Indian IT services company Tata Consultancy Services (TCS) plans to reduce its workforce by 2%, resulting in 12,200 job cuts affecting middle and senior management. The decision comes amidst AI-driven disruptions and macroeconomic uncertainties, with TCS having over 610,000 employees as of June 2025. The Indian IT sector, valued at $283bn, is facing challenges as clients delay non-essential tech spending due to weak demand and uncertainties. TCS is focused on becoming a future-ready organization by deploying AI and exploring new markets. The company aims to support affected employees through this transition.

Read more at Yahoo Finance: TCS to cut more than 12,000 jobs amid AI-led disruptions