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HCLTECH WORKFORCE DECLINE
Elevation’s new India fund; InsuranceDekho charts D-Street pathHappy Tuesday! Elevation Capital is looking to back early-stage AI startups in India from its newest fund. This and more in today’s ETtech ...- HCLTech's workforce declines by 3,292 in Q1 FY27HCLTech's workforce shrank by a net 3,292 employees during the April-June quarter of FY2026-27, marking its sharpest quarterly decline in a...
- L’Oréal adds Innovist to cart; HealthQuad's new fundHappy Friday! Personal care giant L’Oreal has acquired a majority stake in Innovist in India’s biggest D2C deal. This and more in today’s E...
- Over 114,000 jobs cut in tech so far in 2026 as AI drives layoffs at Amazon, LinkedIn, othersTech companies are implementing significant workforce reductions, with 114,210 roles cut in early 2026, driven by AI and automation. Major ...
- IT's revenue per employee up in productivity winIndia's leading IT firms are seeing revenue per employee rise. This indicates a shift towards AI and automation driving productivity. Compa...
- IT cuts mid-tier, expands AI-smart entry level in new hiring playbookIndia's top IT companies are changing how they hire. They are bringing in more fresh graduates and giving them AI tools. Middle managers ar...
- Cost pressures part of normal market evolution, says LTM CEOLTM CEO Venu Lambu downplayed AI-led deflation concerns, framing pricing pressures as normal market evolution requiring adaptation. He emph...
- India's top five IT firms cut nearly 7,000 jobs in FY26India's top IT firms saw a hiring pullback in FY26, with the five major players reducing staff by nearly 7,000. This shift from expansion t...
- IT companies log productivity win in Q2 with better revenue per employeeHCLTech led the pack among the top-tier firms, posting a 2% increase in RPE to more than $16,000 (₹14.17 lakh) in the quarter ended Septemb...
- Indian IT faces flat Q2 amid sluggish global tech spendingWhile the weakening rupee could cushion margins after a soft first quarter, at least three analyst reports warned that discretionary IT spe...
- Infosys profit surges 8.7% on deals, Europe showInfosys raised its lower-end growth forecast for the fiscal, with revenue expected to expand between 1% and 3% from the earlier 0-3%. The c...
- Struggling with jobs after graduating college? Tech CEO says the problem will continue unless you...Entry-level IT developers may face challenges securing jobs in 2025, warns TinyCheque CEO Udit Goenka. He advises new graduates to work on ...
- Where are the tech jobs? Top 5 Indian IT cos' employee count slumps 2,587 in just one quarterTech jobs: India's $254-billion IT sector sees a shift towards automation and evolving technologies, reducing workforce expansion and alter...
- Indian IT biggies are slowly letting go of their love for H-1B visas, but US cos still want themIndia's top IT firms, including Infosys, TCS, HCLTech, and Wipro, are reducing their H-1B visa dependency by increasing local hires and tec...
- HCLTech Q3 profit up 5.5% to Rs 4,591 crore, revenue climbs 5%HCLTech’s software revenue growth however declined 2.1% YoY in constant currency terms as it failed to close some deal renewals as well as ...
- IT sector’s top firms reverse headcount fall after 7 quartersAfter a period of declining headcount, India's leading IT companies have reversed the trend, collectively hiring over 17,500 employees in t...
- Tech Mahindra adds 6,653 employees in Q2, leading the packThis is the second consecutive quarter of headcount growth for the company, following a dip of nearly 800 employees in Q4 of FY24. Tech Mah...
- Grounded by weak biz, IT companies cut travel bills by halfTop IT service providers in India have cut their travel costs by almost half since the Covid-19 pandemic due to weak demand and strict US v...
- Indian software sector earnings will remain modest in Q1: here’s whyInfosys and LTIMindtree are expected to lead a modest increase in average growth for Indian software service providers in the first quarter...
- Top four IT firms report 50,000 fall in headcount over last yearOver the year, the headcount at India’s largest software services firm, TCS, dropped by 10,669. Infosys reported a 24,182 reduction, while ...
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