50,841 People Laid Off In 2024 So Far; When Big Techs Are Cutting Jobs, Tata Companies Have Huge Hiring Plans

The employees in the technology sector are struggling with job opportunities as the industry carries a massive series of layoffs. The first three months of the new year 2024 so far have been bleak. But amidst all of this ray of hope is still there are Tata Group companies from various segments that are creating job opportunities. The latest to join the hiring bandwagon from India's largest tech-to-power conglomerate is Jaguar Land Rover.

As per the latest data on Layoffs.fyi who tracks tech layoffs since COVID-19, revealed that about 219 tech companies have carried layoffs this year so far, and 50,841 employees have lost their jobs in the sector globally.

Some of the renowned layoffs are Cisco cutting 4,250 jobs, Paypal with 2,500 job cuts, Microsoft laying off 1,900 jobs, SAP cutting down by a whopping 8,000 jobs, eBay by 1,000 job cuts, largest search-engine Google by 1,000 job cuts and leading music streaming app Spotify with 1,500 job cuts.

In the list are also Indian companies like Flipkart which announced 1,100 job cuts recently, Paytm chalking down its headcount by 1,000, and Swiggy with 400 job cuts among others.

The layoffs by techs are likely to go up as more digital companies plan job cuts. Global tech giant, Dell is planning to reduce its headcount by 6,000 employees in two years, as per reports. While 5G-services provider Ericsson has declared to trim its workforce by 1,200 employees due to challenging mobile networking and lower volumes.

The technology sector is constrained due to an uncertain macro environment owing to economic concerns, geopolitical tensions, and industry-specific conditions.

Amidst all of this, India's largest conglomerate Tata Group-backed companies have huge hiring opportunities. With big deals, big new facilities, big restructuring, big investments, big enhancement and so much more, Tata Group is creating jobs!

JLR Hiring:

The latest to announce hiring from Tata Group was Jaguar Land Rover last week. On March 19, JLR said, it is now recruiting 250 electrification engineering roles at its Gaydon and Whitley facilities to support the development of its next-generation electric vehicles.

JLR's recruitment drive includes 40 battery engineer roles, with skills ranging from battery cell design, software design and calibration to data science and battery validation.

Further, the new roles follow £250m investment in JLR Whitley's Future Energy Lab where Electric Drive Units and batteries are engineered and tested on rigs and in climate chambers. The luxury car manufacturer will offer BEV products on all its models by 2030, enabling JLR to become carbon net zero by 2039.

Tata Motors Hiring:

Before JLR, its parent Tata Motors which is up for demerger of business into two listed entities, announced a massive hiring plan.

Earlier this month, Tata Motors signed a facilitation Memorandum of Understanding (MoU) with the Government of Tamil Nadu to explore setting up a vehicle manufacturing facility in the state. The MoU envisages an investment of Rs 9,000 crore over 5 years and can potentially create up to 5,000 jobs (direct and indirect).

The company also recently inaugurated its fifth Registered Vehicle Scrapping Facility (RVSF), near Delhi; marking a significant stride in its commitment to advancing sustainable mobility. That is also another employment opportunity.

TCS Hiring:

Tata Group's largest company in terms of market value, which is also the largest tech and the second largest company in India, TCS has put in place a 'Quick Joiner Incentive Plan' under its offers for candidates looking to work with them. This plan offers an additional Rs 40,000 for senior roles if the candidate is willing to join within a month. However, one must stay at TCS for at least six months time duration to reap the benefits.

Apart from this, after Q3 results, TCS announced its commitment to campus hiring and freshers.

Milind Lakkad, Chief HR Officer of TCS in January 2024 said that TCS is committed to hiring from college campuses and growing talent organically. He revealed that the company has commenced its campus hiring process for the next year and has seen tremendous excitement among freshers to join TCS.

Titan Company Hiring:

Coming up next is Tata Group's gems & jewellery firm, Titan Company in November last year announced Titan that it is planning to hire over 3,000 employees over the next five years. The hiring will be across various fields such as digital, e-commerce, sales, optometry, design and engineering. Also, Titan plans to raise its percentage of employees in the engineering department by 50% in the next 2 to 3 years.

For the hiring, Titan will seek professionals who are equipped with specialised skills like data analytics, cyber security, product management, digital marketing, and other new-age skills.

Apart from this, Titan aims to become a Rs 1 lakh crore business in the next five years. It believes a diverse and talented workforce is key to accelerating its growth and innovation further.

Tata Technologies Hiring:

Further, the newly listed firm of Tata Group, aka Tata Technologies has also launched a new campaign 'Reignite' that aims to turn challenges into opportunities for women engineers.

It offers a blend of specialized training, hands-on experiences, and premier learning resources, all crafted to ensure a seamless transition back into the workforce for women.

These are some of the latest Tata companies that have recruitment opportunities now and in future.