Job Creation and Workforce:
- New Job Commitment: TCS plans to create 5,000 new jobs across the UK over the next three years.
- Total Jobs Supported (Directly and Indirectly): TCS supported 42,700 jobs either directly or through its supply chain across 19 sites in the UK in FY2024.
- Technology Jobs: Of the total jobs supported, 15,300 employees work in technology positions such as engineering and data analytics.
- Talent Development: The company’s ‘Partnering for Skills’ initiative aims to reskill 12,000+ people for STEM jobs.
Economic Contribution (FY2024):
- Contribution to UK Economy: TCS contributed £3.3 billion GBP to the UK economy.
- Total Tax Contribution: TCS supported a total tax contribution to the UK Exchequer of over £780 million in FY2024.
- Note: This tax contribution is stated to be equivalent to the salaries of over 20,400 teachers.
- Skills Gap Context: The jobs created are cited as an important figure in addressing the skills gap, which is estimated to cost the UK economy £1.5 billion per year.
Investment and Expansion:
- New Facility: TCS is launching an Artificial Intelligence (AI) Experience Zone and Design Studio in London.
- This facility is the company’s second design hub globally, following the opening of the New York Design Studio in September.
- The London studio is a reimagination of its flagship PacePort facility.
- Market Position: The UK is cited as TCS’ second-largest market globally.
Community Impact:
- London Marathon: The 2024 TCS London Marathon raised £73.5 million for charities, breaking its own record for the largest amount raised in an annual single-day charity event.
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