India's 6M IT jobs under AI pressure: TCS cuts 20,000 as hiring lags revenue

mixtapedmonk · reddit · 2026-09-30

India's IT industry was built on cheap, English-speaking labor, and AI directly undercuts that bargain. Industry revenue grew 6.1% while headcount grew only 2.3% — a divergence Nasscom's own president flagged in February. TCS cut nearly 20,000 jobs, its largest ever. On the hopeful side, over a million new AI-related roles are opening, but only 16% of the current workforce is skilled enough for them.

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