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Bad news for employees of Ratan Tata's TCS, Satya Nadella's Microsoft, Intel as they plan to sack 50,000 employees due to...

Bad news for employees of Ratan Tata's TCS, Satya Nadella's Microsoft, Intel as they plan to sack 50,000 employees due to...

India.com10 hours ago
Narayan Murthy and Late Ratan Tata- File image
IT sector layoff: In a significant bad news for the global tech and IT sector and its millions of employees , three industry giants, Intel, Microsoft, and Tata Consultancy Services (TCS) have collectively announced over 50,000 job cuts in just one week. Readers should note that the massive layoffs wave mark one of the most significant employment disruptions in recent memory. Here are all the details you need to know about the massive layoff wave in the IT sector. Which IT jobs are under risk?
Driven by the rapid adoption of artificial intelligence and shifting business priorities amid a broader push toward cost optimization, the major IT companies are taking the decision to reduce their workforce.
The world already knows that Microsoft is planning to cut around 9,100 jobs globally, primarily targeting its Xbox, software, and cloud divisions as the company pivots more aggressively toward AI and flattens management structures. Which IT companies are firing on mass scale?
Another major company, Intel, which is facing profitability pressures, is slashing over 5,000 roles across multiple US states as part of its strategy to become leaner and more agile.
In another update, Ratan TCS, which is India's largest IT firm is trimming about 2% of its workforce, which may possibly impact more than 12,000 employees, especially at the mid- and senior levels, as automation. Why are IT companies doing mass-layoff?
Experts say that these large-scale layoffs highlight a deeper structural shift across the tech industry, where AI is not just a tool but a trigger for disruption. As the IT companies are prioritizing more and more innovation and efficiency, traditional roles which were done by humans are rapidly being redefined or replacement.
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Tech layoffs: TCS, Microsoft, Intel among 5 slashing thousands of jobs in apparent AI restructure
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  • India Today

Tech layoffs: TCS, Microsoft, Intel among 5 slashing thousands of jobs in apparent AI restructure

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TCS share price today: Tata Consultancy Services stock drops almost 2%; IT giant announces 12,000 layoffs
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TCS share price today: Tata Consultancy Services stock drops almost 2%; IT giant announces 12,000 layoffs

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