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TCS layoffs: IT stocks come under selling pressure after TCS announces massive job cuts
After Tata Consultancy Services (TCS) announced plans to cut its global workforce by 2%, impacting around 12,000 employees, IT stocks came under pressure on the stock exchanges. The move triggered a selloff in large-cap IT names, with shares of Infosys Ltd and Wipro Ltd falling as much as 3% in Monday’s trade.
The TCS CEO Krithivasan said that the move by the company is not a reaction to AI adoption but a step toward future-proofing ...
Tata Consultancy Services (TCS) shares fell nearly 2% after the company announced plans to lay off approximately 12,000 ...
Tata Consultancy Services plans to reduce its workforce by approximately 12,000 employees, representing 2% of its global ...
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India’s IT giant TCS to layoff over 12,000 employees in a major restructuring move
In what stands as its largest layoff to date, Tata Consultancy Services (TCS), one of India’s largest Information Technology ...
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TCS layoffs sound alarm bells for senior techies, managers; CEO says ‘A very senior person may not…’
TCS plans to lay off 12,000 employees, mainly affecting middle and senior management. What CEO K Krithivasan said about the ...
TCS, India's largest IT firm, will lay off 12,261 employees, about 2% of its workforce, due to AI disruptions and uncertain ...
Tata Consultancy Services plans to lay off 2% of its workforce, impacting mainly middle and senior grades, as part of its ...
TCS to cut 2% of global workforce, or about 12,261 jobs, mainly impacting middle and senior management roles as part of its ...
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