Tag: Tech Layoffs

TeraNova DC Targets 2 GW of AI-Ready Data Centres in India by 2032

Singapore-based Hillhouse Investments has launched TeraNova DC, a dedicated data-centre platform that plans to invest $12 billion to $15 billion in India by 2032. With a target of more than 2 gigawatts (GW) of capacity, the platform is set to become one of the largest announced data-centre programmes in the country. TeraNova DC will focus on hyperscale and AI-ready infrastructure. Its proposed locations are Maharashtra,...

Tech Mahindra’s Profit Rises 23.2% as Almost Every Large Deal Now Includes AI

Tech Mahindra’s profit after tax (PAT) rose 23.2% year on year to $166 million in the second quarter of FY27. The company won $1.023 billion in new deals in the quarter, up 25.4% from a year earlier. Deal wins over the past 12 months rose 34.8% from the same period a year before. On the earnings call, CEO and Managing Director Mohit Joshi said...
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AI-Driven Automation Fuels Massive 2025 Tech Layoffs Across Global Industry

In 2025, the technology sector faced one of its most turbulent years on record. More than 112,000 tech workers lost their jobs across 218...

TCS to Cut 12,000 Jobs Amid AI Restructuring

Tata Consultancy Services (TCS), India’s largest IT services provider, has announced plans to reduce its workforce by 2% in the financial year 2026. The...

IBM Layoffs: 9,000 US Jobs Cut, India Hiring Expands

IBM is reportedly preparing to layoffs of nearly 9,000 employees across its US offices in what appears to be a major corporate restructuring. While...

Infosys Under Fire as Sacked Employees Appeal to PMO

The Prime Minister’s Office (PMO) has received over 100 complaints from former Infosys employees, urging reinstatement and action to prevent future mass dismissals. The...