A sudden shutdown of a Pune-based information technology company has left more than 700 employees without jobs, triggering uncertainty among workers and raising fresh questions about transparency, accountability, and financial management within emerging technology businesses. The company, which operated from Pune’s prominent IT hub of Hinjewadi, reportedly ceased operations without providing adequate prior notice...
India’s Global Capability Centres (GCCs) are undergoing a significant transformation, evolving from traditional back-office support hubs into strategic innovation engines for multinational enterprises. These centres are increasingly being entrusted with high-value responsibilities in artificial intelligence development, product engineering, and technology governance, reflecting a broader shift in how global corporations structure their digital operations. Once primarily...
Global IT services company Cognizant is reportedly preparing for a significant workforce reduction, with plans to lay off approximately 15,000 employees as part of a broader restructuring initiative aimed at improving operational efficiency and aligning with evolving business priorities. The restructuring exercise is understood to be part of the company’s ongoing efforts to streamline its...