TCS shares slip nearly 2% after company announces over 12,000 job cuts

TCS shares: Tata Consultancy Services shares faced a dip. This followed the announcement of a workforce reduction. The company plans to lay off approximately 2% of its global employees. This decision comes amid economic uncertainty. It also reflects disruptions from artificial intelligence. The IT sector shows signs of a slowdown. TCS reaffirms its commitment to strategic initiatives.