TCS to Cut 12,000 Jobs in FY26 Over Skill Mismatch; Shares Fall 1.5%

TCS will reduce its workforce by 2% (around 12,000 jobs) in FY26, mainly due to skill mismatches and long bench periods, not AI automation. Middle and senior-level employees will be most affected. Shares dropped 1.5% to ₹3,088.9 after the news.