US's 25% tariffs to hit IT sector? Workforce, input costs in spotlight – what EY analysis says

Jul 31, 2025 - 10:30
US's 25% tariffs to hit IT sector? Workforce, input costs in spotlight – what EY analysis says

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EY India warns that US tariffs, though not directly impacting Indian IT, could trigger spending cuts by US firms. This coincides with existing economic uncertainties and AI's rise. TCS plans a 2% workforce reduction, framing it as a future-readiness strategy. Single-digit revenue growth was recorded by major IT firms in Q1FY26.

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