- India's TCS stated it would cut its workforce by 2% in FY2026, mainly impacting middle and senior management
- About 12,200 jobs were to be cut as TCS retrained staff for new markets and AI deployment
- India's IT sector faced weak demand, inflation, and US trade uncertainty, delaying client decisions
India's largest IT services provider Tata Consultancy Services will reduce its workforce by 2 per cent in its 2026 financial year, primarily affecting middle and senior management, the company said on Sunday.
The company is retraining and redeploying staff as it enters new markets, invests in new technology and deploys AI, but about 12,200 jobs will be cut as part of the process, it said.
"This transition is being planned with due care to ensure there is no impact on service delivery to our clients," the company added.
India's $283 billion IT sector has had to contend with clients holding back non-essential technology spending because of weak demand, persistent inflation and lingering uncertainty over US trade policies.
TCS Chief Executive K Krithivasan said this month that there were delays in client decision-making and project starts.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
