Summary:
- Tata Consultancy Services (TCS), a major IT company, is planning to lay off around 12,000 employees due to the increasing use of artificial intelligence (AI) in their operations.
- The layoffs will primarily impact mid-level and senior-level employees, as the company aims to streamline its workforce and adapt to the changing technological landscape.
- The shift towards AI is expected to automate many tasks, reducing the need for human involvement in certain areas, leading to the job cuts at TCS.