TCS Layoffs: Experts warn more IT job cuts in the future

As news of Tata Consultancy Services (TCS) laying off its 12,000 employees hit the market, an uneasiness has grappled the IT sector. The Tata Group-backed IT firm is all set to let go of 2 per cent of its global workforce over the next year. Since TCS is considered a safe haven for IT professionals in the ever changing job market, the move has sent shockwaves down the rest of the industry. And now, experts suggest that this is only the beginning of a major shift in the IT industry in India.