Tech layoffs 2025: Ex-tech Mahindra CEO declares ‘Sholay era of Indian IT is over’ after 12,000 TCS job cuts

The announcement of Tata Consultancy Services (TCS) laying off around 12,000 employees over the coming years has sent shockwaves down the Indian IT industry. TCS, which is regarded as the safe haven for IT professionals across the country, resorts to laying off human resources in favour of the global trends shifting towards AI. In the wake of the incident, ex-Tech Mahindra CEO CP Gurnani has declared the end of the ‘Sholay days’ of the Indian IT industry.