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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
4mo ago
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