Employees cited poor corporate governance, salary delays, unpaid vendor bills, and financial mismanagement as key concerns. Production reportedly halted in July, and BlackRock withdrew a planned Rs 500 crore investment. Pending dues for over 500 employees are estimated at Rs 50 crore.

Ankur Jain denied receiving any formal petition but acknowledged temporary production suspension in September. He admitted delays in paying employee salaries and statutory taxes, citing restructuring efforts. The company has reduced operations to fewer states to cut costs and improve margins, reducing headcount by nearly 50% over 15 months.

B9 Beverages reported a net loss of Rs 748 crore in FY24 on revenue of Rs 638 crore. Sales fell to 6–7 million cases from 9 million in FY23. Employees remain concerned about delayed salaries and pending Provident Fund and TDS payments. The company has yet to file its FY25 financial results.

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Despite the cancellation, the analyst call will proceed as planned. Investors will receive detailed insights into TCS’s financial performance and management commentary during the call. The cancellation is not expected to affect investor relations significantly.

TCS’s Q2 results are closely watched amid the H-1B visa fee hike and global IT demand trends. Analysts will focus on recovery in discretionary spending, particularly from the US and Europe. Challenges in specialised staffing and cautious client expenditure will also be key discussion points.

Earlier, TCS announced layoffs of 12,200 employees, about 2 per cent of its 6.13 lakh-strong workforce. The company said the move is aimed at making TCS agile and future-ready. Severance packages, extended insurance, notice period pay, and placement support are being offered to affected employees.

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Software engineer Scott Taub and HR specialist Sofia Brander filed the complaint. Taub said Tesla discouraged him from applying for one role by marking it “H-1B only.” He added that the company excluded him from another interview. Brander, a former Tesla contract worker, claimed the company denied her two interviews despite her experience.

The lawsuit states Tesla uses visa workers to cut costs. It argues that Tesla pays H-1B employees less than American workers performing the same duties. In 2024, Tesla reportedly hired 1,355 visa workers while laying off more than 6,000 employees, most believed to be U.S. citizens.

The complaint also cites a December 2024 post from Musk. In it, he admitted that H-1B visas were crucial for Tesla and SpaceX. The plaintiffs want compensation for U.S. citizens who applied but were rejected or were later fired by the company.

The post Tesla Faces Lawsuit Over H-1B Hiring Bias appeared first on India Podcast.