India, Oct. 3 -- Tata Consultancy Services (TCS) has firmly dismissed recent social media speculations suggesting the company laid off 80,000 employees. According to various news reports, a TCS spokesperson labelled the claims circulating online as "incorrect and misleading". The official statement confirmed that the total workforce reduction would affect only 2% of its global staff, translating into approximately 12,000 employees.

The clarification came after a viral post on the social media platform X fuelled panic across the tech sector. The post alleged that 80,000 employees had been asked to resign, some with an 18-month severance package and others receiving no compensation. This misinformation spread quickly, causing significant a...