TCS Job cut
Indian IT major TCS to slash 12,000 jobs
Indian IT giant Tata Consultancy Services (TCS) has announced it will reduce 2 percent of its global workforce over the next year.
The 2 percent global workforce stands for more tan 12,000 employees of the Tata-owned firm.
In a statement shared with CNBC-TV18, TCS said the decision is part of a strategic shift involving multiple initiatives, including investments in emerging technologies, expansion into new markets, large-scale deployment of artificial intelligence (AI), and a revamp of its infrastructure and workforce model.
According to reports, the company will trim the middle and the senior-grade employees.
The IT company further said in the statement: "As part of this journey, we will also be releasing associates from the organisation whose deployment may not be feasible. This will impact about 2% of our global workforce, primarily in the middle and the senior grades, over the course of the year."
As per TCS website, it employs highly skilled workforce of over 613,069 consultants in 55 countries and 180 service delivery centres across the world, the company has been recognized as a top employer in six continents.
TCS generated consolidated revenues of US $30 billion in the fiscal year ended March 31, 2025.
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