TCS Layoffs: Tata Consultancy Services ( TCS ), India’s largest IT services company, on Thursday addressed concerns over workforce reductions, stating it has “released” one per cent, or 6,000 employees , as part of a restructuring exercise. CHRO Sudeep Kunnumal sought to dismiss “extremely exaggerated numbers” circulating online, urging the public to disregard them.

One Per Cent Workforce Released, Hiring Continues

Asked about the scale of layoffs amid fears that the number could be as high as 50,000-80,000, Kunnumal said, “a lot of these numbers are not factual, are extremely exaggerated” and “should be disregarded.” He emphasized, “As we speak today, we are close to one per cent of people, that we have released in mid and senior level, whom we could not redeploy in the right role.

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