AI-led technology disruptions continuing to affect business demand

New Delhi : Amid macro uncertainties and AI-led technology disruptions continuing to affect business demand, Tata Consultancy Services (TCS) is set to lay off around 2% of its workforce over 12,000 employees over the year, as per the reports which employs a workforce of 6,13,069.
The company said  In a statement, it is on a journey to become a future-ready organisation.
It.added,.they will also be releasing associates from the organisation whose continued deployment may not be feasible, which will affect about 2% of their global workforce, primarily at the middle and senior levels, over the course of the year.
“This transition is being planned with due care to ensure there is no impact on service delivery to our clients. We understand that this is a challenging time for our colleagues who may be affected. We thank them for their service, and we will be making every effort to provide appropriate benefits, outplacement guidance, counselling, and support as they transition to new opportunities,” it added.
The software services companies in India have a cumulative revenue of over $283 billion. They remain the largest private sector employers, with TCS being the largest.