TCS recent layoffs may hurt the company in long run, says Jefferies Report

New Delhi [India], July 29 (ANI): The recent report of layoffs by Tata Consultancy Services’ (TCS) decision to lay off 2 per cent of its workforce, around 12,000 employees, as part of cost-cutting measures could negatively impact the company in the long run, according to a report by Jefferies.

The report noted that this move reflects the company’s increasing focus on conserving margins amid persistent growth challenges. It is also third such cost-saving action taken by TCS in the past three months.