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Happy Thursday! The countrys top IT firms have seen a massive drop in their bench strength, i.e. employees not on active projects. Find out why and more in todays ETtech Morning Dispatch.
The bench strength at top Indian outsourcers has nearly halved of late, with higher utilisation and generative artificial intelligence (GenAI) driving efficiency in the $254-billion IT industry. Bench strength in the IT industry means full-time employees who are not assigned any active project.
India Business News: The reduction in bench strength at top Indian outsourcing firms, amidst the industry's toughest business cycle, is driving higher utilization rates an
Experts say that even as vendor consolidation deals are being lapped up by the larger companies, their mid-tier rivals have borne the brunt
Most employees are being skilled in aspects beyond building core technologies - those that are more geared to embedding and integrating AI to improve daily tasks and productivity.