High technology industry
TCS Layoffs: CEO Clarifies AI Misconception, Reveals Phased Approach and Compassionate HR Policies
Tata Consultancy Services (TCS) CEO K. Krithivasan has addressed the growing concerns surrounding the company's upcoming layoffs, affecting approximately 2% of its global workforce, or around 12,261 employees. The layoffs have sparked industry speculation, with many attributing the move to the growing influence of Artificial Intelligence (AI)