IT industry News

TCS Faces Significant Market Cap Drop and Plans 12,000 Layoffs Amidst AI Transition

Tata Consultancy Services (TCS) has lost over Rs 28,000 crore in market capitalisation after announcing plans to lay off 12,000 employees globally. The layoffs are part of TCS's st...

TCS Employees Await Salary Hike Announcement: HR Chief Milind Lakkad Provides Latest Update

TCS employees await salary hike announcements as HR chief Milind Lakkad shares updates. The company faces increased attrition but continues to grow its workforce and maintain hirin...

Breaking Barriers: Aarthi Subramanian Ascends as TCS's First Female COO, Shattering IT Industry's Glass Ceiling

Aarthi Subramanian is set to become the first woman COO of TCS, breaking the IT industry's glass ceiling. Her journey from a graduate trainee to the top executive role highlights h...

TCS Takes a Pause: Annual Salary Hikes Deferred Amid Economic Uncertainty

TCS delays annual salary hikes amid economic slowdown and tariff uncertainties, with increments moderating to single digits for many IT professionals.

TCS Faces Revenue Slowdown: Q4 Growth Dips to 2.5% Amid Market Uncertainties

TCS reports a slowdown in Q4 revenue growth to 2.5%, impacted by curtailed discretionary spending and deferred decision-making. Despite challenges, the company remains optimistic a...

LTIMindtree Welcomes Back Venugopal Lambu as CEO: A Strategic Leadership Move

LTIMindtree appoints Venugopal Lambu as its new CEO, marking a strategic leadership change. Lambu, with over 30 years of IT experience, returns to lead the company towards future g...

Venu Lambu Takes the Helm at LTIMindtree: A New Era for the IT Giant

LTIMindtree appoints Venu Lambu as CEO designate, signaling a new growth phase. With extensive IT experience, Lambu aims to drive sales, profitability, and leverage AI benefits in ...

Cognizant Elevates Retirement Age in India to 60: A New Era for Experienced Talent

Cognizant has increased the retirement age in India to 60 years from 58, aiming to attract and retain experienced talent. This policy change aligns with market practices and includ...