With a slowing growth outlook, layoffs from global tech and weaker funding for Indian tech startups, we expect attrition to continue to fall providing tailwinds to margins for Indian IT companies, said Nomura India.
of how much work is still left to do, what we are seeing from the data is that the composition, where the inflation is coming from, is shifting a bit. there is less inflation pressure from good but the cost of housing and renting, shelter, that remains very high, and thatis shelter, that remains very high, and that is an issue for the federal reserve. pressure from goods. mark zuckerberg, the boss of meta, called it a year of efficiency and he would like to cut 10,000 jobs. he: was reflecting back on what has been happening to revenue at the company, calling the cratering of revenue a humbling experience, as he announced the new year of efficiency, 10,000 jobs cut, on top of a huge cut they announced last november. roughly the same size. what they have stated that they will cut first from the recruiting and then he will see tech jobs go in april and then in may you
A sector that continues to be the cornerstone of many of the present-day growth stories is facing a tough period not only for the businesses involved but also for its people, , elon musk, jobs cut, Nooring