Page 6 - Avik Das

Upskill or risk losing job: IT firms warn employees as AI takes hold

The $282 billion sector, employing around six million people, has long been one of the country's largest organised job creators

IT cos warn employees to reskill or risk losing jobs amid AI transformation

From TCS to Cognizant, firms pivot to AI-first models, favouring tech-savvy, younger talent and urging workforce to upgrade skills or face involuntary exits

Cognizant beats TCS & Infosys in revenue growth, profit rises 14% in Q2

Nasdaq-listed IT company gains on performance of BFSI and health science verticals, and large deal wins

Cognizant undecided on salary hikes, plans rollout for most by year-end

Facing global uncertainty, Cognizant delays salary hike decision and targets second-half rollout while continuing to hire freshers and expand AI-driven roles

Cognizant Q2 net profit rises 14% to $645 mn on BFSI, healthcare gains

Cognizant posted 14 per cent rise in Q2 net profit to $645 million, with strong growth in healthcare and BFSI verticals and two mega deals boosting revenue

Happiest Minds tightens skill scrutiny as attrition climbs to 18.2%

As demand weakens and client expectations shift, Happiest Minds is enforcing tighter evaluations and reducing talent mismatch to align with growth and cost goals

TCS' decision to lay off nearly 12,000 employees may lift margins

Firm's operating margin has remained below target for five consecutive quarters

Gloomy Monday morning at TCS as its mass layoffs jolt employees

This is the first time TCS has officially announced large-scale layoffs

TCS to lay off 2% of its workforce, impacting over 12,000 employees

This is the second time the company has announced a layoff. The last instance was in 2012 when the firm laid off around 2,500 employees due to underperformance

Labour ministry asks TCS to meet CLC next week to discuss onboarding delay

According to the letter sent by the ministry addressing the chairman and managing director of TCS, the meeting will be held on August 1

FY26 likely to be another slow year for IT companies, say analysts

Analysts say possibility of hitting high single-digit revenue growth looks unlikely

India-UK trade deal: Double contribution pact to smoothen ops for IT cos

So far, Indian professionals working for a limited period in UK contributed to the country's social security funds, but they would not get benefits as they would return once the project is completed

IT major Infosys raises growth guidance, buoyed by strong deal pipeline

Revenue was up 7.5 per cent to ₹42,279 crore, supported by strong deal wins in financial services and manufacturing businesses even in a subdued macroeconomic environment

Attrition, hiring at IT companies continue to float on choppy waters

This comes in a tepid job market, where overall demand remains soft but companies are scrambling to find talent with niche digital skills like artificial intelligence (AI), cloud, and cybersecurity

India's top IT firms have more than 250,000 highly skilled AI employees

Tata Consultancy Services (TCS) has about 114,000 people with higher order AI skills, which the company believes will allow it to create a 'skills pyramid'

Wipro keeps IT momentum going; Q1 profit rises 10.9% to ₹3,330 crore

Guidance for the second quarter improves

IT employees' union says TCS bench policy 'coercive' and 'punishing'

35-day bench rule pressures employees and promotes a culture of fear, says NITES

Wipro yet to decide on salary hikes, cites weak demand environment

Wipro delays salary hike decision amid global uncertainty and subdued demand; attrition rises to 15.1% and hiring remains cautious despite higher variable payouts

Uncertain macro situation stifling discretionary spending: Wipro chairman

Things have not worsened for Indian IT industry but they have not got any better either, he says

Rising cloud costs, security push some firms back to on-premise infra

The shift, called cloud repatriation, involves moving applications, data, and workloads from a public cloud environment back to on-premises infrastructure, private clouds, or other hosting environment