Tata Communications flags role cuts, takes Rs 44.78 cr charge

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Tata Communications is restructuring its organization, incurring a one-time staff cost optimization charge. The company reported a decline in consolidated net profit due to restructuring expenses and a data centre outage. Revenue rose by 10.5% from a year earlier, while EBITDA increased. The company remains focused on accelerating growth across its portfolios. Management believes this is a forward-looking effort to align talent.