TCS layoffs: What will the IT firm do for 12,000 employees being laid off?

Tata Consultancy Services plans to reduce its workforce by approximately 2%, impacting over 12,000 employees due to economic uncertainties and AI-driven technological changes. The company will provide affected staff with notice period compensation, severance benefits, insurance coverage, and outplacement assistance. This decision comes amid a slowdown in hiring across the Indian software services sector.