Shares of Tata Consultancy Services (TCS) fell nearly 2 per cent on Monday following the company’s announcement that it will lay off around 12,000 employees from its global workforce this year.

The stock declined 1.76 per cent to close at Rs 3,079.05 on the BSE, after hitting an intraday low of Rs 3,070. On the NSE, it slipped 1.59 per cent to settle at Rs 3,085.80, according to news agency PTI. 

TCS, India’s largest IT services firm, said the layoffs, amounting to roughly 2 per cent of its 6.13 lakh-strong workforce as of June 30, 2025, will mainly impact mid- and senior-level roles. Interestingly, the company had added 5,000 employees during the recently concluded June quarter.