US EditionIs this the end of the Indian IT Industry?
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Is this the end of the Indian IT Industry?
In today’s Finshots, we trace a season of IT layoffs and talk about the quiet rise of in-house tech hubs that challenge India’s $250-billion outsourcing machine.The StoryJust three days ago, Tata Consultancy Services (TCS) confirmed it could let go of up to 12,000 people this year, which is roughly 2% of its global headcount. Salary hikes were also put on hold, and lateral hiring was frozen. This felt like a tremor in a company long known for Ta…
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