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Never heard myself and from seniors around any layoff at TCS.
They have alot of work so they can put you in other work if you don't get work and with 12-15 years of experience you can be in Centre of Excellence Team in a practice or subpractice technology group or you could be part of pre-sales team. Too many possibilities I used to wonder how great is life of someone at that position at TCS!

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Best in the IT industry

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They won't ask you to put down paper but I saw that few months back they gave unrealistic tasks to my lead and torchered him to the point where he had to leave by himself. There's no job security in IT industry for 10+ yoe in any company unless they deliver enough value

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job security is pretty good as of now in TCS..but not sure in coming future cannot guarentee..

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