TCS share price falls 2% on plans to cut 12,000 jobs; Nifty IT index down over 1%

TCS share price: Shares of IT bellwether Tata Consultancy Services (TCS) declined nearly 2% in early trade on Monday after the Tata group firm announced plans to reduce its global workforce by 2% in FY26.

TCS shares slipped as much as 1.69% to ₹3,081.20 apiece on the BSE, emerging as one of the top laggards in the Nifty IT index. Peers Infosys and Wipro also dropped over 1% each, dragging the Nifty IT index down 1.6%.