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.
Disha Patani is a famous actress of Hindi cinema. More than her film career, Disha remains in the
The match between India and Pakistan in the semi-finals of the World Championship of Legends (WCL
A shocking incident took place in Delhi's Nizamuddin area on Thursday night. The entire dispute a
India has decided to continue buying oil from Russia, ignoring the US tariff action. News agency
Bhojpuri superstar Pawan Singh's personal life has been in turmoil for quite some time. His rift
After the acquittal of the accused in the Malegaon bomb blasts, the then-investigating officers h
On 11 July 2006, seven blasts in Mumbai's local trains shook the entire country. After nearly 19
IND vs AUS: Australia's poor move, Marsh-Maxwell-Hazlewood mock India's 'no handshake' policy
A new controversy has erupted over the Indian players' policy of not shaking hands during the Asi
Astronaut and Group Captain Shubhanshu Shukla shared his experience in Delhi on Thursday after a
Pakistan fast bowler Haris Rauf has once again found himself embroiled in controversy. After catc
