India, July 27 -- Indian IT giant Tata Consultancy Services (TCS) has announced it will reduce 2 percent of its global workforce over the next year.

The 2 percent global workforce stands for more tan 12,000 employees of the Tata-owned firm.

According to reports, the company will trim the middle and the senior-grade employees.

The IT company further said in the statement: "As part of this journey, we will also be releasing associates from the organisation whose deployment may not be feasible. This will impact about 2% of our global workforce, primarily in the middle and the senior grades, over the course of the year."

TCS generated consolidated revenues of US $30 billion in the fiscal year ended March 31, 2025.

Published by HT Digital...