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Cognizant to lay off employees as AI drives 'real and accelerated change'

BENGALURU, May 2 -- Cognizant Technology Solutions Corp. is cutting jobs as it pivots towards artificial intelligence (AI), marking one of the first instances of a large IT services firm explicitly li... Read More


Infosys wins $500 mn GCC deal from US firm

BENGALURU, April 30 -- Infosys Ltd has won a contract worth upwards of $500 million from US-based Truist Financial Corp. to set up and run a global capability centre (GCC) in Hyderabad, making it the ... Read More


Cognizant to cut 4,000 jobs amid slowdown

BENGALURU, April 30 -- Cognizant Technology plans to cut about 4,000 jobs, or roughly 1% of its workforce, according to two people with knowledge of the matter, as slowing demand and a push toward aut... Read More


Cognizant to cut 4,000 jobs as AI push, weak demand weigh on outlook

Bengaluru, April 29 -- Cognizant Technology plans to cut about 4,000 jobs, or roughly 1% of its workforce, according to two people with knowledge of the matter, as slowing demand and a push toward aut... Read More


Infosys secures largest GCC deal

BENAGLURU, April 29 -- Infosys Ltd has won a contract worth upwards of $500 million from US-based Truist Financial Corp. to set up and run a global capability centre (GCC) in Hyderabad, making it the ... Read More


Indian IT increases vigil on deal conversations even as AI eats revenue

New Delhi, April 28 -- In a shift from the 'growth at any cost' era, IT services industry leaders like Infosys Ltd, HCL Technologies Ltd, and Tech Mahindra Ltd are increasingly avoiding low-margin con... Read More


Indian IT's big boys admit concerns around AI-led deflation

New Delhi, April 27 -- A little more than three years after the launch of ChatGPT, the chief executives of India's top information technology (IT) services companies are beginning to acknowledge conce... Read More


Sonata Software CEO Samir Dhir steps down

MUMBAI, April 25 -- Samir Dhir will step down as chief executive officer of Sonata Software Ltd, the company said on Saturday, marking the first leadership change at a large Indian IT services firm in... Read More


Transition at Sonata: Rajsekhar Datta Roy is new CEO as Samir Dhar steps down

MUMBAI, April 25 -- Samir Dhir will step down as chief executive officer of Sonata Software Ltd, the company said on Saturday, marking the first leadership change at a large Indian IT services firm in... Read More


INFOSYS BEATSexpectations,Flags rising THREAT FROM AI

bengaluru, April 24 -- Infosys Ltd beat analysts' expectations as it grew at its fastest pace in three years in the last fiscal year, even as it flagged the potential impact of artificial intelligence... Read More