The AI storm is here and as feared, it is taking away jobs. Tata Consultancy Services (TCS), India's largest IT services firm, plans to lay off 2% of its global workforce in line with the company's broader strategy to become 'future-ready'.
In absolute terms, 12,260 employees in the middle and the senior grades will lose jobs this year : TCS's workforce, as on 30 Jun, stood at 6,13, 069.
TCS workforce as on 30 Jun 6,13,069
2% or 12,260 will be laid off this year
Middle and senior level employees to face axe
It includes strategic initiatives including investing in new technology areas, entering new markets, deploying AI at scale for clients and for the company, creating next-gen infra and realigning workforce model.
TCS promises to make all efforts to provide benefits, outplacement, counselling and support as they transition to new opportunities to the affected employees.
My take
A trend that increasingly gets visible as AI gets entrenched!
Tailpiece.
A quiet day. Lekha had gone to a new beauty parlour that has come up in Guruvayur. Sukesan, the autorickshaw driver, has turned over a new leaf after his treatment.
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