IT firms navigate workforce cuts, US slump, AI opportunities - The Financial Express

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NIFTY 50

BSE SENSEX

Infosys

Tata Consultancy Services

Wipro

United States

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IT firms navigate workforce cuts, US slump, AI opportunities - The Financial Express. View article details on HISWAI: https://www.financialexpress.com/business/industry-it-firms-navigate-workforce-cuts-us-slump-ai-opportunities-3464103/

Summary

The Indian IT sector, including Infosys, TCS, and Wipro, confronts multiple challenges like headcount reductions and declining US revenues but is simultaneously investing in artificial intelligence (GenAI) for strategic growth.

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