Tata Consultancy Services (TCS), headquartered in Mumbai, India, reported a significant workforce reduction of 23,460 employees for the fiscal year 2026, bringing its total headcount down to 584,519. Despite this decline, TCS's Chief Human Resource Officer, Sudeep Kunnummal, announced that the company has concluded its layoff cycle and is shifting focus towards aggressive hiring, with plans to onboard around 40,000 fresh graduates annually. In FY26, TCS onboarded 44,000 trainees and added 2,356 employees in the latest quarter, supported by both lateral hiring and fresher onboarding. The company’s financial performance showed a 12% increase in net profit to ₹13,718 crore and a 9.6% rise in revenue to ₹70,698 crore for the March quarter. TCS CEO K Krithivasan expressed optimism about the future, emphasizing the company's role in supporting enterprises with the rise of artificial intelligence, while also acknowledging the cautious approach of clients regarding discretionary technology spending due to ongoing global uncertainties.