TCS to Cut 12,000 Jobs: What’s Happening and Why
India’s biggest IT company, Tata Consultancy Services (TCS), has announced it is laying off thousands of its employees. This move will affect about 2% of its total workforce, meaning around 12,200 people will lose their jobs.
Why is TCS Making This Decision?
There are two main reasons for this change.
First, TCS is focusing more on new technologies like Artificial Intelligence (AI) and automation. The company wants to shift its business to meet the future needs of its clients.
Second, the demand for traditional IT services has slowed down. This means TCS is restructuring to become more efficient and competitive in the current market.
Who Will Be Affected?
TCS stated that the job cuts will mostly impact employees in middle and senior management roles. The company, which has over 600,000 employees in total, has promised to provide support to those who are being laid off.
This news shows a major trend in the IT industry. Many companies are now looking to hire people with skills in new technologies like AI while reducing roles that can be automated.
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