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Jefferies warns TCS layoffs may hurt long-term
The Business Guardian
|July 30, 2025
Jefferies stated, "Focus on cost-cutting may hurt TCS in longer-run... The move by TCS reflects its growing focus on conserving margins amid continued growth pressures"
MUMBAI Jefferies warns TCS layoffs may hurt long-term TDG NETWORK New Delhi: The recent report of layoffs by Tata Consultancy Services' (TCS) decision to lay off 2 per cent of its workforce, around 12,000 employees, as part of cost-cutting measures could negatively impact the company in the long run, according to a report by Jefferies.
The report noted that this move reflects the company's increasing focus on conserving margins amid persistent growth challenges. It is also the third such cost-saving action taken by TCS in the past three months.
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