Tata Consultancy Services (TCS), India’s largest IT exporter and private-sector employer, has carried out its steepest-ever job cuts as the twin pressures of artificial intelligence and strained US-India trade ties shake up the country’s $280 billion technology industry. The company’s workforce has dropped below the 6,00,000 mark for the first time in over two years, signalling a turning point for India’s outsourcing powerhouse. In the quarter ending September 30, TCS reduced its workforce by 19,755 employees, trimming its headcount over the span of just three months.
TCS lays off employees: Story in 5 points
Record job cuts and shrinking headcount
According to its latest earnings report, in the quarter ending September 30, TCS reduced its workforce by 19,755 employees. The figure inclu