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On Sunday, Tata Consultancy Services (TCS), India’s biggest IT services company, announced the largest-ever layoffs in the country’s IT sector. The company plans to cut around 2% of its global workforce, or approximately 12,000 employees.
Most of those affected will be in middle to senior roles.
The move comes amid growing macroeconomic uncertainty and increasing AI-led disruptions impacting technology demand.
It remains to be seen if other companies follow the leader. So far this fiscal year, no other Indian IT company has announced layoffs on this…
