TCS axes 12,000 jobs; Ola loses steam in EV race

Happy Monday! India’s largest software exporter is trimming 2% of its workforce as demand woes persist. This and more in today’s ETtech Morning Dispatch.

Also in the letter:
■ Lenskart IPO plans
■ Quick fashion plays ‘no return’ game
■ Mid-tier GCC hiring picks up

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TCS to lay off 12,000 employees after tepid Q1

K Krithivasan, CEO, TCS

Tata Consultancy Services, India’s largest software exporter, is laying off over 12,000 employees—about 2% of its 613,069-strong workforce—as macro headwinds and disruptions weigh on business…