<h1>IT Company to Lay Off 2% of Workforce Amid Strategic Shift and Industry Challenges with Support Measures</h1> A major IT services company announced plans to lay off approximately 2 percent of its global workforce, primarily affecting middle and senior-level employees, as part of a strategic shift toward technology investment and workforce realignment. The company reported ongoing reskilling and redeployment efforts but stated that some employees would be released due to deployment infeasibility. The layoffs have resulted in a significant decline in the company's market valuation over two days. The company committed to providing impacted employees with benefits, outplacement services, counseling, and support. This restructuring occurs amid broader industry challenges, including slowed revenue growth and uncertain global economic conditions affecting client demand and decision-making.