TCS layoffs: What will Tata Consultancy Services do for 12,000 employees it will let go this year? What the IT giant said
Tata Consultancy Services plans to reduce its workforce by approximately 2%, impacting over 12,000 employees due to economic uncertainties and AI-driven technological changes. The company will provide affected staff with notice period compensation, severance benefits, insurance coverage, and outplacement assistance. This decision comes amid a slowdown in hiring across the Indian software services sector.
Tata Consultancy Services plans to reduce its workforce by approximately 2%, impacting over 12,000 employees due to economic uncertainties and AI-driven technological changes. The company will provide affected staff with notice period compensation, severance benefits, insurance coverage, and outplacement assistance. This decision comes amid a slowdown in hiring across the Indian software services sector. What's Your Reaction?
