27/07/2025
TCS has announced layoff of 2% of its workforce ie around 12,000 employees.
This is clear cost cutting measure in order to maintain their profit margin affected due to sluggish economic conditions in its north america market, other geopolitical conditions that affect economy and adoption of AI etc.,
The Project Fluidity is initiated to throw away the mid and senior level employees out while hiring less experienced, low salaried employees to maintain profit margin.
TCS has to comply with labour laws of the country and as per law company has to get approval from the govt for the workforce reduction that it has intended. Otherwise it is illegal!
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#2025