Talks are underway between the promoters of mid-sized competitor Mastek and IT giant Zensar Technologies to purchase an 18% to 20% share. Although negotiations have not yet concluded, the value of the potential acquisition is believed to be more than $200 million and may perhaps reach $400 million. The long-planned
Vimeo has initiated its second round of global cutbacks in less than six months. The layoffs are done by the new owner, European technology firm Bending Spoons. These job cuts are part of the new owner's restructuring efforts following its acquisition of the video platform. Bending Spoons announced
IT giant Wipro announced on 16 January that it now anticipates hiring 7,500–8,000 graduates for the current fiscal year (FY26), a decrease from its initial goal of 10,000–12,000. The change follows subdued third-quarter performance, in which the Bengaluru-based company hired just 400 new employees.
The new labour code has resulted in exceptional costs totalling more than INR 4,373 crores for Tata Consultancy Services (TCS), Infosys, and HCLTech. As a result, the third quarter ending December 31 saw a sharp double-digit drop in profitability for the three largest IT services companies in the nation.
In the December quarter of FY26, HCL Technologies reported a slight decrease in its workforce, despite the IT services company continuing to hire recent graduates in the face of stable demand. The Noida-based company's headcount decreased by a net 261 people in Q3FY26. This decline has brought down
The largest software services exporter in India, Tata Consultancy Services (TCS), announced a substantial drop in its staff base in the December quarter. This is the second consecutive quarter of workforce contraction as the company continues to realign its manpower in response to cost constraints and technological advancements. According to
Infosys Ltd. faces the possibility of losing almost one-third of its around $400 million yearly revenue from Daimler, one of its top three clients, as the German automaker searches for a replacement vendor after execution delays. At a time when client technology budgets are being tightened by economic uncertainty, tariff
The massive IT company Infosys revealed on 7 December that it is collaborating with Amazon Web Services (AWS) to hasten the adoption of generative artificial intelligence (GenAI) in businesses. The collaboration focuses on merging Amazon Q Developer, AWS's generative AI-powered assistant, and Infosys Topaz, an AI-first suite of
The Maharashtra government informed the state legislative council on 9 December that Tata Consultancy Services had let go 376 workers from its Pune campuses during the first two quarters of the current fiscal year. Following enquiries from lawmakers who referenced news reports indicating widespread layoffs at the IT services company,
Following regulatory approvals, the $375 million purchase of HARMAN's Digital Transformation Solutions (DTS) business unit by IT services provider Wipro was finalised on 2 December, the firm announced. According to a statement from the Bengaluru-based IT company, the DTS acquisition was announced on August 21, 2025, and if
SAP and Tata Consultancy Services (TCS), a leading provider of IT services, have inked a five-year agreement to upgrade SAP's enterprise-wide cloud and generative AI operations. The deal's value was not revealed. TCS will assist SAP in simplifying its intricate IT environment, facilitating smooth IT operations,
One of HP's largest reorganisation initiatives in recent memory is about to begin. As part of a comprehensive cost-cutting initiative designed to make the company leaner and more competitive in the era of artificial intelligence, the computer and printer giant revealed intentions to eliminate between 4,000 and
The IT sector is still feeling the effects of Amazon's largest layoffs in its history. The people who seem to be suffering the most are engineers. Nearly 40% of the 4,700 verified job layoffs in places including New York, California, New Jersey, and Washington involve engineering positions,
Due to a sharp dip in second-quarter revenue, which was mostly brought on by Microsoft Corp. selling its software licences directly to major clients, Sonata Software Ltd. has fallen two spots in the Indian IT hierarchy. Previously, over 60% of Sonata's revenue came from this type of software
Infosys issued incentive letters to workers at various job levels on Friday, announcing its most recent round of performance-linked bonuses for the September quarter. An average bonus of 75% of the eligible or goal amount for the period has been given by the Bengaluru-based company, which is also the second-largest
The Tata Consultancy Services (TCS), India's leading IT company, has been issued a notice by the Labour Commissioner’s Office in Pune following several months of employee layoffs as the company prepares to reduce its workforce by 2%. Following several complaints from the Nascent Information Technology Employees Senate
According to its Executive Vice President and MD (South Asia), Arun Kumar Parameswaran, the US-based IT company Salesforce, which has seen a multi-fold increase in both business and investment, will keep investing and expanding in India because the nation has the proper talent pool. With its initial centre of excellence
According to data from Layoffs.fyi, the IT industry's major layoff wave has gotten worse in 2025, with over 1,000,000 workers losing their employment at 218 organisations so far. After years of overexpansion during the pandemic, tech firms from Bengaluru to Silicon Valley are reducing workers
In a regulatory statement on October 14, IT giant Infosys declared that it has won a £1.2 billion (about INR 14,137 crore) contract from the NHS Business Services Authority (NHSBSA) to provide a new workforce management system. The current Electronic Staff Record (ESR) system will be replaced with
As the Indian IT giant reduces people in response to changing customer demands and increasing automation, IT juggernaut Tata Consultancy Services (TCS) is providing severance compensation of up to two years' salary to long-serving employees whose skills no longer match corporate needs. In an effort to become more flexible
According to Business Insider, former Google CEO Eric Schmidt has expressed concerns about the expanding trend of flexible employment once more, stating that it may be eroding the tech industry's competitive advantage. Schmidt said in an interview with the "All-In" podcast that working from home hinders
According to sources cited by Reuters, the tech consulting business Accenture has revealed plans to open a new campus in the southern Indian state of Andhra Pradesh. Over time, the company hopes to add some 12,000 new jobs to its Indian workforce. Moreover, over 300,000 of Accenture'
Tata Consultancy Services (TCS), the biggest IT business in India, announced its most recent round of pay increases on September 2. According to news agency PTI, the increases would range from 4.5% to 7% for the majority of its employees. Employees of the Tata Group company began receiving letters
On August 21, Wipro, the Bengaluru-based IT business said that it would pay up to $375 million to Harman International Industries for a 100% stake in Harman Connected Services Inc. (DTS) and its subsidiaries, as well as some other assets. Subject to US antitrust clearances and other regulatory approvals, the