Overview

• TCS plans to cut about 12,000 jobs, representing roughly 2% of its workforce, with 90% of the layoffs scheduled for the July–September quarter
• The job reductions focus on mid-to-senior grades and include severance packages of three to five months’ salary based on tenure
• Starting September 1, around 80% of junior and mid-level employees in grades up to C3A will receive wage hikes to bolster retention
• A bench utilization framework will guide a six-month redeployment and reskilling initiative, leading to exits for those who do not meet performance benchmarks
• These dual measures underpin TCS’s strategy to invest in AI, expand into new markets and protect margins during a sector-wide revenue downturn