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TCS to Cut 12,000 Jobs Amid Market Shift

  • Tata Consultancy Services (TCS) plans a 2% workforce reduction affecting over 12,000 employees.
  • This strategic decision, focused on middle and senior management, aims to embrace AI and new technologies.
  • Despite workforce changes, TCS assures that client service delivery will remain unaffected.
  • Economic uncertainties and reduced tech spending have pressured the Indian IT sector.
  • As industry demands adjustments, maintaining profitability and competitiveness is paramount for large providers like TCS.

Source: Reuters

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4mo ago
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