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Indias largest IT services firm Tata Consultancy Services (TCS) is set to lay off about 2 per cent or 12261 employees of its global workforce this year with the majority of those impacted belonging to middle and senior grades. As of June 30 2025 TCSs workforce stood at 613069. It increased its workforce by 5000 employees in the recently concluded April-June quarter. The move is part of the companys broader strategy to become a future-ready organisation focusing on investments in technology AI deployment market expansion and workforce realignment TCS said in a statement. How TCS Layoffs Will Impact Real Estate Sector? Concerns over job cuts at Tata Consultancy Services (TCS) and other IT firms have raised questions about their potential impact on the real estate market particularly in tech-centric cities like Bengaluru and Hyderabad. However experts believe the effect may be limited and could be offset by rising hiring activity in Global Capability Centers (GCCs). In Bengaluru where IT professionals account for nearly 40% of home sales there may be some short-term impact. Still housing demand from listed developers remains stable with the average home price around ₹2 crore. Unless job cuts happen on a large scale the overall market is expected to remain steady. Why Is TCS Laying Off Many Employees? TCS is on a journey to become a Future-Ready organisation. This includes strategic initiatives on multiple fronts including investing in new-tech areas entering new markets deploying AI at scale for our clients and ourselves deepening our partnerships creating next-gen infrastructure and realigning our workforce model. Towards this a number of reskilling and redeployment initiatives have been underway. As part of this journey we will also be releasing associates from the organisation whose deployment may not be feasible. This will impact about 2 per cent of our global workforce primarily in the middle and the senior grades over the course of the year it said. TCS will provide appropriate benefits outplacement counselling and support to the impacted employees it added.