<h1>IT Services Giant to Cut 12,261 Jobs, Focus on AI and Workforce Realignment in 2024</h1> A major IT services company plans to lay off approximately 12,261 employees, representing about 2 percent of its global workforce, primarily affecting middle and senior-level staff. The workforce reduction is part of a strategic initiative to transform into a 'future-ready organization' by investing in technology, artificial intelligence, market expansion, and realigning its workforce. The company has also implemented reskilling and redeployment programs and will offer impacted employees benefits, outplacement services, counseling, and support. The layoffs are scheduled to occur over the course of the year despite a recent increase in overall employee numbers.