TCS layoffs: IT ministry monitoring situation closely, say sources as firm lays off 12,261 employees
India’s largest IT services firm, TCS, plans to lay off 12,261 employees—around 2% of its global workforce—this year. TCS will reduce workforce by 2% or 12,261 employees primarily in middle and senior grades Layoffs are skill and capability based, not driven by AI productivity gains IT Ministry is monitoring and emphasising employment growth and skilling…