TCS

Tata Consultancy Services (TCS), one of India’s largest IT services firms, is reportedly planning to implement a freeze on salary hikes and halt senior-level hiring after recently laying off approximately 12,000 employees. The move comes amid a challenging market environment impacting demand for technology services globally, coupled with a strategic focus on cost optimization by the company.

Tata Consultancy Services (TCS), India's largest IT services firm, will lay off approximately 12,000 employees over the course of fiscal year 2026, marking one of the most significant workforce restructuring moves in the country's IT sector. The cuts, representing 2% of TCS's global workforce of 613,069 employees, will primarily target middle and senior management positions.