Tata Consultancy Services looks to grow beyond financial services focus in Singapore

[SINGAPORE] Tata Consultancy Services (TCS), one of the world’s largest system integrators, is looking to deepen its presence in Singapore by expanding beyond its traditional strengths in banking and financial services into newer growth areas such as the public sector and retail.

This comes even as its parent company in India undergoes its steepest-ever job cuts, reflecting both global headwinds and the sector’s rapid shift towards artificial intelligence (AI). It let go of 19,755 employees in the quarter ended Sep 30, bringing its global headcount below 600,000 for the first time since 2022.

In response to queries from The Business Times, TCS said it is on a journey to becoming a “future-ready” organisation by investing in new technology areas, deploying AI at scale and realigning its workforce model.