TCS layoff update: In a significant development after Ratan Tatas Tata Consultancy Service announced plans to lay off over 12000 employees which is around 2% of its global workforce trade unions from across the country have come in support of the sacked employees. In the recent update Information Technology employee unions have declared the layoff as unlawful and asked the employees not to resign under pressure. As per a report by the Economic Times the IT employee unions have advised TCS staff to resist pressure to resign. The report also says that the Karnataka State IT/ITeS Employees Union has requested the industry leader to withdraw the layoff plans and restore positions of those affected. In addition to this the Forum for IT Employees (FITE) advocated that TCS should avoid direct pressure on employees to resign. How TCS layoff has impacted TCS shares? Following TCSs announcement to lay off around 12200 employees in FY26 shares of tech major Tata Consultancy Services (TCS) were trading lower on Monday. The share had slipped 1.7 per cent to an intra-day low of Rs 3081 on BSE. Indias largest IT exporter on Sunday announced plans to lay off around 2 per cent of its global workforce. As per a report by IANS news agency the IT giant which has a total headcount of 6.13 lakh employees as of June 2025 plans to implement the layoffs across various domains and geographies. In a statement the company said the layoffs would primarily impact middle and senior grades. How has TCS CEO reacted on TCS mass-layoff? Describing the decision as “one of the toughest” TCS CEO K Krithivasan has said that the company had to make the decision. According to the reports the company is offering severance packages extended insurance notice period pay and placement assistance in finding alternative job opportunities. TCS said that the layoffs are not motivated by cost-cutting or automation but rather by the challenges of redeploying talent. Notably TCS Infosys Wipro and HCLTech have all reported modest year-on-year revenue growth in the latest quarter (With inputs from agencies)