Has the IT industry surrendered to the AI overlords?
Over 130,000 jobs have already been terminated in the Information Technology (IT) industry in just the first half of 2025, as reported by TechCrunch, a California-based news outlet.
Along with Google, Microsoft, Amazon, and their kin, this statistic also includes Tata Consultancy Services (TCS), which startlingly decided to let go of over 12,000 employees — or 2% of its global workforce. The layoff targeted senior and mid-level employees and will span throughout financial year (FY) 26.
