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TCS, India's largest IT firm, plans to lay off 12,261 employees due to a skills mismatch and focus on AI.
Tata Consultancy Services (TCS), India's largest IT firm, plans to lay off around 12,261 employees, or 2% of its workforce, due to a skills mismatch and difficulties in redeploying staff.
The layoffs primarily affect mid- to senior-level employees and are part of TCS's strategy to become a "future-ready" organization, focusing on investments in AI and technology.
Despite TCS stating that AI is not the direct cause, industry experts believe it plays a role in the restructuring.
The move has led to a drop in TCS's stock to a 52-week low and sparked concerns about job security in the IT sector.
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TCS, la empresa de TI más grande de la India, planea despedir a 12,261 empleados debido a un desajuste de habilidades y centrarse en la IA.