors, with Tata Consultancy Services (TCS) as one of its major entities. In addition, Tata Motors and other subsidiaries play a significant role in its success.
A recent report highlighted that the costs of direct project implementations pushed workforce expenses to approximately Rs 400 crore prior to 2022. Due to this, Tata Trust has decided to reduce certain management positions within the Trust, such as the Chief Financial Officer (CFO) and Chief Operating Officer (COO). Although this process began before Ratan Tata’s passing, the decision was officially taken after Noel Tata assumed the chairman’s role.
According to The Economic Times, the Trust also intends to reduce reliance on external consultants. The report, which quotes insiders, states that the decision follows an internal audit and financial review by the trustees. This review revealed that staffing costs had surged, reaching nearly Rs 180 crore. Moreover, project implementation costs further raised workforce expenses to around Rs 400 crore before 2022. These cost-cutting efforts, however, were initiated long before Noel Tata was appointed as the Trust’s chairman.
Currently, many tech companies are grappling with operational and financial challenges, leading several to lay off a large number of employees. However, Tata Group plans to hire 40,000 freshers by March 2025 in TCS , though the company may still consider restructuring its workforce in technology and other sectors.
Tata Consultancy Services (TCS) is set to hire around 40,000 freshers by March 2025. The hiring process is slower than anticipated due to a high volume of job offers and various business requirements. To manage this, the company is issuing joining letters to freshers every 15 days, bringing thousands of them on board each month. TCS remains committed to nurturing new talent and maintaining a steady flow of fresh graduates, as it adapts to the evolving needs of the IT sector while continuing to provide training and development opportunities
The Tata Group is one of India’s biggest and most varied companies, employing about 935,000 people across different fields. These include cars (Tata Motors), IT services (Tata Consultancy Services), steel (Tata Steel), consumer products (Tata Consumer Products), and telecommunications (Tata Communications). The Tata Group also works in areas like aerospace, hospitality (Taj Hotels), and agriculture. Each sector plays an important role in India’s economy and shows Tata’s dedication to ethical business practices and social responsibility, providing many training and development opportunities for its employees.
Who is Noel Tata?
Noel Tata is a prominent business leader within the Tata family, known for his extensive experience in managing various Tata Group companies. He is the half-brother of Ratan Tata and has played significant roles in several Tata companies, including Tata International, Tata Investment Corporation, and Trent Ltd., which operates Westside and other retail ventures. Currently, Noel Tata holds the position of chairman at Tata Trusts, the charitable organization that owns a substantial share in Tata Sons, the holding company of Tata Group. In this role, he oversees strategic decisions and philanthropic initiatives, guiding the Trust in its mission to impact social and economic progress across India.
TATA’s Legacy
Tata Group, founded in 1868 by Jamsetji Tata, is one of India’s oldest and most respected conglomerates, now spanning over 150 years. Known for its vast and diverse presence, Tata operates across multiple sectors, including technology, automotive, steel, consumer goods, chemicals, and hospitality. With companies like Tata Consultancy Services (TCS), Tata Motors, Tata Steel, Tata Power, and Indian Hotels, the group has established a global footprint. Tata Group employs over 900,000 people worldwide, making it one of the largest employers globally and a significant contributor to India’s economy and innovation landscape.
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