GenAI technologies would impact almost every sector and country: TCS Chairman Chandrasekaran

After two years of recessionary fears, high inflation, and unprecedented monetary tightening, the global macro-outlook looks relatively better now with improving growth, disinflation and monetary easing in sight, Tata Consultancy Services (TCS) Chairman N. Chandrasekaran said.

9 May 2024 12:08 pm

Tech Winter: Leading IT firms in India lost 70K employees in 2023-24

Tech winter: Amid the muted revenue growth in the Indian IT services sector due to global macroeconomic headwinds, leading IT companies saw a drop of nearly 70,000 employees in the last fiscal year (FY24), according to CRISIL. Infosys, Tata Consultancy Services (TCS), Wipro and Tech Mahindra, among others, lost maximum employees in FY24. While Infosys saw its employee headcount drop by 25,994, the headcount at TCS went down by 13,249, in FY24.

29 Apr 2024 10:51 am