TCS Market Valuation Erodes By Rs 28,149 Crore Since Layoff Announcement: Investor Sentiment Takes a Hit Amid Workforce Restructuring
India’s largest IT services company, Tata Consultancy Services (TCS), is facing sharp scrutiny from investors and market watchers after its recent decision to lay off employees sparked a significant erosion in market valuation. Since the announcement of the workforce restructuring plan, TCS has witnessed a decline of Rs 28,149 crore in market capitalization, raising questions…