TCS Slashes Over 30,000 Jobs in Six Months Amid Profit Squeeze
Overview
India's largest IT firm, Tata Consultancy Services (TCS), has significantly reduced its workforce, cutting nearly 20,000 employees in the September quarter and an additional 11,150 in the following three months. This aggressive headcount reduction comes as the company faces declining profits, rising costs, and accelerated AI-driven restructuring.
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TCS Trims Workforce Amid Profit Pressures
Tata Consultancy Services (TCS), India's largest private sector employer, has continued its significant workforce reduction, shedding another 11,150 employees during the quarter ended December. This follows a substantial trim of nearly 20,000 staff in the preceding September quarter.
The company's total employee strength now stands at 5,82,163, reflecting a deliberate strategy to manage costs and adapt to evolving industry dynamics. These cuts underscore a challenging period for the IT giant, marked by declining profits and increasing operational expenses.
AI and Restructuring Accelerate Headcount Changes
The accelerated pace of job reductions is widely attributed to the ongoing integration of Artificial Intelligence (AI) technologies and broader organizational restructuring initiatives across the IT sector. TCS appears to be streamlining its operations to enhance efficiency and navigate the competitive global market.
