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Singh suggested the actual figure appears much higher, characterising this as part of a wider trend where profit is prioritised at the cost of workers' livelihoods.

TCS offers up to 2 years’ severance pay amid workforce restructuring

Employees who have been unallocated or “on the bench” for over eight months without finding a suitable role are offered a simpler package, consisting of notice period pay equivalent to three months.

Capgemini names Sanjay Chalke India CEO as Ashwin Yardi retires

Ashwin Yardi, who has led Capgemini in India for seven years, will retire from executive duties at the end of December.

TCS layoffs leave employees facing uncertainty and anxiety

TCS told Moneycontrol that speculations around a higher number of layoffs are incorrect and misleading, adding that the impact is limited to 2% of its workforce.

Accenture sees 'opportunity' in H-1B visa changes, impact limited to only 5% of US workforce

CEO Julie Sweet said every time there’s a big policy change, unfolded over decades, it has usually driven more business for the company.

Accenture’s Gen AI bookings jump to $1.8 bn in Q4, touch $5.9 bn for FY25

Since it began separately disclosing Gen AI numbers in FY24, the company has accumulated more than $7 billion in bookings from the nascent technology.

Analysts see limited impact on Indian IT as White House eases concern on H-1B fee hike

This calms the nerves of those expecting a massive hit for Indian IT firms, particularly in terms of margins and other business parameters.

Have robust local recruiting, hiring infrastructure: Cognizant on H-1B visa fee hike

The Teaneck-headquartered company, with a healthy exposure to H-1B visas in the US, is reviewing the US President Donald Trump’s H-1B visa fee hike and evaluating its potential impact on the company’s operations.

Indian IT cuts H-1B visa use by 56% in 8 years; US Big Tech emerges top sponsor

Approved H-1B petitions for initial employment from the top seven Indian IT firms fell 56 percent to 6,700 in FY2023 from about 15,100 in FY2015.

US HIRE Bill clouds Indian IT outlook but faces steep political hurdles

The bill proposes a 25 percent tax on certain payments to foreign firms for services consumed in the US, but experts say it is unlikely to pass in its current form.

Cognizant drops logo from social media after Bombay High Court reinstates trademark injunction

A Cognizant spokesperson said the company is complying with the order of the Bombay High Court, while also considering its options for redress and pursue available legal remedies to defend its right.

Nandan Nilekani is guiding us: Infosys CEO Salil Parekh strikes confident note on AI leadership

Parekh added that the Bengaluru-headquartered IT major has built a lot of content and capabilities around AI and the best place to scale up technology is Infosys and India.

The skills that won’t be replaced by AI, according to NR Narayana Murthy, Nandan Nilekani and Salil Parekh of Infosys

Murthy, who has seen many waves of technology disruption, said the one trait that stays through this constant evolution is the ability to learn.

Bombay HC restores ban on Cognizant logo use in India; Company to contest order

The bench instead reinstated a 19 March 2024 injunction that had barred the company from using the disputed branding in India.

From 4 weeks to 5 days: How Infosys’ AI agents are boosting enterprise operations

While 78% of business leaders believe responsible AI drives growth, only 2% enterprises meet benchmark maturity standards, an Infosys report has said

Cognizant to roll out pay hikes for 80% of eligible staff from November 1

In India, consistent top performers will see salary hikes in the high single digits.

LTIMindtree appoints Gururaj Deshpande as Chief Delivery Officer

In his new role, he will oversee LTIMindtree’s Delivery Units, Talent Solutions functions, Global Delivery Centres, and Delivery Excellence.

Infosys Q1 preview: 5 key factors to watch for

With peers TCS and HCLTech struggling with weak demand, the Street will be keenly watching Infosys’ commentary on deal ramp-ups, AI-led transformation and the pace of recovery in key markets

Infosys replaces National Insurance with GoDigit to insure 3.2 lakh employees

Winning a mandate by one of the largest IT players in the country is a major deal for the company in the competitive enterprise insurance segment.

TCS Q1 results preview: Five themes to watch out for

Going by their deal pipelines, IT players, including TCS, were in the previous quarter cautiously optimistic about growth in FY26. Their commentary will be closely tracked to see if the optimism prevails

Infosys fires employee for misconduct; says zero tolerance for any form of harassment

The employee in question has been identified as a 28-year-old Swapnil Nagesh Mali, who hails from Andhra Pradesh. Over 30 obscene videos of different women have been found on his phone.

LTIMindtree launches GCC-as-a-Service to tap rising demand from global enterprises

The Mumbai-based firm is the latest tech firm tapping into the growing market for GCC enablement services, following staffing firm Quess Corp’s launch of 'Origint', in June.

Future of services is hybrid: Former Cognizant CEO Francisco D’Souza says IT firms well-placed to modernise legacy systems

While AI will have a significant impact on services, large IT companies are unlikely to fully automate due to the complexity of legacy systems, D’Souza has said

States, GCCs to be consulted before creating framework to address talent issues in industry

The government is keen to emulate the IIT Madras Research Park model to boost talent issues in GCC industry

Brokerages see 30-45% upside in Quess Corp shares on leaner model, CEO says focus is on margins

FY25 earnings were impacted by a Rs 161 crore one-time provision, which management termed an 'acceleration of expected credit loss' to clean up the balance sheet.