Industry Newsgenerative aienterprise softwareinfosysoutsourcing
Outsourcing Industry Faces AI-Driven Workforce Cuts
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Infosys lifted sentiment in India’s $200 billion-plus outsourcing sector after it raised its full-year sales forecast, sending its stock up over 10% this week. But rival TCS and Infosys reported profit declines (TCS down 14%, Infosys down 2.2%) and firms face enduring cost pressures from India’s new labour codes, U.S. H-1B changes, and AI-driven shifts that could reduce coder demand.
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