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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The IT services company will lay off 2% of its workforce, affecting employees across domains and geographies.
Tata Consultancy Services will let go of 2% of its workforce, or around 12,000 employees, over the next year, CEO K. Krithivasan told Moneycontrol on Sunday. This will affect employees across domains and geographies the company operates in and is being done in a bid to become “more agile amid technology disruptions.”
“We have been calling out new technologies, particularly AI and operating model changes. The ways of working are changing. We need to be future-ready and agile. We have been deploying AI at scale and evaluating skills we will be requiring for the future. We have invested a lot …
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
TCS CEO Krithivasan’s stunning disclosure lays bare a bind: AI is forcing IT services giants to give away a chunk of renegotiated contract value, even as new revenue remains lumpy and uncertain.
American online dating companies have quietly put their India operations on the back burner, with cuts in team sizes and growth spends. What gives?
