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flag TCS, India's largest IT firm, plans to lay off 12,261 employees due to a skills mismatch and focus on AI.

flag 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. flag 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. flag Despite TCS stating that AI is not the direct cause, industry experts believe it plays a role in the restructuring. flag 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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