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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The recent layoffs at TCS have drawn attention to the chances of AI disruption in the industry. While AI is not yet directly causing staffing changes, it is definitely shaping them.
The recent decision of Tata Consultancy Services to lay off about 2% of its workforce has raised quite a few alarm bells. In fact, all of India’s top six IT services players are going through a hiring slowdown. This has been attributed to the strain on the industry caused by global uncertainties and artificial intelligence. But the reality is not all that simple.
“The true impact of AI replacing jobs is not here yet,” says Neeti Sharma, chief executive of human resources firm TeamLease Digital. “We only started adopting AI about a year ago in the country effectively. So …
Once seen as a threat, global capability centres appear to be becoming a potential growth driver for the country’s IT giants.
TCS CEO Krithivasan’s stunning disclosure lays bare a bind: AI is forcing IT services giants to give away a chunk of renegotiated contract value, even as new revenue remains lumpy and uncertain.
The retired banker wants India’s top companies to invest in AI. But the capital, ambition, and urgency simply aren’t there.
