TCS Falls on Layoffs, Sector Woes

  Published 9 months ago

TCS shares dip 1.7% as it plans 12,000 job cuts in FY26 amid weak demand, tech shifts, and margin pressure.

  • Layoffs target mid-to-senior staff; Citi, Jefferies see move as response to AI-led client shifts and slow growth.
  • Analysts warn of execution risks and subdued earnings outlook; the sector faces structural changes and cautious sentiment.
  • TCS stock down 23% YTD; average rating remains "buy" with median target price of ₹3,715.

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