it services

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AI AI Automation Acquisition Amazon Applied Value Technologies

Tech Layoffs in India: Overhiring or AI Revolution?

The vast layoffs in India's tech sector, by giants like Oracle and Amazon, raise questions on whether they're correcting pandemic-era overhiring or if AI-driven automation is the culprit. This shift affects IT services, startups, and people wondering about future job stability, with automation and cost-cutting at the forefront. Find out how these changes shape the job landscape and what experts say about overhiring versus automation.

Apr 3

Tech Layoffs in India: Overhiring or AI Revolution?

TCS Cuts 12,000 Jobs: 'Skill Mismatch', Not AI, Says CEO

India's largest IT services company, Tata Consultancy Services (TCS), plans to lay off 12,000 employees. CEO K Krithivasan attributes the layoffs to a skill mismatch rather than AI automation. This downsizing reflects TCS's shift towards quality over quantity in its workforce, aiming to retain high-skilled talent while addressing macroeconomic challenges.

Feb 19

TCS Cuts 12,000 Jobs: 'Skill Mismatch', Not AI, Says CEO

TCS Stands Firm: Marks & Spencer Contract Loss Not Linked to Cyberattack

Tata Consultancy Services has refuted claims from UK media that its contract loss with Marks & Spencer was due to cyberattack failures. TCS stated the decision resulted from a standard competitive tender process and maintains its partnership with the British retailer in other ventures.

Oct 27

TCS Stands Firm: Marks & Spencer Contract Loss Not Linked to Cyberattack

India's Tech Job Market Tumbles: Tech Roles Down to 48% in October, Behind Pre-2024 Levels

Tech job opportunities in India fell to just 48% of active job postings in October, a notable decline from the pre-2024 era, according to Xpheno's latest report. The ongoing decrease highlights a shift in the job market, with non-tech sectors now driving a slight majority (52%) of talent demand. Impacts from global IT spending caution and automation are significant contributors, while emerging fields like AI and cybersecurity show resilience.

Sep 30

India's Tech Job Market Tumbles: Tech Roles Down to 48% in October, Behind Pre-2024 Levels

Capgemini Sets Sights on AI Expansion with $3.3 Billion Acquisition of WNS

In a move to enhance its AI capabilities, Capgemini has announced its $3.3 billion acquisition of IT firm WNS. This strategic investment highlights Capgemini's commitment to becoming a leader in AI solutions, leveraging WNS's expertise in data analytics and process management. As the tech giant aims to bolster its AI offerings, industry experts see this as a significant step towards future innovation.

Jul 7

Capgemini Sets Sights on AI Expansion with $3.3 Billion Acquisition of WNS

Hexaware Technologies Set to Launch India's Largest IT Services IPO!

Hexaware Technologies is gearing up for a massive re-debut in India's public markets with an ₹8,750 crore IPO, setting new historical records for the Indian IT services sector. The IPO, scheduled for February 12-14, will feature a price band of ₹674-708 per share, reflecting a full offer for sale rather than raising new capital. The move, following Carlyle's acquisition in 2021, marks a strategic step to capitalize on investment and boost the company's visibility and brand value. Major IPOs like JSW Cement and Ather Energy are also on the radar this February.

Feb 7

Hexaware Technologies Set to Launch India's Largest IT Services IPO!

Wipro Extends Deadline for AVT Acquisition Amid Regulatory Delays

Wipro, a major player in the IT services sector, has pushed back the acquisition deadline for Applied Value Technologies (AVT) to January 31, 2024, due to pending regulatory approvals. Originally set for December 31, 2023, this acquisition is valued at $43.2 million and aims to bolster Wipro's consulting strengths in value creation and operational excellence. The decision is seen as a strategic measure ensuring compliance and maximizing the integration's potential benefits for clients.

Dec 31

Wipro Extends Deadline for AVT Acquisition Amid Regulatory Delays