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IT firms: Midcaps up M&A game with winds of tech spends revival

Cognizant: IT companies Cognizant, Capgemini hired 1.5 lakh less hands in 2023

Global hiring decline in 2023 impacted major IT companies like Cognizant and Capgemini. Indian IT firms also faced headcount reductions. Everest Group attributed layoffs to Covid over-hiring, while Gen AI influenced hiring decisions.

IT companies Cognizant, Capgemini hired 1.5 lakh less hands in 2023, ET Telecom

Cognizant: Top Indian IT service providers like Tata Consultancy Services, Infosys and Wipro too have seen a drop in their headcount, which declined by around 70,000 in total in the fiscal year ended March 31.

IT majors Cognizant, Capgemini hired 1.5 lakh less employees in 2023; here's why

India Business News: The total number of employees hired by major IT companies Cognizant and Capgemini decreased globally by 151,607 in 2023 compared to 2022, according to

Indian BPM industry will adopt AI, jobs won't be lost but roles will evolve

Deals bagged by top 4 IT firms increase by 32% in FY24 - The Hindu BusinessLine

IT firms' margins hit a three-year low in FY24 - The Hindu BusinessLine

Top 5 Indian IT services companies saw a decline of 69,167 employees in FY24

Four out of the five top IT companies including TCS, Infosys, Wipro and Tech Mahindra lost employees both sequentially in Q4 and full year FY24. HCLTech bucked the trend.

CEO Severance Pay: With $11 million exit pay, Delaporte joins other CEOs in costly exits

An analysis of employment contracts of top IT leaders shows that in recent years, payments to exiting CEOs at companies such as Tata Consultancy Services (TCS), Cognizant and Wipro have ranged from Rs 48 crore to Rs 92 crore.

Lenskart's $200-million secondary; Wipro's Delaporte's golden handshake

Happy Thursday! Singapore investor Temasek and US-based fund Fidelity are preparing for a $200-million funding round in Lenskart along with Fidelity.