New Delhi, April 17 (IANS) Global tech layoffs are accelerating in 2026, with more than 80,000 jobs already cut in the first quarter and total losses likely to exceed 3 lakh this year, led by companies like Oracle, Amazon, and Meta, according to a report.The report by TradingPlatforms noted that the latest wave of layoffs builds on a broader post-pandemic correction, with over one million tech jobs lost globally since 2021 as companies recalibrate hiring after the Covid-era expansion.Artificial …
Latest IT services News & Updates
Mumbai, April 16 (IANS) Wipro, a leading global end-to-end IT transformation, consulting and business process services provider, on Thursday reported a 1.89 per cent year-on-year (YoY) decline in its consolidated profit after tax to Rs 3,501.8 crore for the fourth quarter of FY26, compared to Rs 3,569.6 crore in the same period previous financial year (Q4 FY25).On a sequential basis, however, the company posted a 12.27 per cent rise in profit, according to its stock exchange filing.Earnings per …
New Delhi, April 15 (IANS) India’s gig hiring landscape evolves from a volume‑led opportunity into a capability‑led ecosystem, with demand shifting toward enterprise‑led hiring, Tier‑2 talent hubs and high‑skill remote roles, a report said on Wednesday.The report from foundit talent platform said the broader monthly hiring market moderated in March, with the overall index down 5 per cent month‑on‑month and largely stable on YoY basis up 1 per cent.White‑collar gig jobs grew fro…
New Delhi, April 9 (IANS) IT services major Tata Consultancy Services (TCS) on Thursday reported a slight rise in last‑12‑months attrition rate to 13.7 per cent in the fourth quarter (Q4), up from 13.5 per cent a year earlier.The tech giant also saw its headcount increase by 2,356 employees in the March quarter to 5,84,519, up from 5,82,163.”Women make up 35.2 per cent of total employee strength,” the software services firm said, adding that employee headcount dipped by 30,906 from the first…
New Delhi, April 6 (IANS) Salary increments across India Inc are expected to remain largely stable in 2026, with average hikes projected at 9.1 per cent, slightly higher than the 9 per cent increase recorded in 2025, a new report said on Monday.The “Deloitte India Talent Outlook 2026” report by Deloitte, based on a survey conducted earlier this year across multiple sectors, indicated that companies are now settling into a steady pattern of annual pay increases after the sharp fluctuations se…
New Delhi, March 17 (IANS) India’s services sector, now contributing about $2.2 trillion to gross domestic product (GDP), is expected to grow to about $6 trillion by 2035, implying a compound annual growth rate (CAGR) of about 10.6 per cent, a report said on Tuesday.The huge surge will increase services’ share of GDP to nearly 60 per cent while it currently accounts for about 55 per cent of GDP, the report from OmniScience Capital said.The report highlighted the growing dominance of India’…
New Delhi, March 9 (IANS) A sustained rise in crude oil prices due to the US-Iran war will benefit upstream oil exploration companies, energy infrastructure companies and select refineries while pressuring oil‑sensitive sectors such as aviation, paints, tyres, chemicals and logistics, a report said on Monday.Apart from these sectors, the report from Axis Securities recommended overweight positions also in defence and infrastructure, adding that stocks in less oil-sensitive sectors such as bank…
New Delhi, March 4 (IANS) The registration of new companies jumped by 37 per cent to 24,136 in February this year compared to the same month of the previous year, reflecting the strong business sentiment and increasing formalisation of the Indian economy driven by the government’s digital push.The registrations also shot up on a sequential basis from 23,280 in January before accelerating further in February.The new registrations of companies were dominated by the services sector, particularly IT…
New Delhi, Feb 17 (IANS) Indian-American businessman and venture capitalist Vinod Khosla on Tuesday made a bold prediction that by 2050, people may not even need jobs as Artificial Intelligence (AI) continues to advance rapidly across sectors.Speaking at the India AI Impact Summit 2026 here, Khosla said the future of jobs will become much clearer in the coming decades as AI systems grow more powerful and capable.He asserted that by 2025, it will be evident that traditional employment structures …
New Delhi, Feb 16 (IANS) As Indian markets’ medium‑term risk‑reward dynamics improve, investors wanting aggressive portfolios can consider 60–65 per cent equity allocation, with conservative investors maintaining higher fixed‑income exposure and a tactical cash buffer of about 5 per cent, a report said on Monday.PL Wealth, the wealth management arm of PL Capital, said in the report, Indian equity markets are navigating a phase of consolidation but retain a robust structural trajectory, w…