Mumbai: Tata Consultancy Services (TCS), India’s largest IT services firm, will reduce its workforce by 2 per cent in the 2026 financial year, the company said on Sunday.
Around 12,200 jobs will be cut, with middle and senior management level executives set to be hit the hardest.
The massive job reductions are part of a broader restructuring plan as the company expands into new markets, adopts emerging technologies and incorporates artificial intelligence across operations.
“This transition is being planned with due care to ensure there is no impact on service delivery to our clients,” the company stated.
TCS employs over 6 lakh people globally, and is among the top IT exporters in India, Reuters reported.
TCS Chief Executive K Krithivasan had noted earlier this month that project approvals and decision-making by clients were seeing delays, further impacting growth plans.
India boasts of a $283 billion IT sector, which 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.
