TCS layoffs sound alarm bells for senior techies, managers; CEO says ‘A very senior person may not…’

Tata Consultancy Services (TCS), India’s largest IT services provider, will lay off two percent of its workforce in a move that will affect around 12,000 employees. The layoffs will primarily affect middle and senior management, Reuters reported, citing the company on Sunday.

Layoffs at TCS
Considered the bellwether of the Indian IT industry, TCS’s announcement has sounded alarm bells for techies who have seen a veritable bloodbath in terms of layoffs over the last few years.