India, Oct. 3 -- A week from now, Tata Consultancy Services Ltd. will become the first Indian IT firm to face investors after an H-1B sticker shock and AI layoffs.

TCS will report its second-quarter earnings on Thursday.

India's largest IT services firm is poised for a decline in revenue growth on a constant currency basis, amid an ongoing slowdown due to weak spending from its overseas clients, according to Bloomberg. It is in the midst of mass layoffs to trim its global workforce by 2% - a severance package has been announced for those who cannot keep up with the age of AI.

Its localisation levels and staffing plans will be in focus in light of the recent US visa moves, according to Citi analysts.

IT services firms are assessing the...