AI Push Drives Record Job Cuts at Top India Private Employer TCS

Tata Consultancy Services made its steepest-ever job cuts as strained ties with the US and a rapid shift toward AI reshape the country's $280 billion IT services sector. From a report: India's biggest private-sector employer cut 19,755 employees in the quarter ended Sept. 30, according to the company's quarterly earnings presentation. That number includes staff fired by the company and people who left voluntarily. The number of employees at Asia's biggest IT outsourcer fell 3.2% from the previous quarter, dipping below 600,000 for the first time since since the year ended March 2022. The company made a provision of 11.35 billion rupees ($128 million) in the quarter for severance related costs.

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