Tata Consultancy Services Ltd. (TCS) has made its largest-ever round of job cuts as rising tensions with the US and a rapid shift toward artificial intelligence reshape India’s $280 billion IT services industry.

India’s biggest private-sector employer reduced its workforce by 19,755 employees in the quarter ended September 30, according to its earnings presentation.

The figure includes both layoffs and voluntary exits. TCS’s total employee count has now fallen below 600,000; the first time since March 2022; marking a 3.2% drop from the previous quarter. The company also set aside ₹11.35 billion ($128 million) for severance costs.

Chief Human Resources Officer Sudeep Kunnumal told analysts that TCS is halfway through its plan to cut 2% of its workforce by March next year, mainly at the m

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