TCS Layoffs: Company reveals what affected employees will receive

The Tata Consultancy Services (TCS) layoff has sent shock waves down the industry. At a time when the tech industry is grappling with massive layoffs, TCS’s CEO made a shocking revelation in an interview, a decision that would affect 2 per cent of its workforce around the world. The upcoming layoff, set to impact around 12,261 employees, has particularly raised worries among those in senior and middle management roles. Amidst industry speculations, though, TCS CEO K. Krithivasan has stepped forward to clarify the reasons behind the move.