Infosys and TCS reported headcount declines in 2023-24 due to automation. Indian IT workers face challenges negotiating salaries with generative AI. Global tech job markets are impacted by AI, leading to a shift in causality for Indian companies.
‘Wipro is like a perpetual turnaround story’. Heard that line before? Well, the company has lagged peers. And having had eight CEOs since 2000 conveys a leadership continuity challenge. TCS, in its 55+ year history, has had fewer bosses. Pallia, therefore, has a difficult job.
Roadblocks ahead as Indian IT moves into high gear Indian IT services providers are on a roll right now. They are not only grabbing market share and clients from global peers but are also winning customers in new technology areas, aided by the Covid-19 pandemic, which has shaken off process-related inertia and sped up offshore
India Business News: Learn about the pioneering IT academics in India who played a crucial role in nurturing the Indian IT industry. Discover the contributions of V Rajaraman, H N Mahabala, C R Muthukrishnan, Kamala Krithivasan, J R Isaac, Deepak Phatak, P C P Bhatt, R Narasimhan, P V S Rao, S Ramani, and Keshav Nori in shaping the Indian IT landscape.
The uptick in IT hiring comes after the macroeconomic slump in 2023 led to a massive headcount correction last year. However, experts caution that current requirements are only filling vacant roles not replaced over the past few quarters and that the numbers are still small.