TCS’ Tough Call – Over 12,000 Employees to Be Let Go Amid Skill Gap Shift
Another major update from the Indian IT industry! Tata Consultancy Services (TCS), one of the largest IT firms in India, has taken a tough decision that is set to impact over 12,000 employees, or approximately 2% of its workforce. This move comes in response to the changing technological landscape and a growing skill gap within the company. In an exclusive statement to Moneycontrol, TCS CEO K Krithivasan shared insights into this difficult but strategic decision. > "We find that there are roles where redeployment has not been effective." > "It is one of the toughest decisions I have had to take." > "It’s a difficult call we have to take to build a stronger TCS." What This Means for Employees: Around 12,000 employees will be directly impacted by this headcount reduction. The layoffs are targeted at roles where redeployment and reskilling efforts have not been successful. This reflects a larger shift in the IT industry towards AI, automation, cl...