IT Services giant TCS has taken the decision to reduce headcount of its global workforce by 2% (c.12,000 employees) over the rest of FY 2026 as the impact of AI drives shifting demand in skill sets.

In an interview widely covered in the Indian media over the weekend, TCS CEO K Krithivasan emphasised the rationale for the cuts reflecting skill mismatches rather than AI-driven productivity gains or demand weakness. The move will primarily target middle and senior management positions and fits with the broader SITS industry shift toward more software/product driven delivery models and agile methodologies.

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