TCS spent Rs 1,268 cr in layoffs, headcount dropped 23,460 in a year – Expert explains road ahead

The TCS Q4 results are out. As the market is digesting the muted growth outlook and inline revenue performance, the headcount and the employee expenses are something that need to be delved deeper into.

During the year, TCS incurred a total one-off restructuring charge, primarily recognised in Q3, including impact from the new labour code and provisions for legal claims.