On the National Stock Exchange (NSE), shares of Tata Consultancy Services Limited (NSE: TCS) fell by 1.01 per cent and saw a decline of INR 31.60. TCS stocks were trading at INR 3,104.20 and INR 3105.10 on NSE and BSE, respectively. The fall of nearly 2 per cent of TCS stocks has reportedly led to wiping out INR 18,250 crore of investor wealth. TCS Layoffs: Is AI Responsibile for Massive 12,000 Job Cuts at Tata Consultancy Services? CEO K Krithivasan Cites This Reason Behind Layoff Plans.