New Delhi, July 28
Shares of tech major Tata Consultancy Services (TCS) were trading lower on Monday, following the company's announcement to lay off around 12,200 employees in FY26.
The share had slipped 1.7 per cent to an intra-day low of Rs 3,081 on BSE. India's largest IT exporter on Sunday announced plans to lay off around 2 per cent of its global workforce.
The IT giant which has a total headcount of 6.13 lakh employees as of June 2025, plans to implement the layoffs across various domains and geographies. In a statement, the company said the layoffs would primarily impact middle and senior grades.
TCS CEO K Krithivasan described the decision as “one of the toughest” he had to make and said it is aimed at making the company "future-ready and agile" in the face of rapidly evolving technologies and workplace models.
The company is offering severance packages, extended insurance, notice period pay, and placement assistance in finding alternative job opportunities, according to the reports.