India's IT giant Tata Consultancy Services has disclosed plans to slash its workforce by 2% in fiscal year 2026, affecting the middle and senior management.TCS announced plans to retrain and redeploy staff as it spreads into new markets by adopting advanced technologies and integrates AI. Around 12,200 roles will be removed as part of the transition."This transition is being planned with due care to ensure there is no impact on service delivery to our clients," the company said. "We understand that this is a challenging time for our colleagues likely to be affected. We thank them for their service and we will be making all efforts to provide appropriate benefits, outplacement, counselling, and support as they transition to new opportunities," it added.India’s $283 billion IT industry is facing headwinds, with clients scaling back non-essential technology spending due to lesser demand, continued inflation, and ongoing uncertainty around the U.S. trade policies.TCS CEO K Krithivasan recently spoke about the delays in client decision-making and project launches that impacted the business momentum.In its June quarter, TCS reported a 4% rise in net profit , in line with estimates, while revenue declined sequentially. The consolidated bottom-line rose to Rs 12,760 crore from Rs 12,224 crore in the previous quarter. Bloomberg had estimated profit at Rs 12,253 crore. Revenue fell 1.6% sequentially to Rs 63,437 crore from Rs 64,479 crore. The analyst consensus estimate tracked by Bloomberg was Rs 64,655 crore.TCS Vs Infosys Vs HCL Tech Vs Wipro: Which IT Stock Should You Buy After Q1 Results?. Read more on Business by NDTV Profit.