India's IT services industry, valued at over $315 billion, is undergoing silent layoffs and job cuts, with estimates suggesting 25,000-35,000 jobs could be lost this year. Companies are prioritizing productivity improvements and workforce restructuring due to intense competition and weaker business conditions.
Large IT services companies are increasingly targeting the mid-market segment, traditionally served by smaller firms, due to AI-driven tech spending acceleration and a slowdown in traditional strongholds. This shift, exemplified by Accenture's new unit, is expected to intensify competition.
Bengaluru-based Sarvam has secured $234 million in funding at a $1.5 billion valuation, becoming India's newest AI unicorn. The investment, led by HCLTech, aims to bolster sovereign AI capabilities and develop AI models for Indian languages and use cases.
India's Global Capability Centres (GCCs) are rapidly growing, driven by MNCs seeking control over IP, data, and AI. With higher pay and specialized roles, GCCs are absorbing tech talent faster than traditional IT services, reshaping the hiring landscape.
A NSW inquiry found systemic weaknesses in the childcare sector, including for-profit services and lax regulation, allowed predators to abuse children. The report recommends reducing for-profit providers and increasing not-for-profit and government-run services.
A NSW inquiry found systemic weaknesses in the childcare sector, including for-profit services and lax regulation, allowed predators to abuse children. The report recommends reducing for-profit providers and increasing not-for-profit and public services.
JetBlue Airways is doubling its capacity at Fort Lauderdale-Hollywood International Airport, the home hub of Spirit Airlines, which is seeking a government bailout amid its second Chapter 11 filing in less than a year. JetBlue's market share at the airport has grown to over 20% from 18.5% a year earlier, while Spirit's share dropped to nearly 25% from over 28%. JetBlue's president said the airline took advantage of gate availability created by Spirit's capacity reductions.
JetBlue Airways is expanding at Fort Lauderdale-Hollywood International Airport regardless of whether Spirit Airlines secures a government bailout, JetBlue President Marty St. George said Tuesday. Spirit, which has filed for Chapter 11 bankruptcy protection for the second time in under a year, is in talks with the Trump administration for a potential $500 million loan that could give the government up to 90% stake. JetBlue's market share at Fort Lauderdale grew to over 20% from 18.5% a year earlier, while Spirit's share dropped to nearly 25% from over 28%.
TCS CEO K Krithivasan rejects the notion that India's IT sector will become obsolete, viewing AI as a catalyst for growth. Despite a 2.4% revenue decline in FY26, the company achieved a record $40.7 billion in total contract value.
