TCS CEO says 2% workforce cut ‘not because of AI but to address…’

Tata Consultancy Services (TCS) plans to let go around 2% of its global workforce, which translates to over 12,000 employees, by 2026. This is part of a restructuring exercise to make the company more agile and technology aligned.

What did TCS management say on layoffs

The move will impact employees across geographies and verticals and is being positioned as a strategic shift rather than a cost cutting exercise. TCS CEO K Krithivasan told Moneycontrol that the company has been adapting to changes in technologies and operating models.