TCS Layoffs: What employees can expect as company outlines exit terms

Ever since news broke out about Tata Consultancy Services (TCS) reducing its global workforce by approximately 2%, chaos followed among the company’s employees as well as the Indian IT industry in general. The layoff, which is set to impact around 12,261 employees, has put people in senior and middle management levels under worry. Since the industry got concerned about the reasons, the company’s CEO K. Krithivasan has furnished reasons behind the move and how AI isn’t the primary cause.