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๐Ÿ‡ฎ๐Ÿ‡ณ India IT Sector ยท 2026 Report

IT Layoffs India 2026
What You Need to Know

TCS, Infosys, Wipro and HCLTech cut a combined 6,981 jobs in FY26 โ€” reversing two years of hiring growth. Meanwhile GCCs are adding 3-4 lakh roles. Here's the complete picture for Indian IT workers.

6,981
Jobs cut by top 5
IT firms in FY26
23,460
TCS employees
let go FY26
3-4L
GCC jobs being
added in 2026
Company by Company Breakdown โ€” FY26
Source: Company filings ยท Nasscom
TCS
-23,460
employees in FY26
TCS led cuts among Indian IT majors, letting go of 23,460 employees as it pivots to an AI-first services model. Bench strength is being reduced as fewer people are deployed per client engagement. Fresher hiring hit multi-year lows.
Significant Cuts
Infosys
Mixed
selective hiring
Infosys reduced its workforce in Q4 FY26 but maintained a target of 20,000 fresher hires for the full year, with 18,000 already onboarded. The most active fresher hirer among tier-1 Indian IT โ€” but prioritising AI and cloud skills.
Mixed Picture
Wipro
Reducing
fresher guidance cut
Wipro reduced fresher hiring guidance to 7,500-8,000, down significantly from earlier estimates. Nearly 200 recruits publicly flagged deferred onboarding of 7+ months. Morgan Stanley downgraded to underweight.
Downsizing
HCLTech
Cautious
FY27 guidance weak
HCLTech stock dropped 9.7% on April 22, 2026 after a 3.3% revenue dip and cautious FY27 guidance. GCC hiring within HCL remains more stable than services headcount.
Cautious Outlook
Tech Mahindra
-1,108
net reduction FY26
Tech Mahindra reduced staff by 1,108 in FY26 as part of its turnaround plan. The company has the highest P/E ratio among the big five at 27.72 โ€” indicating market confidence in its transformation if executed well.
Restructuring
GCCs
+3-4 Lakh
new roles in 2026
Global Capability Centres of Walmart, JPMorgan, Goldman Sachs, Apple, Shell, and others are actively hiring in Bengaluru, Hyderabad, and Pune. Better pay, more interesting work, no bench culture. This is where the opportunity is.
Actively Hiring

What's Actually Happening โ€” The Full Picture

The headline numbers are alarming but the reality is more nuanced. India's IT sector is going through a structural transformation, not a collapse. The top five IT services companies โ€” TCS, Infosys, Wipro, HCLTech, and Tech Mahindra โ€” cut a combined 6,981 jobs in FY26. That reverses two years of hiring growth and has understandably created anxiety across the sector.

But here's the context most coverage misses: the overall Indian IT industry actually grew its workforce, adding 1.4 lakh employees to reach 59 lakh by 2026, according to Nasscom. The cuts are concentrated in traditional IT services roles โ€” the kind of repetitive, process-driven work that AI is now handling faster and cheaper. The growth is happening in AI, cloud, data, and GCC roles.

The key distinction: Traditional IT services (TCS, Infosys model) is contracting. GCC roles (Walmart, JPMorgan, Apple India offices) are expanding rapidly. If you're in the wrong bucket, now is the time to move.

Why This Layoff Wave Is Different From 2022-23

In 2022-23, companies cited over-hiring during COVID as the reason for cuts. In 2024, they cited macro slowdown. In 2026, virtually every major company โ€” Indian and global โ€” is explicitly naming AI as the driver. This is not a cyclical correction. It is a structural shift.

The roles most directly at risk in India are those involving repetitive process execution: BFSI back-office support, basic application maintenance, manual testing, data entry, and generic customer support. AI tools are performing these functions at a fraction of the cost. Companies are not laying off people to save money temporarily โ€” they are eliminating entire categories of work permanently.

The roles that are growing โ€” and where Indian talent has a genuine competitive advantage โ€” are AI engineering, cloud architecture, data science with domain expertise, product management, and specialised GCC roles that require both technical skills and business context.

City by City Impact โ€” Where the Cuts Are Hitting

Bengaluru
Highest absolute impact โ€” but also most GCC growth
Hyderabad
Significant cuts at Amazon, Atlassian India teams
Pune
IT services cuts but GCC hiring stable
Chennai
TCS and Wipro cuts concentrated here
Delhi NCR
Moderate impact, fintech GCCs growing
Mumbai
BFSI tech cuts, financial GCCs active

The GCC Opportunity โ€” Where the Jobs Actually Are

Global Capability Centres are the single biggest opportunity for Indian IT workers in 2026. GCCs of companies like Walmart, JPMorgan Chase, Goldman Sachs, Shell, Caterpillar, Siemens, and Apple are actively hiring across Bengaluru, Hyderabad, and Pune โ€” and they offer significantly better pay, more interesting work, and no bench culture.

The GCC market is expected to add 3-4 lakh jobs in 2026 alone. Unlike traditional IT services roles where you execute projects for clients, GCC roles put you inside the actual product and technology teams of global companies. You're building things, not outsourcing things.

Who GCCs are hiring right now: AI engineers, data scientists with domain expertise (BFSI, healthcare, supply chain), cloud architects, product managers, DevOps engineers, and UX researchers. Domain knowledge combined with technical skills is more valuable than pure coding ability.

What Indian IT Workers Should Do Right Now

If You've Been Laid Off

  • Understand your full severance entitlement โ€” Indian labour law provides protections for workers in establishments with 100+ employees under the Industrial Disputes Act. Understand what you're owed before signing anything
  • File for any applicable benefits immediately โ€” EPFO claims should be initiated promptly. Your PF balance is yours and can be transferred or withdrawn
  • Don't rush to the first offer โ€” the job market is slower but GCC hiring is active. A few weeks of strategic searching beats a panicked acceptance of the wrong role
  • Target GCCs directly โ€” most people still only apply to TCS, Infosys, Wipro. The most competitive segment is the one with the lowest growth potential right now
  • Rate your company on the Whisper Network โ€” your experience helps thousands of others understand what companies really do when they cut jobs

If You're Still Employed But Worried

  • Upskill in AI tools relevant to your current role โ€” the workers being cut are those who haven't adapted. The ones being retained and promoted are using AI to do more
  • Build domain expertise โ€” a developer who understands BFSI processes or healthcare regulations is far harder to replace than a generic coder
  • Build your GCC network now โ€” LinkedIn connections at GCC companies, GCC-specific job alerts, and relationships with GCC recruiters take months to build. Start before you need them
  • Don't ignore the signals โ€” hiring freezes, PIPs, bench assignments, and reorg announcements are often early warning signs. The Whisper Network often has information weeks before official announcements

If You're a Fresher

  • Stop competing only for TCS/Infosys/Wipro mass hiring โ€” this is the most competitive, lowest-growth segment right now
  • Build one deep skill, not many shallow ones โ€” a genuine depth in SQL + Python + BFSI domain beats a generic engineering profile in GCC hiring pipelines
  • Open source and Kaggle matter more than grades โ€” GCC hiring managers look for evidence of real work, not certifications
  • Consider non-CS domain entry points โ€” GCCs in healthcare, agriculture, legal tech, and supply chain analytics actively prefer candidates who combine domain knowledge with technical fluency

How to Rate Your Company โ€” and Why It Matters

The LayoffTrends Whisper Network is specifically designed for anonymous experience sharing. If TCS, Infosys, Wipro, or any other company laid you off โ€” your experience rating helps thousands of other workers in India understand what to expect. Was the severance fair? Did they give real notice? How did management communicate?

Right now the Whisper Network has limited India-specific data. Every submission from an Indian IT worker makes it more useful for the entire community. Your rating takes two minutes and is completely anonymous.

TCS Layoffs 2026 โ€” What Happened

TCS let go of 23,460 employees in FY26, the largest headcount reduction among Indian IT majors. The company cited its pivot to an AI-first services model, reduced bench requirements per client engagement, and lower fresher hiring targets. TCS shares dropped 22.84% over the past year despite strong Q4 performance, reflecting market uncertainty about the transition.

Infosys & Wipro Layoffs India 2026

Infosys maintained selective hiring while reducing its workforce in Q4 FY26, prioritising candidates with AI and cloud skills. Wipro cut its fresher hiring guidance to 7,500-8,000 and saw nearly 200 recruits publicly flag deferred onboarding of over seven months. Both companies are shifting toward higher-value, AI-augmented service delivery.

GCC Jobs Bengaluru & Hyderabad 2026

Global Capability Centres represent the strongest hiring market in India in 2026. Companies including Walmart, JPMorgan, Goldman Sachs, Shell, and Apple are actively building out their India GCC presence in Bengaluru, Hyderabad, and Pune. GCC roles offer better compensation, more technically interesting work, and direct exposure to global product development compared to traditional IT services.