Intro:
India's largest IT services company Tata Consultancy Services will cut 2% of its workforce—affecting more than 12,000 employees—over the course of the next financial year.
The decision comes as the company battles softening global demand and rising pressure to shift toward AI-driven services.
The company's stock fell nearly 2% in early trading following the announcement.
Kshitij Nagar reports from New Delhi.
India's largest IT services company Tata Consultancy Services will cut 2% of its workforce—affecting more than 12,000 employees—over the course of the next financial year.
The decision comes as the company battles softening global demand and rising pressure to shift toward AI-driven services.
The company's stock fell nearly 2% in early trading following the announcement.
Kshitij Nagar reports from New Delhi.
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