India's largest IT firm, TCS, reported a net loss of 5,370 employees in Q3 FY25, marking a shift in employment trends despite over 25,000 promotions. The decline is part of a broader trend among India's top IT firms, which have seen headcount reductions for seven consecutive quarters. Companies like Infosys and HCLTech are still hiring while focusing on AI, indicating that AI advancements can occur without necessarily increasing workforce numbers.