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TCS: US unlikely to target tech firms based on domicile
TCS's CEO K Krithivasan believes the US will not target tech companies based on their domicile. He attributes recent actions to local job sensitivities.
Confidence: 90%Sentiment: NeutralHigh Priority
What Happened?
TCS's CEO K Krithivasan believes the US will not target tech companies based on their domicile. He attributes recent actions to local job sensitivities.
AI Quick Summary
TCS's CEO states the US is unlikely to target tech firms based on domicile, attributing actions to job sensitivities.
Key points
- TCS's CEO believes US actions are driven by local job sensitivities.
- The company applied for only about 10 green cards last year.
- TCS employs over 30,000 people in the US, with many being locals.
- The company plans to hire 15,000 people in the US over five years.
- Nasscom states immigration and skilled talent mobility are distinct issues.
Key insights
- TCS's strategy in the US may remain stable despite political changes.
- Local hiring focus could mitigate potential backlash against foreign firms.
- The suspension of green card applications highlights ongoing challenges for Indian IT companies.
Why it matters
The US's approach to tech companies could affect job creation and immigration policies.
Entities
TCS· CompanyUS· CountryK Krithivasan· PersonNasscom· Organization
Source
Business Standard
