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TCS layoffs 2025: The shares of the country’s largest IT service company TCS (Tata Consultancy Services) have recorded a huge decline today. During the trading on Monday, July 28, the company’s shares fell 1.13 percent to Rs 3,100.30. In the coming days, this decline has come in the shares of TCS today after the news of a large number of employees trimmed in the company. It is being told that in FY 2025-26, TCS plans to remove 12000 or more workers from work.
Today, TCS shares were open at Rs 3,110.00, which is less than Rs 3,135.80. During the business, it touched a high of Rs 3,118.00 and a low level of Rs 3,081.60, which reflects its trend towards recession. In the last 24 hours, there was a turnover of 1,613,187 shares, with a turnover value of Rs 49,995.89 lakh. The current market cap of TCS shares is Rs 11.21 lakh crore and is trading at beta of 0.86, which shows relatively low volatility than a wider market.
Company CEO cleaned
Here, TCS CEO and Managing Director K. K. K. K. K. K.K. Speaking to Moneycontrol, Kritivasan said that AI cannot be held responsible for the shortage in the workforce. He said, “It is not that our productivity has increased by 20 percent due to AI. This happens that when we feel mismatched a skill or we feel that we will not be able to hire that person. ”
The company still needs talented people: CEO
He further says, “It is not that we need fewer people now.” We are still looking for talented people and our work to train them will continue. We have to see who has to hire where to work and how much its utility is. “Still will mainly affect the workers of medium and senior level as well as some entry-level workers who have been on the bench for a long time.” Overall, the CEO says that the trimming has nothing to do with AI. Restructuring is being done so that keeping in mind the current needs of business, talented employees have to be put in those works.
Also read:
TCS Layoffs: More than 12000 employees will get a job, why is it being trimmed indiscriminately?
