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Times of India | Big reset: Top 5 Indian IT cos shed nearly 7K jobs in FY26, reversing FY25 gains AI generated summary, Read the full article for complete information. India’s five largest IT services firms—TCS, Infosys, Wipro, HCLTech and Tech Mahindra—collectively cut 6,981 jobs in FY 2026, reversing the net gain of 12,718 hires recorded in FY 2025. The pullback, driven by demand uncertainty, delayed decision‑making and AI‑enabled efficiency gains, marks a shift from the traditional headcount‑focused growth model to one that emphasizes outcomes and AI‑augmented productivity. While TCS led the reductions with 23,460 cuts, Tech Mahindra shed 1,108 jobs; the remaining firms trimmed staff more modestly, focusing hiring on AI‑native, problem‑solving talent in data, cloud, cybersecurity and other frontier technologies. Industry data shows overall IT employment in India plateaued at about 5.9 million, with growth now concentrated in specialized, domain‑focused roles and driven by expanding global capability centres. Analysts predict a move toward a “digital labour” model, targeting 20 % AI‑driven workforces within two years and higher revenue per employee, even as overall workforce numbers recede. Read more: https://timesofindia.indiatimes.com/technology/tech-news/big-reset-top-5-indian-it-cos-shed-nearly-7k-jobs-in-fy26-reversing-fy25-gains/articleshow/130517837.cms #TCS #Infosys #Wipro #HCLTech #PhilFersht #RayWang

HCLTech and Suchi Semicon have partnered to offer an integrated design-to-backend semiconductor solution: HCLTech brings design expertise and global customer access, while Suchi provides OSAT manufacturing in Gujarat. Unlike HCLTech's Foxconn venture, this partnership involves no equity participation. https://economictimes.indiatimes.com/tech/technology/hcltech-suchi-semicon-team-up-to-offer-semicon-solutions/articleshow/128825402.cms #India #Tech #News #Semiconductors #HCLTech

HCLTech CEO says the current AI transition will be painful for the nearly US00 billion India IT services sector because it involves humans: Amid widespread concerns on jobs and relevance, a key industry leader acknowledged the transition challenges as the sector navigates AI-driven transformation. https://economictimes.indiatimes.com/tech/information-tech/ai-transition-to-be-painful-for-it-industry-as-it-involves-humans-hcltech-ceo/articleshow/128743773.cms #India #IndianTech #TechNews #ITServices #HCLTech