Shares of Tata Consultancy Services (TCS) fell nearly two per cent on Monday. The company has said that it will lay off about 12,000 employees from its global workforce this year. The stock fell 1.69 per cent to Rs 3,081.20 on the BSE. It fell 1.7 per cent to Rs 3,081.60 on the NSE. India's largest IT services company, TCS, is going to lay off about 2 per cent or 12,261 employees of its global workforce this year, most of whom will be in the middle and senior grades.
As of June 30, 2025, TCS had a workforce of 6,13,069. It increased its workforce by 5,000 in the recently concluded June quarter. TCS said in a statement that the move is part of the company's broader strategy to become a "future-ready organization", which focuses on investments in technology, AI deployment, market expansion, and workforce restructuring.
TCS has said that the company is in the process of transformation. As a part of this, we will also release those colleagues from the organization whose deployment may not be possible. This will impact about 2 percent of our global workforce. This exercise will affect employees deployed mainly in the middle and senior grades during the year. TCS will provide appropriate benefits, outplacement, counseling, and support to the affected employees.
The move comes at a time when India's top IT services companies have reported single-digit revenue growth in the first quarter of FY26, after a somewhat disappointing June quarter, as macroeconomic instability and geopolitical tensions put pressure on global tech demand and delayed customer decision-making.
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