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IT staffing firms face slowdown heat
TCS, Infosys, HCL Tech and Wipro cumulatively trimmed their headcount by 38,950 in H1 of current fiscal
No visible Gen AI-led spend in IT space so far
Majority generative AI projects are experimental in nature and not translated into big projects that require huge investments; Low discretionary spend...
Volatile demand-supply dynamics dictating Indian IT industry
The Indian IT industry is in a state of flux. After recording double-digit revenue growth during FY22 and FY23, the sector is staring at a scenario...
Headcount shrinking at top IT cos in India
Involuntary attrition, no backfilling leading to fall in employee count
Indian IT firms keen on reviving pre-Covid work culture
Indian IT services companies are slowly nudging their employees to come to offices on all five days of the week. This is a marked departure of their...
Demolition of Two Buildings in Hyderabad's Mindspace IT Park: Watch...
Two multi-story buildings within Hyderabad's prominent IT park were demolished to make way for new constructions. Buildings 7 and 8 in the Raheja...
IT cos not in a hurry to fill vacant jobs
IT firms attribute reasons for not filling up vacancies created by attrition owing to low demand environment, to skill-specific recruitment amid...
20% drop in campus hiring likely in FY24
Staffing firms observe that campus placements going on at several engineering colleges, but offers are not as many as used to be in previous years due...