TCS Layoffs: Analysts Say Cost-Cutting, Not AI Shift

TCS, a large tech company, is letting go of about 12,000 employees.

While TCS says it's to adapt to new tech, experts think it's about saving money since their profits haven't been as high as they want.

The layoffs mainly affect mid- to senior-level managers, many of whom were hired during the pandemic.

This decision is surprising because TCS usually avoids large-scale job cuts.

Employee unions are also criticizing the move, saying it may be illegal.

Many employees are disappointed by what they view as a change in TCS's values.