TCS Bribery Scandal Sparks HR Cleanup in IT Industry
Tata Consultancy Services (TCS) has been hit by a bribery scandal, with some employees accepting bribes from staffing companies and hiring personnel. The scam, which has been going on for some time, is believed to involve over INR100 crore ($13.5m). The scandal will have an impact on the Indian IT industry, with doubts being raised about the quality of personnel working on various projects. The scandal will also lead to a cleanup of the human resource recruitment system, as the staffing companies blacklisted by TCS are major suppliers to many big Indian IT companies.