TCS Responds To US Government's PERM Announcement; Shares Rise 5.06%

Mumbai, October 9: Tata Consultancy Services (TCS) has said it will comply with any directive from the US Department of Labor following the US government’s announcement concerning the Permanent Labor Certification Program (PERM), while reiterating its plan to hire an additional 15,000 people in the country over the next five years.

In its statement to the stock exchanges, TCS said it had taken note of the US government’s announcement and would comply with any directive issued by the Department of Labor.

The company said its US workforce strategy is centred on hiring local talent, supported by campus recruitment. TCS also highlighted its existing workforce presence across 31 offices and delivery centres in the country.

The US administration has suspended a number of leading India-based IT firms, including Tata Consultancy Services (TCS), Infosys, Wipro and HCL, from the Permanent Labour Certification (PERM) programme

Stock Market Snapshot

The TCS share price stood at ₹2,181.00 as of 9:51:59 AM IST on October 9, 2026, according to the market data.

The stock was up ₹105.00, or 5.06%, at the time. Shares moved above ₹2,150 during the morning session and continued to trade higher, approaching ₹2,180 by the latest reported time.

The rise came as investors assessed the company’s statement on the US government’s PERM announcement and its ongoing workforce plans.

TCS Says PERM Applications Were In Single Digits

TCS said its PERM applications had been in single digits over the preceding two years. Based on this, the company said it did not expect a suspension of the programme to affect its workforce strategy or customer engagements.

The company also reiterated its previously announced plan to hire 15,000 additional employees in the US over the next five years, adding to its local workforce.

The statement did not indicate any change to that hiring plan. TCS said it would follow any applicable direction issued by the US Department of Labor.

Conclusion

TCS has reiterated its commitment to local hiring in the US and said it does not expect the PERM announcement to affect its workforce strategy or customer engagements, citing the low number of applications it has made under the programme in recent years.

The company said it would comply with any directive from the US Department of Labor. TCS shares were up 5.06% at ₹2,181.00 as of 9:51:59 AM IST on October 9, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/TCS/Tata-Consultancy-Services-Limited
• https://nsearchives.nseindia.com/corporate/TCS_CORPCS_09102026080757_SE_TCS_Statement_f.pdf