TCS Job Cuts Exceed Workforce of Many Nifty 50 Firms Amid Tech Shift

• TCS reduced its headcount by 11,150 in Q3 FY25, bringing total job cuts to over 30,906 in six months.
• The 30,906 job cuts represent over 5% of TCS's total workforce, surpassing the entire employee base of several Nifty50 companies like ONGC and Bharti Airtel.
• TCS's workforce peaked at 616,171 in September 2022 and has since contracted by over 34,000 employees.
• The broader IT sector faces structural shifts due to AI, automation, and slower demand for traditional services, impacting job roles.
• TCS reported a net profit of ₹10,657 crore for Q3 FY25, down 12% sequentially, impacted by charges related to new Labour Codes and legal claims.

Why It Matters: TCS's significant job cuts highlight a major industry shift driven by AI and evolving tech demands.