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TCS’ decision to lay off 12,000 employees is a harbinger for an IT overhaul in India. This and more in today’s ETtech Top 5.
Also in the letter:
■ PE firms drive GCC boom
■ Trump wants Intel CEO out
■ Chart-ed: Dunzo’s downfall
TCS layoffs herald AI shakeup of $283 billion outsourcing sector
India’s $283 billion outsourcing industry faces its biggest upheaval since the Y2K boom. Tata Consultancy Services’ (TCS) decision to cut over 12,000 jobs has shaken the sector, indicating that widespread AI adoption could eliminate…
