Mumbai, India – In breaking news from the Indian information technology industry, Tata Consultancy Services (TCS), one of the largest IT and consulting firms in India, is reportedly considering the layoff of around twelve thousand employees. This workforce reduction is said to be caused by a restructuring in technology and a shift towards more modern global market requirements.The media and industry experts both speculate that the large-scale layoff is in some way motivated by the company’s desire to better its personnel information technology infrastructure and to more actively engage in business processes that use as artificial intelligence, automation, as well as cloud computing technologies at the expense of legacy technology and skills. The company is aiming at at retraining and restructuring training programs for its employees, proven by the fact that many employees may invariably have to face the prospect of termination as a result of the transformation process.The IT sector is undergoing a tremendous transition, and this possible layoff comes at the same time as the rapid changes taking place to the IT industry globally. Corporations are adopting advanced innovations to improve operational productivity and provide new services, which shifts the skill requirements of the employees. TCS has also not officially released any information about the figure or timeline of the layoffs, but such shifts are not out of the ordinary to the fast-paced tech industry. The impacted employees are expected to be informed shortly, and the company is expected to offer standard separation packages.
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