India's AI-driven tech firings could derail middle class dreams

India's showpiece software industry is facing a moment of reckoning. The country's biggest private sector employer Tata Consultancy Services (TCS) - also its largest IT services company - has announced it will cut more than 12,000 jobs at middle and senior management levels. This will reduce the firm's workforce by 2%. The Mumbai-headquartered software behemoth employs over half-a-million IT workers and is considered a bellwether for business sentiment across India's 283bn software industry. It forms the backbone of formal, white-collar employment in the country.