https://www.taxtmi.com/news?id=50871 A major IT services firm announced a planned reduction of about 2% of its global workforce-approximately 12,261 roles, mainly in middle and senior grades-citing workforce realignment to enable technology and AI investments, market expansion and redeployment priorities. The company highlighted ongoing reskilling and redeployment efforts and committed to providing benefits, outplacement, counselling and support to impacted employees. The announcement coincided with single-digit sector revenue growth and was reported to have eroded the firm's market capitalisation over two trading days. en-us Tue, 29 Jul 2025 17:46:03 +0530 Tue, 29 Jul 2025 17:46:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=50871 A major IT services firm announced a planned reduction of about 2% of its global workforce-approximately 12,261 roles, mainly in middle and senior grades-citing workforce realignment to enable technology and AI investments, market expansion and redeployment priorities. The company highlighted ongoing reskilling and redeployment efforts and committed to providing benefits, outplacement, counselling and support to impacted employees. The announcement coincided with single-digit sector revenue growth and was reported to have eroded the firm's market capitalisation over two trading days. News - Tue, 29 Jul 2025 17:46:03 +0530 https://www.taxtmi.com/news?id=50871