TCS layoffs, Sept. 30 -- In a shock to the Indian IT industry, the country's largest tech company, Tata Consultancy Services (TCS), recently announced a 2% reduction in its workforce, equating to nearly 12,000 jobs. However, a media report citing unions and employees suggested that the number could rise to up to 30,000, raising questions about the true scale of the job cuts.

Amid rumours and widespread speculations over massive layoffs, TCS has clarified the actual number of job cuts.

Denying the rumours of up to 30,000 layoffs, TCS in a statement issued to Livemint said, "These speculations are incorrect and misleading. As communicated earlier, the impact is limited to 2% of our workforce."

IT unions, employees, and other stakeholders...