TCS Share Price Drops 2% After Announcing 12,000 Job Cuts; Nifty IT Index Slips Over 1% | Markets News
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IT Stocks In Focus: Tata Consultancy Services (TCS) will reduce its workforce by roughly over 12,000 employees
TCS Share Price
TCS share price fell nearly 2 per cent in early trade on Monday after the IT major said it will cut its workforce by 2 per cent in FY26.
TCS shares slipped as much as 1.69 per cent to Rs 3,081.20 apiece on the BSE in early trade on Monday.
India’s largest IT services company, Tata Consultancy Services (TCS), is set to reduce its workforce by over 12,000 employees—approximately 2 per cent of its global headcount—during the financial year 2025-26. However, the move is not linked to efficiency gains from artificial intelligence (AI), according to the company’s top leadership.
As of June 30, 2025, Tata Consultancy Services (TCS) reported a total workforce of 6,13,069 employees, reflecting a net addition of 5,000 people during the April–June quarter.
The headcount update follows the company’s recent change in its HR policy, which mandates a minimum of 225 billable days per year for employees and limits bench time to a maximum of 35 days.
TCS also saw a rise in employee attrition, which climbed to 13.8% on a last-twelve-month (LTM) basis in the June quarter, up from 13.3% in the previous quarter. The company’s Chief Financial Officer acknowledged that attrition levels had reached a concerning point, highlighting the challenge of replacing experienced talent through fresh hiring. He added that the company is now prioritizing efforts to retain key talent, particularly at senior levels.
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Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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