Mint s analysis shows the share of young workers in TCS s workforce has fallen from 59% in FY22 to 50.3% in FY24. For Infosys, that s a drop from 60% to 55% over the same period. Analysts attribute this to low growth of the IT services companies, and not to generative AI taking away jobs.
The race to bridge the AI skills gap is intensifying, with companies across sectors, including banks and telecom companies, offering competitive salaries and incentives to attract the best talent
Weak tech spending by telcos could put IT revival on hold livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
The pandemic saw firms world over scrambling to digitise their businesses, a trend that made IT services companies hire people in droves to handle the demand. The pandemic’s gone now, but the hired people are still around, mostly
Global technology services leaders flag risks from increasing AI adoption. Homegrown companies TCS, Infosys, HCL Tech too may make similar mentions in their annual reports