TCS lays off over 10k for reasons including AI, hikes wages for survivors
Summary
Tata Consultancy Services (TCS) has laid off over 10,000 employees, citing reasons including the adoption of AI technologies that automate tasks previously handled by staff. The company has increased wages for remaining employees, reflecting a shift toward a more skilled workforce as AI-driven automation transforms traditional roles in the tech sector. This highlights the growing impact of AI on employment and workforce dynamics in large IT firms.