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Global capability centres boost hiring from IT firms
Recent statistics reveal GCCs now source 45-48 per cent of their workforce from IT firms, up from 35 per cent in 2022-23. They offer premium salaries ranging from 20 per cent to 30 per cent higher than IT firms for those working in emerging areas like cloud, data and analytics.
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India becomes strategic hub for global corporations in Asia-Pacific: Report
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Global Capability Centres: Powering innovation and shaping the future
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How Indian and global CEOs are reacting to AI’s growing impact on jobs
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HCLTech appoints Cherukuri as global GCC practice leader
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Microsoft strikes deal with Musk to host Grok AI
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India sees uptick in mid-market GCCs
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UP govt's GCC policy to position Noida, Lucknow, Varanasi as tech hubs
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Flexible office space operators emerge as top choice for new GCCs in India
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“50% of our growth will come from GCCs”: Here are the trends shaping India’s managed workspaces sector
Global capability centres are expanding in India at breakneck speed. Flexi workspaces are playing a critical role in this boom. Here’s how UrbanWrk is supporting GCC growth in the country with its agile office solutions.
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Google surpasses IBM to lead in generative AI patents: Report
Data from IFI Claims, a database management company headquartered in the US, suggests that the tech giant has applied for 1,837 AI-related patents globally, followed by Samsung at 1,706, and Huawei at 1,399.
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Google hits 150 million users for subscription service with help of AI
The new AI tier accounted for "millions" of subscriptions, according to Shimrit Ben-Yair, a vice president at Google in charge of the subscription service.
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India has just one GenAI engineer for 10 open roles: Report
India faces a major AI talent gap, with only 49% of demand met, especially in emerging fields like GenAI and NLP, a Quess Corp report shows. Demand surged 45% year-on-year, led by GCCs and key sectors. Tier-2 cities are emerging as hotspots for AI hiring and experimentation.
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With machines fast learning, India Inc goes all in on training
A growing number of companies are extending AI training to all employees, rather than a select few, as they seek to stay relevant in the ongoing AI-driven transformation.
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Cisco lifts annual forecast on AI boost, names insider Patterson as new CFO
With products such as ethernet switches and routers, Cisco has benefited from a boom in data center investment, as technology giants have ramped up capital expenditure to meet the computing power needed to run generative AI applications.
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Microsoft set to trim about 3% of its workforce
Microsoft employed 228,000 full-time workers as of last June, the last time it reported its annual headcount. About 55% of those workers were in the U.S.
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Pharma, health-tech firms ramp up R&D hiring for innovation
Companies are also exploring applications of AI and machine learning in diagnostics, predictive analytics, and personalised care. Research in digital therapeutics, remote monitoring, and health platforms is also on the rise.
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Google announces applications for startup accelerators in India
The initiative is aimed at supporting India's growing AI ecosystem by helping startups in the Seed to Series A stages. Startups focused on Agentic AI and Multimodal AI are especially encouraged to apply.
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Chegg to lay off 22% of workforce amid disruption in edtech industry
The company, an online education firm that offers textbook rentals, homework help and tutoring, has been grappling with a decline in web traffic for months and warned that the trend would likely worsen before improving.
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AI leadership roles up 40-60% in FY25 as talent demand soars
Firms across IT, consulting, global capability centres, BFSI, and healthcare sectors are leading demand. Startups in ecommerce and fintech are setting up dedicated AI units.