Jefferies has raised concerns over Tata Consultancy Services (TCS) following its decision to reduce its global workforce by 2% in FY26, suggesting the move could lead to execution slippages in the near term and potentially higher attrition over the longer run.
While the brokerage did not issue a rating or target revision for TCS in this update, it reiterated a selective stance within the IT sector. Jefferies named Infosys, HCL Technologies as its preferred large-cap picks and Coforge and Mphasis among mid-caps.
Disclaimer: This article is based on Jefferies’ commentary and does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.
