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HIRING SLOWDOWN IN IT
Software majors delete 24,000 jobs across IT and engineering in a yearOver the last one year, Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra and LTIMindtree collectively recorded 92,00...- Apple names Meta veteran Scott Tucker as litigation chief in legal team shake-upApple has hired former Meta litigation chief Scott Tucker as vice president of global litigation and financial services, strengthening its ...
- I’ll believe it when I see it: Figma boss on AI restraint calls“It’s a nice thing to say, and I’ll believe it when I see it,” the 33-year-old Field -- one of the youngest American billionaires --told ET...
- Groww Q2 profit jumps; Hocco eyes big funding scoopGroww reported strong quarterly earnings in the July-September period. This and more in today’s ETtech Top 5.
- IT stocks surge despite US immigration curbsOn Friday, Indian IT stocks experienced an impressive surge, spearheaded by a remarkable 4.2% jump in Tata Consultancy Services shares. Thi...
- TCS Q2 profit rises 15% to Rs 13,884 crore as AI revenue doubles; growth remains subduedTCS reported a 15% year-on-year rise in September-quarter net profit to Rs 13,884 crore, while revenue grew 11.2% to Rs 73,188 crore. AI se...
- US jobless claims hover near 57-year low for fourth consecutive weekIn a recent report, weekly unemployment claims saw a slight drop of 2,000, totaling 197,000, which suggests some stability within the job m...
- The economics of India's biggest export industry goes topsy-turvyIndia’s $315-billion IT industry faces a structural shift as AI boosts productivity but puts pressure on pricing, revenue and entry-level h...
- Global Market: Eurozone business activity hits 29-month high as price pressure intensifiesEurozone business activity expanded at its fastest pace since April 2023 in September, driven by strong service demand and AI investments. ...
- Eurozone business growth hits over 3-1/2-year high despite inflation worries, PMI showsEurozone business activity experienced significant growth in September due to strong demand despite inflation concerns. The S&P Global Euro...
- Proofpoint doubles down on India amid rising cybercrimes, calls AI agents the new insider riskProofpoint is stepping up its India focus as AI adoption accelerates and cyber threats become more sophisticated. In an interview with ET, ...
- AI's race to transform the world before the money runs outCumulative spending globally on data centers alone could top $30 trillion by 2050, according to a projection by PwC, almost matching the va...
- Artificial Intelligence: Which jobs are going to be replaced by AI? Which age group will be exposed the most? Here's what experts sayWhich jobs are not safe from AI? Questions are being raised over the nature and magnitude of impact of Artificial Intelligence in coming ti...
- AI's race to transform the world before the money runs outInvestment in AI technology continues to rise, surpassing historical investments seen in railways and the internet. Major AI firms are expe...
- US adds disappointing 29,000 jobs and unemployment ticks up to 4.2% in SeptemberThe U.S. job market saw a sharp decline, with only 29,000 new positions added last month, pushing the unemployment rate up slightly to 4.2%...
- Why is US unemployment rate rising? September's jobs report indicates 'below expectations' hiring slowdownIn September, the US unemployment rate increased to 4.2% as employers added only 29,000 jobs, which is below expectations. Hiring slowed fr...
- IT fresher hiring rebounds; Agrani's Rs 800 crore raiseHappy Friday! After nearly two years of subdued fresher intake, hiring is picking up across the technology and IT industry. This and more i...
- India's manufacturing PMI hits 7-month high in September as domestic, export demand strengthenIndia’s manufacturing activity accelerated to a seven-month high in September, with the HSBC PMI rising to 55.1 from 52.8 in August as stro...
- India factory activity rebounds sharply in September as demand revives, PMI hits 7-month highIndia's manufacturing sector rebounded in September after a three-month slowdown, driven by strong demand for various products. The HSBC In...
- US private job growth picks up sharply in September: ADP dataUS private sector hiring experienced a significant rebound in September, with employers adding 90,000 jobs, up from 38,000 in August. This ...
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