TCS completes bulk of exits, severance packages range from 6 months to 2 years based on tenure

The bulk of the previously announced layoffs at IT major Tata Consultancy Services (TCS) has been operationalised by the end of September, and only a few isolated cases remain under evaluation, sources in the know said.

The Tata Group company had in July announced that will trim about 2% of its workforce, or over 12,000 employees, as part of a restructuring exercise to align skills with shifting client demand and rising automation.