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The United States has continued its attacks on Iran for a ninth consecutive night following the deaths of three US soldiers, leading to a surge in oil prices. Despite the ongoing military action, Iran states that diplomatic negotiations with Washington are still proceeding through mediators.
Major Indian IT companies, including Infosys and HCL Technologies, have filed numerous WARN notices in Texas, signaling significant layoffs attributed to the growing impact of AI on large deals and reduced demand for redeployment.
Indian IT companies are revising their campus hiring strategies, leading to delayed offers and deferred onboarding for fresh graduates. These changes are attributed to shifting business demands and administrative issues, creating uncertainty for new recruits.
Major Indian IT companies including Infosys, TCS, Cognizant, and Wipro have reportedly reduced their canteen menus and are asking employees to bring their own food.
Indian IT companies are experiencing a subdued near-term outlook as clients reduce spending and the growing risks associated with artificial intelligence impact the sector.