Page 15 - Avik Das

Global CEOs split on GenAI's impact on jobs, automation concerns rise

For instance, DBS Group expects its workforce to reduce by 10 per cent, or 4,000 employees, over the next three to four years

GenAI making IT biz model outdated, says HCLTech CEO C Vijayakumar

IT major will hire more people at the entry level but need specialised skillsets

Meta seeks engineering director in India to lead Bengaluru operations

The engineering director is expected to influence technical decision-making, drive prioritisation and execution, and manage outstanding engineers and engineering managers, as per the job description

India is becoming a key revenue market for Publicis Sapient: Sanjay Menon

Company currently has over 10,000 employees in the country, almost half of its global headcount

IT firm Capgemini expects flat growth in 2025 as demand remains weak

Growth in Capgemini's main markets, North America and France-which accounted for nearly half of the company's revenue in 2024-fell by 1.6 per cent and 5.8 per cent, respectively

Infosys to establish GCC for Lufthansa to drive digital transformation

The move shows how global airlines have been setting up GCCs in India over the last few years

Companies expect more value from outsourcing rather than just savings

As outsourcing tenure and maturity increase, organisations become more comfortable outsourcing one or more core areas within each function to service providers

CGOs take centre stage at IT services companies amid growth challenges

Companies such as Tech Mahindra, HCLTech, LTIMindtree, US Technologies, and Persistent Systems already have growth officers who report to their chief executives

GenAI to become immersive across our businesses: Goldman Sachs' Samtani

Samtani talks about Indian engineers and Generative AI (GenAI) in banking

Montek Ahluwalia bats for smaller states to drive economic growth

Ahluwalia added that creating newer cities in existing states is riddled with challenges that are both political and economic

OpenAI to introduce AI agents that can do jobs of engineers: Sam Altman

Executives across technology and IT services firms have said that the nature of jobs will change as GenAI adoption becomes more mainstream and writing code becomes automated

Jindal, Mahindra groups propose Rs 1.4 trillion investment in Karnataka

The three-day Invest Karnataka summit aims to secure investments worth Rs 10 lakh crore

IT companies likely to roll out 3-6% hikes this year, say HR experts

According to reports, the IT attrition rate for this year is expected to be around 12-13 per cent

Britannia plans to take 'capex break' amid slowdown in urban demand

Senior executives of the company said they would be cautious on capital expenditure because growth in volumes remained on a slow burn, hurt by a slowdown in urban demand

Infosys lays off about 350 Mysore campus recruits; employees upset

The affected employees were taken on board in October 2024, following more than two and half years of wait after getting their offer letters

Nasdaq-listed IT major Cognizant targets 6.5-8% growth in Q1 FY25

The Nasdaq-listed firm reported a revenue growth of 6.7 per cent for the fourth quarter

Happiest Minds Q3FY25 results: PAT down 16% on higher finance costs

Revenue for the quarter grew 27.5 per cent to Rs 553 crore, compared to a year earlier

GCCs expected to create 425,000 to 450,000 jobs this year, says report

Most of the hiring will be for entry-level talent, with demand for skills in customer experience and support services (17 per cent), cybersecurity and data protection (17 per cent)

Skilled labour, simplification of regulations to propel services: Survey

According to the Economic Survey 2024-25, its share in total GVA at current prices has risen from 50.6 per cent in FY14 to around 55 per cent in FY25

Businesses need to be perpetually adaptive, says TCS CEO K Krithivasan

A technology-led approach turns these transformation goals into achievable realities