TCS will cut 12,000+ jobs, marking India’s largest private-sector layoff, as AI adoption reshapes the $283 billion outsourcing industry.

• Experts warn 400,000–500,000 IT jobs may vanish in 2–3 years due to AI-driven efficiencies and changing skill demands.
• Middle and senior managers, testers, and infrastructure support staff are most vulnerable as clients demand higher productivity with fewer workers.
• IT sector slowdown, inflation, and AI shift may dent consumer demand, impacting tourism, luxury spending, and real estate investments.