TCS will cut 2% of its workforce, targeting middle and senior roles amid rising costs and tech skill gaps.

• TCS to eliminate 12,200 jobs, citing skill mismatch, not AI-driven productivity gains, says CEO K Krithivasan.
• Investors remain cautious as AI reshapes IT hiring, with fewer but higher-paid specialists in demand across the industry.
• Revenue per employee rose 20% since 2020, but rising costs and slowing growth pressure TCS to realign its workforce strategy.