Tata Consultancy Services (TCS) has reportedly lost ₹28,148.72 crore from its market valuation in two days after the company announced its decision to lay off 12,000 employees this year.
On Tuesday, the stock declined 0.73 per cent to settle at ₹3,056.55 a piece at the BSE. During the day, it dropped 1.23 per cent to ₹3,041.
On the NSE, it dipped 0.72 per cent to ₹3,057.
Shares of TCS, meanwhile, had declined nearly 2 per cent on Monday.
Also Read: TCS to cut 12,000 jobs under AI-driven restructuring push
The market capitalisation (mcap) of TCS eroded by ₹28,148.72 crore to ₹11,05,886.54 crore in two days, accounting for a loss of 2.48 per cent.
India’s largest IT services firm, TCS, is set to lay off about 2 per cent or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades.
After having increased its workforce by 5,000 in the recently-concluded June quarter, the total workforce in the company as of June 30, 2025, was 6,13,069.
The move is part of the company’s strategy to become a “future-ready organisation”, focusing on investments in technology, AI deployment, market expansion, and workforce realignment, TCS said in a statement.
“Towards this, a number of reskilling and redeployment initiatives have been underway. 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 per cent of our global workforce, primarily in the middle and the senior grades, over the course of the year,” it said.
TCS will provide appropriate benefits, outplacement, counselling, and support to the impacted employees, it added.
The move comes at a time when India’s top IT services companies have delivered single-digit revenue growth in Q1FY26, capping off a somewhat sobering June quarter as macroeconomic instability and geopolitical tensions weighed on global tech demand and delayed client decision-making.ent, counselling, and support to the impacted employees, it added The move comes at a time when India’s top IT services companies have delivered single-digit revenue growth in Q1FY26, capping off a somewhat sobering June quarter as macroeconomic instability and geopolitical tensions weighed on global tech demand and delayed client decision-making.
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