TCS shares eroded shareholder wealth worth nearly ₹47,500 crore in just five trading session, or one week, after the company announced plans to layoff 12,000 employees. The total market value of TCS fell from ₹11.34 lakh crore recorded on Friday, July 25 to ₹10.86 lakh crore on Friday, August 1. TCS shares have dipped about 4.2% in a week.