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itemtype="https://schema.org/BreadcrumbList" class="clr breadCrumb contentwrapper"><span itemprop="itemListElement" itemscope="" itemtype="https://schema.org/ListItem"><meta itemprop="position" content="1"><a href="https://economictimes.indiatimes.com" itemprop="item" title="The Economic Times">Business News<meta itemprop="name" content="Business News"></a></span>&rsaquo;<span>Infosys Layoffs</span> </div></div><div id="breakingNews"><div class="contentwrapper prel"><ul class="bnews flt"></ul><div class="nextPrev"><span class="flt prev"></span><span class="flr next"></span></div></div></div><div class="clr"></div><div class="main_container clearfix"><section id="pageContent"><h1 class="h1">Infosys Layoffs</h1> <div class="clrwh"></div><div class="clrwh"></div><div><div class="eachStory" id="sid118122113"><span href="https://economictimes.indiatimes.com/tech/web-stories/ettech-top-5-top-tech-and-startup-stories-of-the-day/infosys-layoffs/slideshow/118122113.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" fetchpriority="high" src="https://economictimes.indiatimes.com/thumb/msid-118122113,width-160,height-120,imgsize-2424911,resizemode-75/tech/web-stories/ettech-top-5-top-tech-and-startup-stories-of-the-day/infosys-layoffs.jpg" alt=""><span class="Msprite com-slide-icon"></span></span></span><h3><a href="https://economictimes.indiatimes.com/tech/web-stories/ettech-top-5-top-tech-and-startup-stories-of-the-day/infosys-layoffs/slideshow/118122113.cms" data-conttype="0">Infosys layoffs</a></h3><p></p></div></div><div><div class="eachStory" id="sid118299284"><span href="https://economictimes.indiatimes.com/tech/web-stories/ettech-unwrapped/infosys-mass-layoffs/slideshow/118299284.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118299284,width-160,height-120,imgsize-734678,resizemode-75/tech/web-stories/ettech-unwrapped/infosys-mass-layoffs.jpg" alt=""><span class="Msprite com-slide-icon"></span></span></span><h3><a href="https://economictimes.indiatimes.com/tech/web-stories/ettech-unwrapped/infosys-mass-layoffs/slideshow/118299284.cms" data-conttype="0">Infosys mass layoffs</a></h3><p></p></div></div><div id="div-gpt-ad-1632384257839-0" class="adsbg300 clr" style="min-width: 300px; min-height: 250px;text-align:center;margin:0 auto 30px" data-adsSlot="ET_Personal_Finance/ET_Personal_Finance_Home/ET_ROS_PFN_MID_1" data-size="[300, 250]" data-oop="0" data-loc="All"></div><div><div class="eachStory" id="sid118027502"><span href="https://economictimes.indiatimes.com/tech/web-stories/ettech-top-5-top-tech-and-startup-stories-of-the-day/infosys-layoff/slideshow/118027502.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118027502,width-160,height-120,imgsize-711593,resizemode-75/tech/web-stories/ettech-top-5-top-tech-and-startup-stories-of-the-day/infosys-layoff.jpg" alt=""><span class="Msprite com-slide-icon"></span></span></span><h3><a href="https://economictimes.indiatimes.com/tech/web-stories/ettech-top-5-top-tech-and-startup-stories-of-the-day/infosys-layoff/slideshow/118027502.cms" data-conttype="0">Infosys layoff</a></h3><p></p></div></div><div><div class="eachStory" id="sid118116002"><span href="https://economictimes.indiatimes.com/news/new-updates/we-dont-know-vacate-the-premises-infosys-faces-backlash-for-reportedly-denying-crying-female-employees-plea-to-stay-overnight/articleshow/118116002.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118116002,width-160,height-120,imgsize-30288,resizemode-75/news/new-updates/we-dont-know-vacate-the-premises-infosys-faces-backlash-for-reportedly-denying-crying-female-employees-plea-to-stay-overnight.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/news/new-updates/we-dont-know-vacate-the-premises-infosys-faces-backlash-for-reportedly-denying-crying-female-employees-plea-to-stay-overnight/articleshow/118116002.cms" data-conttype="0">'We don’t know. Vacate the premises': Infosys faces backlash for reportedly denying a crying female employee's plea to stay overnight</a></h3><p>Infosys fired over 300 employees at its Mysuru campus after they failed internal evaluations. The trainees were asked to vacate the campus the same day despite their pleas to stay the night. Many of the terminated employees had waited over two years after receiving their offer letters before joining the company, only to be let go within months.</p></div></div><div id="div-gpt-ad-1632384283166-0" class="adsbg300 clr" style="min-width: 300px; min-height: 250px;text-align:center;margin:0 auto 30px" data-adsSlot="ET_Personal_Finance/ET_Personal_Finance_Home/ET_ROS_PFN_MID_2" data-size="[300, 250]" data-oop="0" data-loc="All"></div><div><div class="eachStory" id="sid118217712"><span href="https://economictimes.indiatimes.com/tech/information-tech/infosys-mass-layoffs-complaint-referred-to-karnatakas-labour-ministry/articleshow/118217712.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118217712,width-160,height-120,imgsize-140442,resizemode-75/tech/information-tech/infosys-mass-layoffs-complaint-referred-to-karnatakas-labour-ministry.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/information-tech/infosys-mass-layoffs-complaint-referred-to-karnatakas-labour-ministry/articleshow/118217712.cms" data-conttype="0">Infosys mass layoffs complaint referred to Karnataka's labour ministry</a></h3><p>Earlier this week, NITES filed a formal complaint with the labour ministry with the central government to take action against Infosys for the termination of the young employees calling it “illegal, unethical” and that it was in “violation of labour laws”.</p></div></div><div class="colombia colombiaAd eachStory" data-section="0" data-position="1" data-slot="129001" id="div-clmb-ctn-129001-1"></div><div><div class="eachStory" id="sid118067633"><span href="https://economictimes.indiatimes.com/tech/information-tech/employee-union-nites-logs-complaint-with-government-over-infosys-mass-layoffs/articleshow/118067633.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118067633,width-160,height-120,imgsize-1035860,resizemode-75/tech/information-tech/employee-union-nites-logs-complaint-with-government-over-infosys-mass-layoffs.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/information-tech/employee-union-nites-logs-complaint-with-government-over-infosys-mass-layoffs/articleshow/118067633.cms" data-conttype="0">Infosys layoffs: IT employee union logs complaint with government</a></h3><p>The Nascent Information Technology Employees Senate called the mass termination “illegal and unethical,” accusing Infosys of "disregarding" established labour laws by not following due process before terminating the trainees and employing coercive tactics that infringe on their fundamental rights.</p></div></div><div id="div-gpt-ad-1632384307902-0" class="adsbg300 clr" style="min-width: 300px; min-height: 250px;text-align:center;margin:0 auto 30px" data-adsSlot="ET_Personal_Finance/ET_Personal_Finance_Home/ET_ROS_PFN_MID_3" data-size="[300, 250]" data-oop="0" data-loc="All"></div><div><div class="eachStory" id="sid118060047"><span href="https://economictimes.indiatimes.com/tech/information-tech/infosys-layoffs-pay-hikes-and-expansion-key-updates/articleshow/118060047.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118060047,width-160,height-120,imgsize-1035860,resizemode-75/tech/information-tech/infosys-layoffs-pay-hikes-and-expansion-key-updates.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/information-tech/infosys-layoffs-pay-hikes-and-expansion-key-updates/articleshow/118060047.cms" data-conttype="0">Infosys layoffs, pay hikes, and expansion: Key updates</a></h3><p>While the country’s second-largest IT services company is facing criticism for laying off 700 staff onboarded in October, it has countered the charge by saying under 350 have been laid off. Moreover, it has pointed out that the service contract of these system engineers (SEs) and digital SEs specifically mentions that the company would let go of those recruits who are unable to clear the internal assessment.</p></div></div><div><div class="eachStory" id="sid118197996"><span href="https://economictimes.indiatimes.com/markets/stocks/stock-liveblog/infosys-stock-price-livestock-price-today-live-updates-13-feb-2025/liveblog/118197996.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118197996,width-160,height-120,imgsize-72191,resizemode-75/markets/stocks/stock-liveblog/infosys-stock-price-livestock-price-today-live-updates-13-feb-2025.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/markets/stocks/stock-liveblog/infosys-stock-price-livestock-price-today-live-updates-13-feb-2025/liveblog/118197996.cms" data-conttype="0">Infosys Share Price Live Updates: Infosys mass layoffs complaint referred to Karnataka's labour ministry</a></h3><p>Join us on the Infosys Stock Liveblog, your hub for real-time updates and comprehensive analysis on a prominent stock. Stay in the know with the latest information about Infosys, including: Last traded price 1843.25, Market capitalization: 765367.02, Volume: 5237744, Price-to-earnings ratio 27.68, Earnings per share 66.59. Our liveblog provides a well-rounded view of Infosys by incorporating both fundamental and technical indicators. Be the first to receive breaking news that can impact Infosys's performance in the market. Our expert analysis and recommendations empower you to make informed investment choices. Stay informed and stay ahead with the Infosys Stock Liveblog. The data points are updated as on 07:05:19 PM IST, 13 Feb 2025</p></div></div><div><div class="eachStory" id="sid118069191"><span href="https://economictimes.indiatimes.com/tech/web-stories/infosys-lays-off-around-700-mysuru-campus-recruits/slideshow/118069191.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118069191,width-160,height-120,imgsize-30862,resizemode-75/tech/web-stories/infosys-lays-off-around-700-mysuru-campus-recruits.jpg" alt=""><span class="Msprite com-slide-icon"></span></span></span><h3><a href="https://economictimes.indiatimes.com/tech/web-stories/infosys-lays-off-around-700-mysuru-campus-recruits/slideshow/118069191.cms" data-conttype="0">Infosys lays off around 700 Mysuru campus recruits</a></h3><p></p></div></div><div><div class="eachStory" id="sid118007896"><span href="https://economictimes.indiatimes.com/tech/information-tech/infosys-lays-off-around-700-mysuru-campus-recruits/articleshow/118007896.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118007896,width-160,height-120,imgsize-30288,resizemode-75/tech/information-tech/infosys-lays-off-around-700-mysuru-campus-recruits.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/information-tech/infosys-lays-off-around-700-mysuru-campus-recruits/articleshow/118007896.cms" data-conttype="0">Infosys lays off around 700 Mysuru campus recruits</a></h3><p>Around 400 employees were called in batches and given an ultimatum letter after they failed to meet the minimum requirement across three attempts in a qualifying test, the syllabus and criteria of which were changed later, multiple employees confirmed the developments to ET.</p></div></div><div><div class="eachStory" id="sid118387781"><span href="https://economictimes.indiatimes.com/tech/information-tech/mysuru-layoffs-infosys-denies-using-force-intimidation-tactics-says-cooperating-with-labour-dept/articleshow/118387781.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118387781,width-160,height-120,imgsize-19152,resizemode-75/tech/information-tech/mysuru-layoffs-infosys-denies-using-force-intimidation-tactics-says-cooperating-with-labour-dept.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/information-tech/mysuru-layoffs-infosys-denies-using-force-intimidation-tactics-says-cooperating-with-labour-dept/articleshow/118387781.cms" data-conttype="0">Mysuru layoffs: Infosys denies using force, intimidation tactics; says cooperating with labour dept</a></h3><p>In an interview to PTI, Shaji Mathew, Chief Human Resources Officer at Infosys, however, conceded that assessment failure percentages this time around have been "slightly higher" than in the past but dismissed charges that the tests had been designed for failure.</p></div></div><div><div class="eachStory" id="sid118299275"><span href="https://economictimes.indiatimes.com/tech/web-stories/ettech-unwrapped/slideshow/118299275.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118299275,width-160,height-120,imgsize-906274,resizemode-75/tech/web-stories/ettech-unwrapped.jpg" alt=""><span class="Msprite com-slide-icon"></span></span></span><h3><a href="https://economictimes.indiatimes.com/tech/web-stories/ettech-unwrapped/slideshow/118299275.cms" data-conttype="0">ETtech Unwrapped</a></h3><p></p></div></div><div><div class="eachStory" id="sid118121012"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/nykaa-sees-growth-in-q3-peak-xv-offloads-1-freshworks-stake/articleshow/118121012.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118121012,width-160,height-120,imgsize-124490,resizemode-75/tech/newsletters/tech-top-5/nykaa-sees-growth-in-q3-peak-xv-offloads-1-freshworks-stake.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/nykaa-sees-growth-in-q3-peak-xv-offloads-1-freshworks-stake/articleshow/118121012.cms" data-conttype="0">Nykaa’s Q3 earnings; Peak XV offloads Freshworks stake</a></h3><p>Driven by strong festive season sales, fashion and beauty major Nykaa reported an increase in net profit. This and more in today’s ETtech Top 5.</p></div></div><div><div class="eachStory" id="sid118026860"><span href="https://economictimes.indiatimes.com/tech/web-stories/ettech-top-5-top-tech-and-startup-stories-of-the-day/slideshow/118026860.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118026860,width-160,height-120,imgsize-764213,resizemode-75/tech/web-stories/ettech-top-5-top-tech-and-startup-stories-of-the-day.jpg" alt=""><span class="Msprite com-slide-icon"></span></span></span><h3><a href="https://economictimes.indiatimes.com/tech/web-stories/ettech-top-5-top-tech-and-startup-stories-of-the-day/slideshow/118026860.cms" data-conttype="0">ETtech Top 5: Top tech and startup stories of the day</a></h3><p></p></div></div><div><div class="eachStory" id="sid117388973"><span href="https://economictimes.indiatimes.com/jobs/hr-policies-trends/tech-jobs-layoffs-where-are-the-tech-jobs-top-5-indian-it-cos-employee-count-slump-2587-in-just-one-quarter-wipro-hcltech-infosys-tcs-jobs/articleshow/117388973.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-117388973,width-160,height-120,imgsize-20736,resizemode-75/jobs/hr-policies-trends/tech-jobs-layoffs-where-are-the-tech-jobs-top-5-indian-it-cos-employee-count-slump-2587-in-just-one-quarter-wipro-hcltech-infosys-tcs-jobs.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/jobs/hr-policies-trends/tech-jobs-layoffs-where-are-the-tech-jobs-top-5-indian-it-cos-employee-count-slump-2587-in-just-one-quarter-wipro-hcltech-infosys-tcs-jobs/articleshow/117388973.cms" data-conttype="0">Where are the tech jobs? Top 5 Indian IT cos' employee count slumps 2,587 in just one quarter</a></h3><p>Tech jobs: India's $254-billion IT sector sees a shift towards automation and evolving technologies, reducing workforce expansion and altering hiring patterns. Productivity gains offset some impacts, while rising demand for specialized skills drives increased billing rates. Concerns over US immigration policy changes add complexity for Indian professionals abroad.</p></div></div><div><div class="eachStory" id="sid118364081"><span href="https://economictimes.indiatimes.com/tech/information-tech/infosys-offers-lower-80-q3-bonus-ahead-of-pay-hikes/articleshow/118364081.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118364081,width-160,height-120,imgsize-19152,resizemode-75/tech/information-tech/infosys-offers-lower-80-q3-bonus-ahead-of-pay-hikes.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/information-tech/infosys-offers-lower-80-q3-bonus-ahead-of-pay-hikes/articleshow/118364081.cms" data-conttype="0">Infosys offers lower bonus in Q3 ahead of pay hikes</a></h3><p>Infosys announced performance bonus averaging 80% of the target for Q3, with a 5-10% drop from the previous quarter. The company is expected to roll out annual pay hikes by March, despite strong financial results.</p></div></div><div><div class="eachStory" id="sid118250007"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/navis-new-leadership-infosys-under-scrutiny/articleshow/118250007.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118250007,width-160,height-120,imgsize-27662,resizemode-75/tech/newsletters/tech-top-5/navis-new-leadership-infosys-under-scrutiny.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/navis-new-leadership-infosys-under-scrutiny/articleshow/118250007.cms" data-conttype="0">Sachin Bansal's Navi rejig; Infosys under scrutiny</a></h3><p>Sachin Bansal will become Navi's executive chairman, focusing on strategy. This and more in today’s ETtech Top 5.</p></div></div><div><div class="eachStory" id="sid118022310"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/infosys-axes-fresh-recruits-delhivery-delivers/articleshow/118022310.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118022310,width-160,height-120,imgsize-121408,resizemode-75/tech/newsletters/tech-top-5/infosys-axes-fresh-recruits-delhivery-delivers.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/infosys-axes-fresh-recruits-delhivery-delivers/articleshow/118022310.cms" data-conttype="0">Infosys axes fresh recruits; Delhivery Q3 report</a></h3><p>IT major Infosys has begun laying off hundreds of employees who joined in October after a delayed onboarding. This and more in today’s ETtech Top 5.</p></div></div><div><div class="eachStory" id="sid118049309"><span href="https://economictimes.indiatimes.com/tech/information-tech/infosys-fires-hordes-of-trainees-says-they-failed-to-clear-internal-assessment/articleshow/118049309.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118049309,width-160,height-120,imgsize-583314,resizemode-75/tech/information-tech/infosys-fires-hordes-of-trainees-says-they-failed-to-clear-internal-assessment.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/information-tech/infosys-fires-hordes-of-trainees-says-they-failed-to-clear-internal-assessment/articleshow/118049309.cms" data-conttype="0">Infosys fires hordes of trainees, says they failed to clear internal assessment</a></h3><p>IT employee body says 700 affected, will approach labour ministry; company says only 350 terminated, separation not forceful.</p></div></div><div><div class="eachStory" id="sid118044779"><span href="https://economictimes.indiatimes.com/tech/newsletters/ettech-unwrapped/top-startup-and-tech-stories-this-week/articleshow/118044779.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118044779,width-160,height-120,imgsize-37466,resizemode-75/tech/newsletters/ettech-unwrapped/top-startup-and-tech-stories-this-week.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/ettech-unwrapped/top-startup-and-tech-stories-this-week/articleshow/118044779.cms" data-conttype="0">Top startup and tech stories this week</a></h3><p>Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.</p></div></div><div><div class="eachStory" id="sid112780524"><span href="https://economictimes.indiatimes.com/jobs/hr-policies-trends/strong-client-interest-on-genai-dont-foresee-layoffs-within-infosys-from-new-age-tech-ceo-salil-parekh/articleshow/112780524.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-112780524,width-160,height-120,imgsize-121408,resizemode-75/jobs/hr-policies-trends/strong-client-interest-on-genai-dont-foresee-layoffs-within-infosys-from-new-age-tech-ceo-salil-parekh.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/jobs/hr-policies-trends/strong-client-interest-on-genai-dont-foresee-layoffs-within-infosys-from-new-age-tech-ceo-salil-parekh/articleshow/112780524.cms" data-conttype="0">Strong client interest on GenAI; don't foresee layoffs within Infosys from new-age tech: CEO Salil Parekh</a></h3><p>Infosys CEO Salil Parekh revealed substantial interest from clients in Generative AI technology, comparable to previous digital and cloud adoption. The company has trained over 250,000 employees in GenAI without expecting layoffs. Despite a significant GST tax demand, Infosys continues to see positive growth due to ongoing client projects and benefits from GenAI technologies.</p></div></div><div><div class="eachStory" id="sid118390109"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/infys-low-pre-hike-bonus-ex-openai-ctos-thinking-machines/articleshow/118390109.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-118390109,width-160,height-120,imgsize-19152,resizemode-75/tech/newsletters/tech-top-5/infys-low-pre-hike-bonus-ex-openai-ctos-thinking-machines.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/infys-low-pre-hike-bonus-ex-openai-ctos-thinking-machines/articleshow/118390109.cms" data-conttype="0">Infy’s pre-hike bonus; Ex-OpenAI CTO’s startup</a></h3><p>Infosys awards an average 80% performance bonus for Q3, ahead of annual pay hikes by March-end, sources told ET. This and more in today’s ETtech Top 5.</p></div></div><div><div class="eachStory" id="sid115056908"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/ed-raids-ecommerce-sellers-layoffs-at-freshworks/articleshow/115056908.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-115056908,width-160,height-120,imgsize-36340,resizemode-75/tech/newsletters/tech-top-5/ed-raids-ecommerce-sellers-layoffs-at-freshworks.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/ed-raids-ecommerce-sellers-layoffs-at-freshworks/articleshow/115056908.cms" data-conttype="0">ED raids Amazon, Flipkart sellers; layoffs at Freshworks</a></h3><p>The Enforcement Directorate has conducted search operations at the premises of Amazon and Flipkart sellers. This and more in today’s ETtech Top 5.</p></div></div><div><div class="eachStory" id="sid109406993"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/robust-q4-for-infosys-good-glamm-group-lays-off-150-staffers/articleshow/109406993.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-109406993,width-160,height-120,imgsize-92620,resizemode-75/tech/newsletters/tech-top-5/robust-q4-for-infosys-good-glamm-group-lays-off-150-staffers.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/robust-q4-for-infosys-good-glamm-group-lays-off-150-staffers/articleshow/109406993.cms" data-conttype="0">Infosys Q4 earnings; layoffs at Good Glamm group</a></h3><p>India’s second-largest IT company Infosys posted upbeat results for the fourth quarter. More numbers in today’s ETtech Top 5.</p></div></div><div><div class="eachStory" id="sid110717331"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/it-ceos-salary-in-fy24-wipro-offers-85-variable-pay/articleshow/110717331.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-110717331,width-160,height-120,imgsize-92620,resizemode-75/tech/newsletters/morning-dispatch/it-ceos-salary-in-fy24-wipro-offers-85-variable-pay.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/it-ceos-salary-in-fy24-wipro-offers-85-variable-pay/articleshow/110717331.cms" data-conttype="0">IT CEOs' salary in FY24; Wipro offers 85% variable pay</a></h3><p>Happy Wednesday! Top bosses at some of the country’s leading IT firms took home enhanced salary packages last fiscal. More on this on today’s ETtech Morning Dispatch.</p></div></div><div><div class="eachStory" id="sid109864227"><span href="https://economictimes.indiatimes.com/tech/technology/it-companies-cognizant-capgemini-hired-1-5-lakh-less-hands-in-2023/articleshow/109864227.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-109864227,width-160,height-120,imgsize-1500935,resizemode-75/tech/technology/it-companies-cognizant-capgemini-hired-1-5-lakh-less-hands-in-2023.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/technology/it-companies-cognizant-capgemini-hired-1-5-lakh-less-hands-in-2023/articleshow/109864227.cms" data-conttype="0">IT companies Cognizant, Capgemini hired 1.5 lakh less hands in 2023</a></h3><p>Global hiring decline in 2023 impacted major IT companies like Cognizant and Capgemini. Indian IT firms also faced headcount reductions. Everest Group attributed layoffs to Covid over-hiring, while Gen AI influenced hiring decisions.</p></div></div><div><div class="eachStory" id="sid106734763"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/q3-it-earnings-off-to-a-weak-start-dealshare-names-kamaldeep-singh-as-ceo/articleshow/106734763.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-106734763,width-160,height-120,imgsize-49120,resizemode-75/tech/newsletters/tech-top-5/q3-it-earnings-off-to-a-weak-start-dealshare-names-kamaldeep-singh-as-ceo.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/q3-it-earnings-off-to-a-weak-start-dealshare-names-kamaldeep-singh-as-ceo/articleshow/106734763.cms" data-conttype="0">IT Q3 earnings off to a weak start; Dealshare’s new CEO</a></h3><p>The third-quarter IT earnings for FY24 began on a weak note as TCS posted a low single-digit rise in net profit while Infosys saw its profit fall 7%. This and more in today’s ETtech Top 5.</p></div></div><div><div class="eachStory" id="sid114418593"><span href="https://economictimes.indiatimes.com/markets/expert-view/what-to-do-with-bajaj-auto-dmart-manappuram-finance-and-3-other-stocks-aamar-deo-of-angel-one-decodes/articleshow/114418593.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-114418593,width-160,height-120,imgsize-41702,resizemode-75/markets/expert-view/what-to-do-with-bajaj-auto-dmart-manappuram-finance-and-3-other-stocks-aamar-deo-of-angel-one-decodes.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/markets/expert-view/what-to-do-with-bajaj-auto-dmart-manappuram-finance-and-3-other-stocks-aamar-deo-of-angel-one-decodes/articleshow/114418593.cms" data-conttype="0">What to do with Bajaj Auto, DMart, Manappuram Finance and 3 other stocks? Aamar Deo of Angel One decodes</a></h3><p>Most of the technical and derivatives indicators point towards a consolidation this week, with markets likely to be further driven by quarterly earnings, FII flows, geo-politics, and global market sentiments.</p></div></div><div><div class="eachStory" id="sid114244285"><span href="https://economictimes.indiatimes.com/markets/expert-view/hcl-techs-broad-based-growth-margin-boosts-signal-strong-future-performance-ravi-menon/articleshow/114244285.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-114244285,width-160,height-120,imgsize-5278,resizemode-75/markets/expert-view/hcl-techs-broad-based-growth-margin-boosts-signal-strong-future-performance-ravi-menon.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/markets/expert-view/hcl-techs-broad-based-growth-margin-boosts-signal-strong-future-performance-ravi-menon/articleshow/114244285.cms" data-conttype="0">HCL Tech's broad-based growth & margin boosts signal strong future performance: Ravi Menon</a></h3><p>I think after FY23, when they raised guidance in October but then missed due to sudden environmental changes, management is being cautious.</p></div></div><div><div class="eachStory" id="sid111047123"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/zomato-paytm-ticketing-deal-oyos-rs-1000-crore-funding/articleshow/111047123.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-111047123,width-160,height-120,imgsize-44680,resizemode-75/tech/newsletters/morning-dispatch/zomato-paytm-ticketing-deal-oyos-rs-1000-crore-funding.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/zomato-paytm-ticketing-deal-oyos-rs-1000-crore-funding/articleshow/111047123.cms" data-conttype="0">Zomato-Paytm ticketing deal; Oyo’s Rs 1,000-crore funding</a></h3><p>Zomato is looking to strengthen its ‘going-out’ business with the acquisition of Paytm’s ticket booking and events business. Details on this, and more in today’s ETtech Morning Dispatch.</p></div></div><div><div class="eachStory" id="sid101989604"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/infosys-net-profit-jumps-11-to-rs-5945-crore-dunzo-begins-fresh-layoffs-amid-deepening-crisis/articleshow/101989604.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-101989604,width-160,height-120,imgsize-68736,resizemode-75/tech/newsletters/tech-top-5/infosys-net-profit-jumps-11-to-rs-5945-crore-dunzo-begins-fresh-layoffs-amid-deepening-crisis.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/infosys-net-profit-jumps-11-to-rs-5945-crore-dunzo-begins-fresh-layoffs-amid-deepening-crisis/articleshow/101989604.cms" data-conttype="0">Infosys Q1 net profit jumps 11% to Rs 5,945 crore; Fresh layoffs begin at Dunzo</a></h3><p>The company sharply cut its FY24 revenue growth estimate on the back of an uncertain global environment. Infosys now sees revenue growing just 1-3.5% in constant currency terms, against 4-7% earlier.</p></div></div><div><div class="eachStory" id="sid101092469"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/india-likely-to-bag-40-of-jobs-lost-to-layoffs-globally-mojocare-funders-flag-financial-finagling/articleshow/101092469.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-101092469,width-160,height-120,imgsize-396378,resizemode-75/tech/newsletters/morning-dispatch/india-likely-to-bag-40-of-jobs-lost-to-layoffs-globally-mojocare-funders-flag-financial-finagling.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/india-likely-to-bag-40-of-jobs-lost-to-layoffs-globally-mojocare-funders-flag-financial-finagling/articleshow/101092469.cms" data-conttype="0">India likely to bag 40% of jobs lost to layoffs globally; Mojocare funders flag financial finagling</a></h3><p>Some good news to chase away the Monday blues. Remember the thousands who lost their jobs globally? According to experts, a big chunk of those roles could move to outsourcing hubs like India in the coming months. This and more in today’s ETtech Morning Dispatch.</p></div></div><div><div class="eachStory" id="sid98970175"><span href="https://economictimes.indiatimes.com/markets/stocks/news/layoffs-coming-to-the-indian-it-sector-analysts-say-accentures-jobs-cuts-offers-a-blueprint/articleshow/98970175.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-98970175,width-160,height-120,imgsize-24430,resizemode-75/markets/stocks/news/layoffs-coming-to-the-indian-it-sector-analysts-say-accentures-jobs-cuts-offers-a-blueprint.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/markets/stocks/news/layoffs-coming-to-the-indian-it-sector-analysts-say-accentures-jobs-cuts-offers-a-blueprint/articleshow/98970175.cms" data-conttype="0">Layoffs coming to the Indian IT sector? Analysts say Accenture’s jobs cuts offers a ‘blueprint’</a></h3><p>In spite of the many startups laying off employees since last year, the Indian IT sector has so far remained resilient. However, the recent announcement by global IT major Accenture that it will cut 19,000 jobs has brought back some of the fears again. Accenture has opted for retrenchments to drive resilience. “We are trying to cut structural costs so that we are in a better position. We are trying to mitigate the cost by driving efficiency,” Sweet added.</p></div></div><div><div class="eachStory" id="sid100258005"><span href="https://economictimes.indiatimes.com/tech/technology/amazon-lays-off-employees-in-india-across-functions/articleshow/100258005.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-100258005,width-160,height-120,imgsize-17278,resizemode-75/tech/technology/amazon-lays-off-employees-in-india-across-functions.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/technology/amazon-lays-off-employees-in-india-across-functions/articleshow/100258005.cms" data-conttype="0">Amazon lays off 500 employees in India across functions</a></h3><p>The Seattle-based technology giant is letting go of at least 500 employees in India, and the process is ongoing, they said.</p></div></div><div><div class="eachStory" id="sid102835450"><span href="https://economictimes.indiatimes.com/tech/technology/byjus-lets-go-of-more-staffers-in-mentoring-product-expert-functions/articleshow/102835450.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-102835450,width-160,height-120,imgsize-155354,resizemode-75/tech/technology/byjus-lets-go-of-more-staffers-in-mentoring-product-expert-functions.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/technology/byjus-lets-go-of-more-staffers-in-mentoring-product-expert-functions/articleshow/102835450.cms" data-conttype="0">Byju’s lets go of more staffers in mentoring, product expert functions</a></h3><p>The employees who were let go were placed on a performance improvement plan from July 1 to 20, sources said.</p></div></div><div><div class="eachStory" id="sid102553752"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/byjus-term-loan-gets-more-expensive-mpl-lays-off-350-post-gst-hit/articleshow/102553752.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-102553752,width-160,height-120,imgsize-2558597,resizemode-75/tech/newsletters/morning-dispatch/byjus-term-loan-gets-more-expensive-mpl-lays-off-350-post-gst-hit.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/byjus-term-loan-gets-more-expensive-mpl-lays-off-350-post-gst-hit/articleshow/102553752.cms" data-conttype="0">Byju’s term loan gets more expensive; MPL lays off 350 post GST hit</a></h3><p>Byju's quest to settle the $1.2 billion TLB feud might come at a steeper price. The embattled edtech firm might have to pony up an additional $50-60 million to service the increased interest rate it has offered to conclude the revised terms for the deal. This and more in today’s ETtech Morning Dispatch.</p></div></div><div><div class="eachStory" id="sid109546395"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/phonepes-rs-800-crore-in-house-bets-layoffs-at-allen/articleshow/109546395.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-109546395,width-160,height-120,imgsize-2531260,resizemode-75/tech/newsletters/morning-dispatch/phonepes-rs-800-crore-in-house-bets-layoffs-at-allen.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/phonepes-rs-800-crore-in-house-bets-layoffs-at-allen/articleshow/109546395.cms" data-conttype="0">PhonePe’s Rs 800 crore in-house bets; layoffs at Allen</a></h3><p>Fintech giant PhonePe has put big money into its subsidiaries to grow businesses such as insurance broking, wealth management and hyperlocal ecommerce. This and more in today’s ETtech Morning Dispatch.</p></div></div><div><div class="eachStory" id="sid102018062"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/online-gaming-investors-seek-meeting-with-pm-modi-on-28-gst-third-round-of-layoffs-begins-at-dunzo/articleshow/102018062.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-102018062,width-160,height-120,imgsize-1430796,resizemode-75/tech/newsletters/tech-top-5/online-gaming-investors-seek-meeting-with-pm-modi-on-28-gst-third-round-of-layoffs-begins-at-dunzo.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/online-gaming-investors-seek-meeting-with-pm-modi-on-28-gst-third-round-of-layoffs-begins-at-dunzo/articleshow/102018062.cms" data-conttype="0">E-gaming investors seek meeting with PM Modi on 28% GST; Third round of layoffs at Dunzo</a></h3><p>A clutch of domestic and foreign investors backing online gaming companies in India has sought a meeting with Prime Minister Narendra Modi to voice their concerns on the 28% GST levied on the industry.</p></div></div><div><div class="eachStory" id="sid102368719"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/policy-changes-in-online-gaming-ecommerce-startup-staff-seek-safer-shores/articleshow/102368719.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-102368719,width-160,height-120,imgsize-145450,resizemode-75/tech/newsletters/morning-dispatch/policy-changes-in-online-gaming-ecommerce-startup-staff-seek-safer-shores.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/policy-changes-in-online-gaming-ecommerce-startup-staff-seek-safer-shores/articleshow/102368719.cms" data-conttype="0">Policy changes in online gaming, ecommerce; CXOs log out of unicorns to start up</a></h3><p>It was a busy Wednesday for policymakers and one that could hold serious ramifications for India’s tech and startup ecosystem. Today’s ETtech Morning Dispatch brings you all these details and more. Read on!</p></div></div><div><div class="eachStory" id="sid101143088"><span href="https://economictimes.indiatimes.com/tech/technology/tech-sector-facing-challenges-but-will-bounce-back-nandan-nilekani/articleshow/101143088.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-101143088,width-160,height-120,imgsize-150954,resizemode-75/tech/technology/tech-sector-facing-challenges-but-will-bounce-back-nandan-nilekani.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/technology/tech-sector-facing-challenges-but-will-bounce-back-nandan-nilekani/articleshow/101143088.cms" data-conttype="0">Tech sector facing challenges but will bounce back: Nandan Nilekani</a></h3><p>The Infosys cofounders’ statement come as big tech companies such as Meta, Google, Amazon and Google had laid off techies in the west in a move to cut down costs.</p></div></div><div><div class="eachStory" id="sid102120324"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/incoming-valuation-markdown-for-byjus-myntra-rejig-to-lay-off-50/articleshow/102120324.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-102120324,width-160,height-120,imgsize-2171557,resizemode-75/tech/newsletters/morning-dispatch/incoming-valuation-markdown-for-byjus-myntra-rejig-to-lay-off-50.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/incoming-valuation-markdown-for-byjus-myntra-rejig-to-lay-off-50/articleshow/102120324.cms" data-conttype="0">Significant valuation markdown coming for Byju’s, Peak XV tells LPs; Myntra rejig to lay off 50</a></h3><p>Hello, happy hump day, but maybe not for Byju’s. Peak XV Partners, formerly Sequoia India, has told its investors that it will have to significantly mark down the value of its holding in Byju’s as it was in the dark about the company’s finances. This and more in today’s ETtech Morning Dispatch.</p></div></div><div><div class="eachStory" id="sid98958328"><span href="https://economictimes.indiatimes.com/markets/expert-view/tips-for-freshers-entering-it-industry-in-a-time-of-layoffs/articleshow/98958328.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-98958328,width-160,height-120,imgsize-16700,resizemode-75/markets/expert-view/tips-for-freshers-entering-it-industry-in-a-time-of-layoffs.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/markets/expert-view/tips-for-freshers-entering-it-industry-in-a-time-of-layoffs/articleshow/98958328.cms" data-conttype="0">Infosys veteran's tips for freshers entering IT industry in a time of layoffs</a></h3><p>Former HR Head of Infosys, Nandita Gurjar, advises freshers to focus on building their skills and competence, and joining organizations that appreciate learning, rather than focusing on salary expectations. She also suggests that freshers can start their career in any industry, as every industry has become a tech industry. While layoffs may be happening in certain industries, there are also job opportunities available for freshers, depending on the skills they possess, and companies are hiring in different sectors.</p></div></div><div><div class="eachStory" id="sid112707059"><span href="https://economictimes.indiatimes.com/markets/expert-view/long-term-outlook-good-for-it-services-sector-macquaries-ravi-menon-bullish-on-5-large-and-midcap-stocks/articleshow/112707059.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-112707059,width-160,height-120,imgsize-3376,resizemode-75/markets/expert-view/long-term-outlook-good-for-it-services-sector-macquaries-ravi-menon-bullish-on-5-large-and-midcap-stocks.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/markets/expert-view/long-term-outlook-good-for-it-services-sector-macquaries-ravi-menon-bullish-on-5-large-and-midcap-stocks/articleshow/112707059.cms" data-conttype="0">Long-term outlook good for IT services sector; Macquarie's Ravi Menon bullish on 5 large and midcap stocks</a></h3><p>Ravi Menon from Macquarie expresses optimism for a strong run in the Indian IT sector, highlighting companies like TCS, HCL, Wipro, and LTIMindtree. He further predicts significant investments in digital transformation and AI, noting Persistent Systems as a standout midcap pick. Challenges are anticipated for sectors like telecom and automotive.</p></div></div><div><div class="eachStory" id="sid107281960"><span href="https://economictimes.indiatimes.com/tech/information-tech/exclusive-wipro-to-lay-off-hundreds-of-mid-level-employees-to-improve-margins/articleshow/107281960.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-107281960,width-160,height-120,imgsize-54316,resizemode-75/tech/information-tech/exclusive-wipro-to-lay-off-hundreds-of-mid-level-employees-to-improve-margins.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/information-tech/exclusive-wipro-to-lay-off-hundreds-of-mid-level-employees-to-improve-margins/articleshow/107281960.cms" data-conttype="0">Exclusive: Wipro to lay off hundreds of mid-level employees to improve margins</a></h3><p>Wipro is cutting mid-level roles to improve margins. It bought Capco for $1.45 billion, Delaporte's biggest bet. Job cuts are part of the 'Left-Shift' strategy. Wipro underperforms and faces conflicting goals.</p></div></div><div><div class="eachStory" id="sid98843391"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/indias-negative-list-of-countries-disallowing-data-flow-is-coming-up-flipkarts-reshuffle-amazon-layoffs/articleshow/98843391.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-98843391,width-160,height-120,imgsize-1286369,resizemode-75/tech/newsletters/morning-dispatch/indias-negative-list-of-countries-disallowing-data-flow-is-coming-up-flipkarts-reshuffle-amazon-layoffs.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/indias-negative-list-of-countries-disallowing-data-flow-is-coming-up-flipkarts-reshuffle-amazon-layoffs/articleshow/98843391.cms" data-conttype="0">'Negative list' for data transfer in works; Flipkart’s reshuffle & Amazon layoffs</a></h3><p>The government may come up with ‘negative list' of countries where cross-border data flow will be disallowed, the minister of state for electronics and IT, Rajeev Chandrasekhar told ET. This and more in today’s ETtech Morning Dispatch.</p></div></div><div><div class="eachStory" id="sid99995831"><span href="https://economictimes.indiatimes.com/tech/information-tech/ettech-interview-no-big-bang-rejig-will-rationalise-costs-and-reinvest-cognizant-ceo-ravi-kumar-s/articleshow/99995831.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-99995831,width-160,height-120,imgsize-1271374,resizemode-75/tech/information-tech/ettech-interview-no-big-bang-rejig-will-rationalise-costs-and-reinvest-cognizant-ceo-ravi-kumar-s.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/information-tech/ettech-interview-no-big-bang-rejig-will-rationalise-costs-and-reinvest-cognizant-ceo-ravi-kumar-s/articleshow/99995831.cms" data-conttype="0">ETtech Interview | No big-bang rejig; will rationalise costs and reinvest: Cognizant CEO Ravi Kumar S</a></h3><p>Ravi Kumar S, who quit Infosys to take charge of the US firm in January 2023, says while large-scale reorganisation is not required, the company will let go of 1% of its staff and rationalise office space. This (employee impact) will be across corporate functions, overheads who are non-billable workforce, he said.</p></div></div><div><div class="eachStory" id="sid99980267"><span href="https://economictimes.indiatimes.com/news/india/cognizant-braces-for-slow-year-ahead-to-cut-3500-jobs-and-slash-office-spaces/articleshow/99980267.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-99980267,width-160,height-120,imgsize-36184,resizemode-75/news/india/cognizant-braces-for-slow-year-ahead-to-cut-3500-jobs-and-slash-office-spaces.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/news/india/cognizant-braces-for-slow-year-ahead-to-cut-3500-jobs-and-slash-office-spaces/articleshow/99980267.cms" data-conttype="0">Cognizant braces for slow year ahead, to cut 3,500 jobs and slash office spaces</a></h3><p></p></div></div><div><div class="eachStory" id="sid98175638"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/google-permits-alternative-billing-system-but-developers-cry-foul-uber-may-soon-onboard-traditional-taxis/articleshow/98175638.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-98175638,width-160,height-120,imgsize-1065228,resizemode-75/tech/newsletters/morning-dispatch/google-permits-alternative-billing-system-but-developers-cry-foul-uber-may-soon-onboard-traditional-taxis.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/google-permits-alternative-billing-system-but-developers-cry-foul-uber-may-soon-onboard-traditional-taxis/articleshow/98175638.cms" data-conttype="0">Google permits alternative billing system, but developers cry foul; Uber looks to partner with private taxi operators</a></h3><p>Complying with Competition Commission of India (CCI) directives, Google is bringing about a change in its ‘Google Play payment policy’. The change permits an alternative billing system for users making in-app purchases on mobile phones and tablets, alongside Google Play's billing system.</p></div></div><div><div class="eachStory" id="sid99805419"><span href="https://economictimes.indiatimes.com/tech/information-tech/employee-cost-proportion-rises-for-large-it-companies/articleshow/99805419.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-99805419,width-160,height-120,imgsize-2468745,resizemode-75/tech/information-tech/employee-cost-proportion-rises-for-large-it-companies.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/information-tech/employee-cost-proportion-rises-for-large-it-companies/articleshow/99805419.cms" data-conttype="0">Employee cost proportion rises for large IT companies</a></h3><p>TCS reported a sequential revenue increase of only 0.6% in constant currency, and the employee cost as a percentage of the revenue went up sequentially from 55.8% to 56.9%.</p></div></div><div><div class="eachStory" id="sid98120727"><span href="https://economictimes.indiatimes.com/tech/technology/infosys-founder-nr-narayana-murthy-on-chatgpt-tech-layoffs-it-services-and-more-full-interview/videoshow/98120727.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-98120727,width-160,height-120,imgsize-14706,resizemode-75/tech/technology/infosys-founder-nr-narayana-murthy-on-chatgpt-tech-layoffs-it-services-and-more-full-interview.jpg" alt=""><span class="Msprite com-video-icon"></span></span></span><h3><a href="https://economictimes.indiatimes.com/tech/technology/infosys-founder-nr-narayana-murthy-on-chatgpt-tech-layoffs-it-services-and-more-full-interview/videoshow/98120727.cms" data-conttype="0">Infosys founder NR Narayana Murthy on chatGPT, tech layoffs, IT services and more | Full interview</a></h3><p>In his first interview since Infosys@40, Infosys founder NR Narayana Murthy spoke exclusively to ET NOW on a range of topics, including significant-tech layoffs. He said that demand for India IT is on the rise and it's seeing a significant focus on MFG productivity. IT Services will continue to flourish. He added that he is a believer in new technology like ChatGPT. NR Narayana Murthy started Infosys way back in 1981 along with six other co-founders. Watch the full interview.Infosys founder NR Narayana Murthy on chatGPT, tech layoffs, IT services and more | Full interview</p></div></div><div><div class="eachStory" id="sid97187486"><span href="https://economictimes.indiatimes.com/tech/newsletters/ettech-unwrapped/another-crypto-company-goes-bust/articleshow/97187486.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-97187486,width-160,height-120,imgsize-1588212,resizemode-75/tech/newsletters/ettech-unwrapped/another-crypto-company-goes-bust.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/ettech-unwrapped/another-crypto-company-goes-bust/articleshow/97187486.cms" data-conttype="0">Another crypto company goes bust</a></h3><p>One of the world’s largest crypto lenders, Genesis froze withdrawals in November after the spectacular collapse of FTX.</p></div></div><div><div class="eachStory" id="sid97016331"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/layoffs-spread-to-dunzo-sharechat-rebel-foods-and-agri-tech-firms/articleshow/97016331.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-97016331,width-160,height-120,imgsize-1502796,resizemode-75/tech/newsletters/morning-dispatch/layoffs-spread-to-dunzo-sharechat-rebel-foods-and-agri-tech-firms.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/layoffs-spread-to-dunzo-sharechat-rebel-foods-and-agri-tech-firms/articleshow/97016331.cms" data-conttype="0">Layoffs spread to Dunzo, ShareChat, Rebel Foods, and agritech firms</a></h3><p>The latest developments are an extension of what has transpired in the so-called new economy over the last six to eight months. Layoffs at tech startups are expected to continue until the end of quarter, after which the situation could improve, industry experts said.</p></div></div><div><div class="eachStory" id="sid98960252"><span href="https://economictimes.indiatimes.com/markets/stocks/news/largecap-vs-midcap-accenture-earnings-show-which-it-companies-may-benefit/articleshow/98960252.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-98960252,width-160,height-120,imgsize-453544,resizemode-75/markets/stocks/news/largecap-vs-midcap-accenture-earnings-show-which-it-companies-may-benefit.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/markets/stocks/news/largecap-vs-midcap-accenture-earnings-show-which-it-companies-may-benefit/articleshow/98960252.cms" data-conttype="0">Largecap vs midcap: Accenture earnings show which IT companies may benefit</a></h3><p>Accenture is usually seen as a bellwether for the global IT sector, and analysts gauge the prospects for the Indian IT sector based on the global firm’s commentary and business outlook.</p></div></div><div><div class="eachStory" id="sid98789280"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/exclusive-byjus-offers-to-pay-higher-interest-rate-on-1-2b-loan-rajesh-gopinathans-ops-model-may-have-led-to-unease-at-tcs/articleshow/98789280.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-98789280,width-160,height-120,imgsize-1652651,resizemode-75/tech/newsletters/morning-dispatch/exclusive-byjus-offers-to-pay-higher-interest-rate-on-1-2b-loan-rajesh-gopinathans-ops-model-may-have-led-to-unease-at-tcs.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/exclusive-byjus-offers-to-pay-higher-interest-rate-on-1-2b-loan-rajesh-gopinathans-ops-model-may-have-led-to-unease-at-tcs/articleshow/98789280.cms" data-conttype="0">Exclusive: Byju’s offers to pay higher interest rate on $1.2B loan; Rajesh Gopinathan’s ops model may have led to unease at TCS</a></h3><p>Happy Monday. Byju’s has held discussions to pay higher interest rates to its lenders for the $1.2 billion loan the company picked up in November 2021, per sources in the know. This and more in today’s ETtech Morning Dispatch.</p></div></div><div><div class="eachStory" id="sid107296077"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/rbi-cracks-down-on-paytm-wipro-to-cut-hundreds-of-jobs/articleshow/107296077.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-107296077,width-160,height-120,imgsize-10936,resizemode-75/tech/newsletters/tech-top-5/rbi-cracks-down-on-paytm-wipro-to-cut-hundreds-of-jobs.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/rbi-cracks-down-on-paytm-wipro-to-cut-hundreds-of-jobs/articleshow/107296077.cms" data-conttype="0">RBI bars Paytm’s services; Wipro to cut hundreds of jobs</a></h3><p>In a big blow for the Vijay Shekhar Sharma founded fintech, the Reserve Bank of India has barred Paytm Payments Bank from offering all banking services after February 29. This and more in today’s ETtech Top 5.</p></div></div><div><div class="eachStory" id="sid111507241"><span href="https://economictimes.indiatimes.com/news/company/corporate-trends/budget-2024-will-budget-remove-the-killer-angel-for-the-sake-of-indian-startups/articleshow/111507241.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-111507241,width-160,height-120,imgsize-58626,resizemode-75/news/company/corporate-trends/budget-2024-will-budget-remove-the-killer-angel-for-the-sake-of-indian-startups.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/news/company/corporate-trends/budget-2024-will-budget-remove-the-killer-angel-for-the-sake-of-indian-startups/articleshow/111507241.cms" data-conttype="0">Budget 2024: Will Budget remove the ‘killer’ angel for the sake of Indian startups?</a></h3><p>Budget expectations for startups: Ahead of the Budget 2024, the DPIIT has proposed eliminating the Angel Tax for startups to boost capital formation. The department also aims to address the inverted duty structure and high tariffs on electronics inputs. The 'angel tax' issue has sparked political debates, with industry leaders and organizations urging its removal to facilitate startup investments. Startups will await Budget announcements with hopes for measures on angel tax.</p></div></div><div><div class="eachStory" id="sid96373900"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/layoffs-define-tech-in-2022-govt-weighs-in-on-moonlighting-debate/articleshow/96373900.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-96373900,width-160,height-120,imgsize-966047,resizemode-75/tech/newsletters/tech-top-5/layoffs-define-tech-in-2022-govt-weighs-in-on-moonlighting-debate.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/layoffs-define-tech-in-2022-govt-weighs-in-on-moonlighting-debate/articleshow/96373900.cms" data-conttype="0">Layoffs define tech in 2022; govt weighs in on moonlighting debate</a></h3><p>What goes up must come down. The tech world re-learned this old lesson the hard way in 2022 after two years of unprecedented growth, during which companies went on hiring sprees that would make Indian Railways blush. On today’s edition of Top 5 we look back on a year of massive, widespread tech layoffs and why the downturn caught so many companies off guard.</p></div></div><div><div class="eachStory" id="sid96952896"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/many-pe-vc-funds-get-sebi-notices-infosys-net-profit-up-13-4-in-q3/articleshow/96952896.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-96952896,width-160,height-120,imgsize-1985300,resizemode-75/tech/newsletters/morning-dispatch/many-pe-vc-funds-get-sebi-notices-infosys-net-profit-up-13-4-in-q3.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/many-pe-vc-funds-get-sebi-notices-infosys-net-profit-up-13-4-in-q3/articleshow/96952896.cms" data-conttype="0">Exclusive: Many PE, VC funds get Sebi notices; Infosys net profit up 13.4% in Q3</a></h3><p>These private-equity and venture capital funds, registered with the Securities and Exchange Board of India (Sebi) as AIFs, failed to adhere to the fund tenures specified in their respective offer documents while garnering the corpus, the sources said</p></div></div><div><div class="eachStory" id="sid98376541"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/ads-on-fintechs-pay-off-for-d2c-firms-dont-use-bikes-as-taxis-for-deliveries-delhi-govt-tells-online-platforms/articleshow/98376541.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-98376541,width-160,height-120,imgsize-1732125,resizemode-75/tech/newsletters/morning-dispatch/ads-on-fintechs-pay-off-for-d2c-firms-dont-use-bikes-as-taxis-for-deliveries-delhi-govt-tells-online-platforms.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/ads-on-fintechs-pay-off-for-d2c-firms-dont-use-bikes-as-taxis-for-deliveries-delhi-govt-tells-online-platforms/articleshow/98376541.cms" data-conttype="0">Ads on fintechs pay off for D2C firms; don’t use bikes as taxis for deliveries, Delhi govt tells online platforms</a></h3><p>With a captive user base and high user engagement, fintechs such as Paytm, PhonePe, and Google Pay are becoming popular with direct-to-consumer (D2C) brands seeking a platform to advertise and acquire customers. This and more in today’s edition of the ETtech Morning Dispatch.</p></div></div><div><div class="eachStory" id="sid97362318"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/startups-slam-googles-cosmetic-changes-to-android-tech-firms-oppose-parts-of-delhis-draft-aggregator-policy/articleshow/97362318.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-97362318,width-160,height-120,imgsize-1313568,resizemode-75/tech/newsletters/morning-dispatch/startups-slam-googles-cosmetic-changes-to-android-tech-firms-oppose-parts-of-delhis-draft-aggregator-policy.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/startups-slam-googles-cosmetic-changes-to-android-tech-firms-oppose-parts-of-delhis-draft-aggregator-policy/articleshow/97362318.cms" data-conttype="0">Startups slam Google’s ‘cosmetic’ changes to Android; tech firms oppose parts of Delhi’s draft aggregator policy</a></h3><p>On Wednesday, Google announced it would make a slew of changes to Android in India to comply with a ruling by the country’s competition watchdog last October, which found the tech giant guilty of abusing its market dominance. Now, a number of Indian startups have accused Google of using “delaying tactics”, saying its changes to Android are merely cosmetic.</p></div></div><div><div class="eachStory" id="sid97233332"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/pe-vc-investors-seek-tax-parity-in-budget-meesho-faces-seller-revolt-over-returns-policy/articleshow/97233332.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-97233332,width-160,height-120,imgsize-1654283,resizemode-75/tech/newsletters/morning-dispatch/pe-vc-investors-seek-tax-parity-in-budget-meesho-faces-seller-revolt-over-returns-policy.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/pe-vc-investors-seek-tax-parity-in-budget-meesho-faces-seller-revolt-over-returns-policy/articleshow/97233332.cms" data-conttype="0">PE, VC investors seek tax parity in budget; Meesho faces seller revolt over returns policy</a></h3><p>Internet industry body IndiaTech, which represents a clutch of startups and VC investors, also said that the longer holding period for unlisted securities to be considered long-term assets means angel investors have to pay up to four times more tax if they sell a stake in an unlisted company after holding it for 18 months.</p></div></div><div><div class="eachStory" id="sid94836166"><span href="https://economictimes.indiatimes.com/tech/information-tech/infosys-not-in-favour-of-dual-employment-salil-parekh/articleshow/94836166.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-94836166,width-160,height-120,imgsize-36698,resizemode-75/tech/information-tech/infosys-not-in-favour-of-dual-employment-salil-parekh.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/information-tech/infosys-not-in-favour-of-dual-employment-salil-parekh/articleshow/94836166.cms" data-conttype="0">Infosys not in favour of moonlighting, says CEO Salil Parekh</a></h3><p>In the last few months, most IT services companies have taken a tough stance on the practice of employees moonlighting, with cross-town rival Wipro letting go off 300 employees for working for competition.</p></div></div><div><div class="eachStory" id="sid97091681"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/the-unravelling-of-gomechanic-after-softbank-khazanah-funding-collapsed-oyo-to-refile-ipo-papers/articleshow/97091681.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-97091681,width-160,height-120,imgsize-51014,resizemode-75/tech/newsletters/tech-top-5/the-unravelling-of-gomechanic-after-softbank-khazanah-funding-collapsed-oyo-to-refile-ipo-papers.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/the-unravelling-of-gomechanic-after-softbank-khazanah-funding-collapsed-oyo-to-refile-ipo-papers/articleshow/97091681.cms" data-conttype="0">The unravelling of GoMechanic after SoftBank-Khazanah funding collapsed; Oyo to refile IPO papers</a></h3><p>With SoftBank and Malaysia’s Khazanah pulling the plug on GoMechanic funding round after EY flagged issues like inflated revenues, fictitious garages, the startup has admitted to making what its founder Amit Bhasin called “grave mistakes”. Bhasin also confirmed that the firm will sack about 70% of its employees as its investors including the likes of Sequoia, Tiger Global, Chiratae Ventures, have initiated a financial audit of the firm.</p></div></div><div><div class="eachStory" id="sid96942034"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/infosys-net-profit-up-13-4-in-q3-cashfree-sacks-150-employees/articleshow/96942034.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-96942034,width-160,height-120,imgsize-22440,resizemode-75/tech/newsletters/tech-top-5/infosys-net-profit-up-13-4-in-q3-cashfree-sacks-150-employees.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/infosys-net-profit-up-13-4-in-q3-cashfree-sacks-150-employees/articleshow/96942034.cms" data-conttype="0">Infosys net profit up 13.4% in Q3; Cashfree starts layoffs; and Goat acquires Chumbak</a></h3><p>Infosys said earlier today its consolidated net profit for the December quarter rose 13.4% on year to Rs 6,586 crore, beating estimates. Armed with a strong deal pipeline, the company raised its annual revenue outlook for FY23 from 15-16% to 16-16.5%.</p></div></div><div><div class="eachStory" id="sid109238469"><span href="https://economictimes.indiatimes.com/nri/work/indian-it-giants-ride-us-jobs-boom-hire-more-and-more-techies/articleshow/109238469.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-109238469,width-160,height-120,imgsize-1678446,resizemode-75/nri/work/indian-it-giants-ride-us-jobs-boom-hire-more-and-more-techies.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/nri/work/indian-it-giants-ride-us-jobs-boom-hire-more-and-more-techies/articleshow/109238469.cms" data-conttype="0">Indian IT giants ride US jobs boom, hire more and more techies</a></h3><p>US tech hiring surge boosts Indian IT firms like TCS, Infosys, HCL. Job openings in tech positions increase, with cities like New York, Washington, Dallas showing high demand. CompTIA forecasts further growth in the tech workforce.</p></div></div><div><div class="eachStory" id="sid105340543"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/fintechs-eye-credit-line-on-upi-to-grow-quick-commerce-firms-score-big-on-wc-final/articleshow/105340543.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-105340543,width-160,height-120,imgsize-658019,resizemode-75/tech/newsletters/morning-dispatch/fintechs-eye-credit-line-on-upi-to-grow-quick-commerce-firms-score-big-on-wc-final.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/fintechs-eye-credit-line-on-upi-to-grow-quick-commerce-firms-score-big-on-wc-final/articleshow/105340543.cms" data-conttype="0">Banks wary of credit on UPI by fintechs; layoffs at edtech unicorn Physics Wallah</a></h3><p>Indian fintechs are eyeing credit lines on UPI as their next big growth opportunity but banks want to put the brakes on the growth of unsecured credit. This and more in today’s ETech Morning Dispatch.</p></div></div><div><div class="eachStory" id="sid96336649"><span href="https://economictimes.indiatimes.com/markets/expert-view/great-resignation-was-a-fraud-not-sure-about-a-great-layoff-trend-either-digitisation-super-cycle-just-started-manish-sabharwal/articleshow/96336649.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-96336649,width-160,height-120,imgsize-48986,resizemode-75/markets/expert-view/great-resignation-was-a-fraud-not-sure-about-a-great-layoff-trend-either-digitisation-super-cycle-just-started-manish-sabharwal.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/markets/expert-view/great-resignation-was-a-fraud-not-sure-about-a-great-layoff-trend-either-digitisation-super-cycle-just-started-manish-sabharwal/articleshow/96336649.cms" data-conttype="0">Great resignation was a fraud; not sure about a great layoff trend either! Digitisation super cycle just started: Manish Sabharwal, Teamlease</a></h3><p>"My sense is that domestic consumption right now and IT are the two engines. So sales, customer service and logistics are where we see the fastest hiring and where the most open positions are. The interesting part is it is not just in 50 cities, we probably have employees in 4,000 cities but our 400 cities are now starting to look like places where demand is. So is this the second tier, third tier are just saving less and consuming more or is there more income? It is still too early to say."</p></div></div><div><div class="eachStory" id="sid95543587"><span href="https://economictimes.indiatimes.com/tech/technology/data-localisation-to-be-scrapped-in-new-bill-amazon-layoffs-to-hit-india-staff/articleshow/95543587.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-95543587,width-160,height-120,imgsize-2047677,resizemode-75/tech/technology/data-localisation-to-be-scrapped-in-new-bill-amazon-layoffs-to-hit-india-staff.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/technology/data-localisation-to-be-scrapped-in-new-bill-amazon-layoffs-to-hit-india-staff/articleshow/95543587.cms" data-conttype="0">Data localisation to be scrapped in new Bill, Amazon layoffs to hit India staff</a></h3><p>The government will propose to allow transfer of data and its storage in “trusted geographies” in the revised draft of the data protection Bill, doing away with the data localisation requirement proposed in the earlier version, people privy to the matter told us.</p></div></div><div><div class="eachStory" id="sid95611498"><span href="https://economictimes.indiatimes.com/tech/newsletters/ettech-unwrapped/how-did-ftx-fleece-the-worlds-shrewdest-investors/articleshow/95611498.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-95611498,width-160,height-120,imgsize-1446658,resizemode-75/tech/newsletters/ettech-unwrapped/how-did-ftx-fleece-the-worlds-shrewdest-investors.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/ettech-unwrapped/how-did-ftx-fleece-the-worlds-shrewdest-investors/articleshow/95611498.cms" data-conttype="0">How did FTX fleece the world’s shrewdest investors?</a></h3><p>In total, FTX raised $1.9 billion from 80 investors in just two years. The now-bankrupt company’s cap table reads like a list of the world’s top venture capital, private equity and hedge funds.</p></div></div><div><div class="eachStory" id="sid95543912"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/data-localisation-to-be-scrapped-in-new-bill-amazon-layoffs-to-hit-india-staff/articleshow/95543912.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-95543912,width-160,height-120,imgsize-2047677,resizemode-75/tech/newsletters/morning-dispatch/data-localisation-to-be-scrapped-in-new-bill-amazon-layoffs-to-hit-india-staff.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/data-localisation-to-be-scrapped-in-new-bill-amazon-layoffs-to-hit-india-staff/articleshow/95543912.cms" data-conttype="0">New Data Bill draft to allow storage in trusted nations, Amazon layoffs likely to hit India staff</a></h3><p>The government will propose to allow transfer of data and its storage in “trusted geographies” in the revised draft of the data protection Bill, doing away with the data localisation requirement proposed in the earlier version, people privy to the matter told us.</p></div></div><div><div class="eachStory" id="sid95413548"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/meta-india-may-not-face-brunt-of-layoffs-it-firms-dig-deep-to-catch-moonlighters/articleshow/95413548.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-95413548,width-160,height-120,imgsize-1337988,resizemode-75/tech/newsletters/morning-dispatch/meta-india-may-not-face-brunt-of-layoffs-it-firms-dig-deep-to-catch-moonlighters.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/meta-india-may-not-face-brunt-of-layoffs-it-firms-dig-deep-to-catch-moonlighters/articleshow/95413548.cms" data-conttype="0">Meta India may not face brunt of layoffs; IT firms dig deep to catch moonlighters</a></h3><p>CEO Mark Zuckerberg took the blame for the company’s first-ever mass sacking, saying he was guilty of over-optimism about its future after growth surged during the pandemic.</p></div></div><div><div class="eachStory" id="sid95445779"><span href="https://economictimes.indiatimes.com/markets/expert-view/tv-mohandas-pais-advice-for-young-techies-work-12-14-hours-keep-learning-and-save/articleshow/95445779.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-95445779,width-160,height-120,imgsize-44858,resizemode-75/markets/expert-view/tv-mohandas-pais-advice-for-young-techies-work-12-14-hours-keep-learning-and-save.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/markets/expert-view/tv-mohandas-pais-advice-for-young-techies-work-12-14-hours-keep-learning-and-save/articleshow/95445779.cms" data-conttype="0">TV Mohandas Pai’s advice for young techies: Work 12-14 hours, keep learning and save</a></h3><p>“In the first 10 years of life you have to work 12-14 hours a day to make an impact. Work life balance is fine but understand, work is life. HR will come and tell you about work-life balance, events, etc, but when they get laid off, what happens to you? You get laid off unless you are productive. If you compete with everybody and do better than everybody, then your job is much more secure.”</p></div></div><div><div class="eachStory" id="sid95437905"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/union-ministers-ktaka-cm-key-guests-at-etsa-event-zomato-nearly-halves-q2-net-loss/articleshow/95437905.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-95437905,width-160,height-120,imgsize-1799767,resizemode-75/tech/newsletters/morning-dispatch/union-ministers-ktaka-cm-key-guests-at-etsa-event-zomato-nearly-halves-q2-net-loss.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/union-ministers-ktaka-cm-key-guests-at-etsa-event-zomato-nearly-halves-q2-net-loss/articleshow/95437905.cms" data-conttype="0">Union ministers, K’taka CM key guests at ETSA event; Zomato nearly halves Q2 net loss</a></h3><p>The star-studded event in Bengaluru, which will also play host to a galaxy of business leaders, entrepreneurs, investors and policy makers, marks the eighth edition of the country’s most coveted awards for entrepreneurial excellence.</p></div></div><div><div class="eachStory" id="sid95367004"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/amazon-to-deliver-third-party-ecomm-orders-etsa-winners-to-receive-awards-on-nov-19/articleshow/95367004.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-95367004,width-160,height-120,imgsize-1580833,resizemode-75/tech/newsletters/morning-dispatch/amazon-to-deliver-third-party-ecomm-orders-etsa-winners-to-receive-awards-on-nov-19.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/amazon-to-deliver-third-party-ecomm-orders-etsa-winners-to-receive-awards-on-nov-19/articleshow/95367004.cms" data-conttype="0">Amazon to deliver third-party ecomm orders; ETSA winners to receive awards on Nov 19</a></h3><p>This will make the US ecommerce major a direct rival to new-age logistics firm Delhivery, Xpressbees, Ecom Express and Flipkart's Ekart, which recently started onboarding external merchants to ship non-Flipkart orders.</p></div></div><div><div class="eachStory" id="sid105170174"><span href="https://economictimes.indiatimes.com/tech/technology/back-in-office-techies-struggle-to-pay-rising-house-rents/articleshow/105170174.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-105170174,width-160,height-120,imgsize-934005,resizemode-75/tech/technology/back-in-office-techies-struggle-to-pay-rising-house-rents.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/technology/back-in-office-techies-struggle-to-pay-rising-house-rents/articleshow/105170174.cms" data-conttype="0">Sky-high home rents trouble IT employees back in office</a></h3><p>Techies are battling the highest increase in house prices and rentals as landlords have started charging inordinate amounts amid the return-to-office demands of managements, as per data accessed by ET.</p></div></div><div><div class="eachStory" id="sid95109314"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/a-unicorn-in-the-making-centre-writes-to-meta-over-whatsapp-outage-and-more/articleshow/95109314.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-95109314,width-160,height-120,imgsize-2123992,resizemode-75/tech/newsletters/morning-dispatch/a-unicorn-in-the-making-centre-writes-to-meta-over-whatsapp-outage-and-more.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/a-unicorn-in-the-making-centre-writes-to-meta-over-whatsapp-outage-and-more/articleshow/95109314.cms" data-conttype="0">A unicorn in the making, Centre writes to Meta over WhatsApp outage, and more</a></h3><p>Private equity giant Apis Partners is expected to lead the round and join in as a new investor. Apis is expected to invest roughly $65 million, with the rest of the corpus coming from internal investors and private equity funds.</p></div></div><div><div class="eachStory" id="sid95046645"><span href="https://economictimes.indiatimes.com/tech/tech-bytes/moonlighting-unacceptable-action-taken-against-few-employees-found-engaging-in-it-happiest-minds/articleshow/95046645.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-95046645,width-160,height-120,imgsize-2225718,resizemode-75/tech/tech-bytes/moonlighting-unacceptable-action-taken-against-few-employees-found-engaging-in-it-happiest-minds.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/tech-bytes/moonlighting-unacceptable-action-taken-against-few-employees-found-engaging-in-it-happiest-minds/articleshow/95046645.cms" data-conttype="0">Moonlighting unacceptable, action taken against few employees found engaging in it: Happiest Minds</a></h3><p>Happiest Minds asserted that moonlighting is not very prevalent within the company, but did not divulge the exact number of employees against whom action had been taken on the issue.</p></div></div><div><div class="eachStory" id="sid94692448"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/ev-firms-face-scrutiny-on-subsidies-huge-gulf-in-it-pay-hikes-since-2010/articleshow/94692448.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-94692448,width-160,height-120,imgsize-1591294,resizemode-75/tech/newsletters/morning-dispatch/ev-firms-face-scrutiny-on-subsidies-huge-gulf-in-it-pay-hikes-since-2010.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/ev-firms-face-scrutiny-on-subsidies-huge-gulf-in-it-pay-hikes-since-2010/articleshow/94692448.cms" data-conttype="0">EV firms face scrutiny on FAME-II subsidies; CXO-fresher salary gap widening in IT</a></h3><p>According to government officials, Hero Electric and Okinawa have been asked to show documents that support their subsidy claims while a few other firms have also come under the scanner.</p></div></div><div><div class="eachStory" id="sid91800638"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/e-commerce-on-the-menu-for-swiggy-some-edtech-startups-stay-bullish-amid-layoffs-and-inventus-rebrands-to-athera/articleshow/91800638.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-91800638,width-160,height-120,imgsize-202364,resizemode-75/tech/newsletters/morning-dispatch/e-commerce-on-the-menu-for-swiggy-some-edtech-startups-stay-bullish-amid-layoffs-and-inventus-rebrands-to-athera.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/e-commerce-on-the-menu-for-swiggy-some-edtech-startups-stay-bullish-amid-layoffs-and-inventus-rebrands-to-athera/articleshow/91800638.cms" data-conttype="0">E-commerce on the menu for Swiggy; some edtech startups stay bullish amid layoffs; Inventus rebrands to Athera</a></h3><p>Swiggy, which earns 75% of its revenue from its food business, has been exploring options to increase its revenue stream from other verticals as it looks to go IPO in the coming few months.</p></div></div><div><div class="eachStory" id="sid91731794"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/flipkart-takes-on-urban-company-drivers-ditch-ola-uber-in-droves/articleshow/91731794.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-91731794,width-160,height-120,imgsize-38582,resizemode-75/tech/newsletters/morning-dispatch/flipkart-takes-on-urban-company-drivers-ditch-ola-uber-in-droves.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/flipkart-takes-on-urban-company-drivers-ditch-ola-uber-in-droves/articleshow/91731794.cms" data-conttype="0">Flipkart takes on Urban Company; drivers ditch Ola, Uber in droves</a></h3><p>But now the company faces fierce, well-funded competition in the form of Flipkart, which plans to roll out similar services in the coming months.</p></div></div><div><div class="eachStory" id="sid93646857"><span href="https://economictimes.indiatimes.com/tech/technology/only-startups-that-see-business-visibility-for-next-3-years-should-take-ipo-route-kris-gopalakrishnan/articleshow/93646857.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-93646857,width-160,height-120,imgsize-917694,resizemode-75/tech/technology/only-startups-that-see-business-visibility-for-next-3-years-should-take-ipo-route-kris-gopalakrishnan.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/technology/only-startups-that-see-business-visibility-for-next-3-years-should-take-ipo-route-kris-gopalakrishnan/articleshow/93646857.cms" data-conttype="0">Only startups that see business visibility for next 3 years should take IPO route: Kris Gopalakrishnan</a></h3><p>The company should think about an IPO only in cases where the risks are mitigated to a great extent. Only if you have complete business visibility for three years – from a revenue and profitability perspective – should you venture into the IPO stage to invite retail investors. The best companies are public companies (that allow) everybody to participate in the wealth generation journey.</p></div></div><div><div class="eachStory" id="sid93461768"><span href="https://economictimes.indiatimes.com/tech/information-tech/cognizant-board-bound-to-notice-underperformance-execution-challenges-wedbush/articleshow/93461768.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-93461768,width-160,height-120,imgsize-33654,resizemode-75/tech/information-tech/cognizant-board-bound-to-notice-underperformance-execution-challenges-wedbush.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/information-tech/cognizant-board-bound-to-notice-underperformance-execution-challenges-wedbush/articleshow/93461768.cms" data-conttype="0">Cognizant board bound to notice underperformance, execution challenges: Wedbush</a></h3><p>Report speculative, Board fully supports strategic direction, management team: Cognizant</p></div></div><div><div class="eachStory" id="sid108869721"><span href="https://economictimes.indiatimes.com/tech/information-tech/tcs-starts-fresher-hiring-for-2024-batch/articleshow/108869721.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-108869721,width-160,height-120,imgsize-47294,resizemode-75/tech/information-tech/tcs-starts-fresher-hiring-for-2024-batch.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/information-tech/tcs-starts-fresher-hiring-for-2024-batch/articleshow/108869721.cms" data-conttype="0">TCS starts fresher hiring for 2024 batch</a></h3><p>TCS announced their annual National Qualifier Test (NQT) for final year students graduating in 2024. This online test is the first step in their recruitment process for engineers and computer science graduates interested in Ninja and Digital roles. The NQT assesses candidates' aptitude and coding skills.</p></div></div><div><div class="eachStory" id="sid98943110"><span href="https://economictimes.indiatimes.com/tech/technology/accenture-to-cut-19000-jobs-trims-forecasts/articleshow/98943110.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-98943110,width-160,height-120,imgsize-36362,resizemode-75/tech/technology/accenture-to-cut-19000-jobs-trims-forecasts.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/technology/accenture-to-cut-19000-jobs-trims-forecasts/articleshow/98943110.cms" data-conttype="0">Accenture to lay off 19,000 people, 40% of its 7.38 lakh employees are in India</a></h3><p>The software services behemoth said currency headwinds and wage inflation had a direct impact on its decision to lay off employees.</p></div></div><div><div class="eachStory" id="sid91902684"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/cci-studies-ecommerce-nexus-it-workers-trickle-back-to-office/articleshow/91902684.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-91902684,width-160,height-120,imgsize-1420788,resizemode-75/tech/newsletters/morning-dispatch/cci-studies-ecommerce-nexus-it-workers-trickle-back-to-office.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/cci-studies-ecommerce-nexus-it-workers-trickle-back-to-office/articleshow/91902684.cms" data-conttype="0">CCI studies 'ecommerce nexus’; IT workers trickle back to office</a></h3><p>Competition Commission of India is studying documents found during the raids that suggest financial dealings between the ecommerce majors and their preferred sellers.</p></div></div><div><div class="eachStory" id="sid91668038"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/now-cars24-sacks-600-employees-small-online-sellers-face-cci-heat/articleshow/91668038.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-91668038,width-160,height-120,imgsize-1473146,resizemode-75/tech/newsletters/tech-top-5/now-cars24-sacks-600-employees-small-online-sellers-face-cci-heat.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/now-cars24-sacks-600-employees-small-online-sellers-face-cci-heat/articleshow/91668038.cms" data-conttype="0">Now, Cars24 sacks 600 employees; small online sellers face CCI heat</a></h3><p>The company, which is backed by SoftBank and Alpha Wave Global, joins a growing list of startups that have fired employees to conserve cash amid a slowdown in funding.</p></div></div><div><div class="eachStory" id="sid107950222"><span href="https://economictimes.indiatimes.com/news/new-updates/indians-are-extremely-demanding-but-are-not-willing-to-pay-for-anything-uber-ceo-dara-khosrowshahi/articleshow/107950222.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-107950222,width-160,height-120,imgsize-1212409,resizemode-75/news/new-updates/indians-are-extremely-demanding-but-are-not-willing-to-pay-for-anything-uber-ceo-dara-khosrowshahi.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/news/new-updates/indians-are-extremely-demanding-but-are-not-willing-to-pay-for-anything-uber-ceo-dara-khosrowshahi/articleshow/107950222.cms" data-conttype="0">Indians are extremely demanding, but are not willing to pay for anything: Uber CEO Dara Khosrowshahi</a></h3><p>During a conversation with Nandan Nilekani, Uber CEO Dara Khosrowshahi highlighted the Indian market's demands and reluctance to pay. He plans to introduce low-cost service segments and bus services to cater to a wider population. Uber made $3 billion in profits and signed an MoU with ONDC to expand its mobility offerings.</p></div></div><div><div class="eachStory" id="sid91754373"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/startup-dreamers-return-to-it-firms-after-layoffs-zomato-reports-rs-360-crore-net-loss-in-q4/articleshow/91754373.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-91754373,width-160,height-120,imgsize-1937624,resizemode-75/tech/newsletters/morning-dispatch/startup-dreamers-return-to-it-firms-after-layoffs-zomato-reports-rs-360-crore-net-loss-in-q4.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/startup-dreamers-return-to-it-firms-after-layoffs-zomato-reports-rs-360-crore-net-loss-in-q4/articleshow/91754373.cms" data-conttype="0">Startup dreamers return to IT firms after layoffs; Zomato reports Rs 360 crore net loss in Q4</a></h3><p>IT firms have been battling record attrition of late, so startups’ loss is their gain.</p></div></div><div><div class="eachStory" id="sid106743503"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/cobranded-credit-card-rush-ban-threat-on-offshore-crypto-apps/articleshow/106743503.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-106743503,width-160,height-120,imgsize-2522400,resizemode-75/tech/newsletters/morning-dispatch/cobranded-credit-card-rush-ban-threat-on-offshore-crypto-apps.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/cobranded-credit-card-rush-ban-threat-on-offshore-crypto-apps/articleshow/106743503.cms" data-conttype="0">Cobranded credit card rush; threat of complete ban on offshore crypto apps</a></h3><p>Happy Friday! Banks are pushing the pedal on their cobranded credit card strategy as they gain traction through large consumer facing internet companies. This and more in today’s ETtech Morning Dispatch</p></div></div><div><div class="eachStory" id="sid106738631"><span href="https://economictimes.indiatimes.com/opinion/et-commentary/view-what-lies-ahead-for-ites-sector-how-goi-can-play-its-part/articleshow/106738631.cms" data-conttype="100"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-106738631,width-160,height-120,imgsize-34906,resizemode-75/opinion/et-commentary/view-what-lies-ahead-for-ites-sector-how-goi-can-play-its-part.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/opinion/et-commentary/view-what-lies-ahead-for-ites-sector-how-goi-can-play-its-part/articleshow/106738631.cms" data-conttype="100">View: What lies ahead for ITeS sector & how GoI can play its part</a></h3><p>While the ITeS sector will continue to grow near double-digit levels, headcount will shrink in 2024 by at least 5 percentage points. If the sector does not shed people, it would indicate seeping complacency, a lack of understanding of the impact of new technologies, and an incipient loss of competitiveness. It needs to reduce headcount, and stay competitive and relevant in the face of automation and AI.</p></div></div><div><div class="eachStory" id="sid106422589"><span href="https://economictimes.indiatimes.com/tech/technology/india-job-scene-sees-early-signs-of-disruption-from-ai/articleshow/106422589.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-106422589,width-160,height-120,imgsize-1759279,resizemode-75/tech/technology/india-job-scene-sees-early-signs-of-disruption-from-ai.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/technology/india-job-scene-sees-early-signs-of-disruption-from-ai/articleshow/106422589.cms" data-conttype="0">India job scene sees early signs of disruption from AI</a></h3><p>Millions of working employees will need reskilling and upskilling, which in turn could create new job opportunities as well, say experts</p></div></div><div><div class="eachStory" id="sid101999303"><span href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/infosys-slashes-guidance-as-profit-spikes-star-power-for-startups/articleshow/101999303.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-101999303,width-160,height-120,imgsize-37008,resizemode-75/tech/newsletters/morning-dispatch/infosys-slashes-guidance-as-profit-spikes-star-power-for-startups.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/morning-dispatch/infosys-slashes-guidance-as-profit-spikes-star-power-for-startups/articleshow/101999303.cms" data-conttype="0">Infosys slashes guidance as profit spikes; star power for startups</a></h3><p>Every silver lining has a cloud. Infosys announced its first quarter results on Thursday, reporting an 11% rise in profit on-year. However, the company cut its revenue guidance, highlighting the macro challenges for the IT sector. This and more in today’s ETtech Morning Dispatch.</p></div></div><div><div class="eachStory" id="sid102861159"><span href="https://economictimes.indiatimes.com/markets/expert-view/what-should-you-buy-if-the-market-falls-further-anand-tandon-answers/articleshow/102861159.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-102861159,width-160,height-120,imgsize-28692,resizemode-75/markets/expert-view/what-should-you-buy-if-the-market-falls-further-anand-tandon-answers.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/markets/expert-view/what-should-you-buy-if-the-market-falls-further-anand-tandon-answers/articleshow/102861159.cms" data-conttype="0">What should you buy if the market falls further? Anand Tandon answers</a></h3><p>"It is only a question of the level at which you would be interested to look at ITit. The industry itself will have to adapt to new things like, the large language models and how that is going to change programming. Those uncertainties will get sorted out and we will find these companies back in demand. On a longer term basis, at a reasonable price, some discount from where we are and buying should re-emerge."</p></div></div><div><div class="eachStory" id="sid102729062"><span href="https://economictimes.indiatimes.com/tech/technology/ex-infy-executive-richard-lobo-joins-byjus-as-hr-advisor/articleshow/102729062.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-102729062,width-160,height-120,imgsize-167216,resizemode-75/tech/technology/ex-infy-executive-richard-lobo-joins-byjus-as-hr-advisor.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/technology/ex-infy-executive-richard-lobo-joins-byjus-as-hr-advisor/articleshow/102729062.cms" data-conttype="0">Ex-Infy executive Richard Lobo joins Byju’s as HR advisor</a></h3><p>The move – following Lobo’s 23-year career at information technology services integrator Infosys, where he last served as executive vice president and head of human resources – comes at a time when the Bengaluru-based edtech steers itself through massive layoff exercises and corporate governance crises.</p></div></div><div><div class="eachStory" id="sid102664375"><span href="https://economictimes.indiatimes.com/tech/newsletters/ettech-unwrapped/data-protection-act-a-mind-what-you-ask-for-moment-for-startups-with-riders-attached/articleshow/102664375.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-102664375,width-160,height-120,imgsize-524040,resizemode-75/tech/newsletters/ettech-unwrapped/data-protection-act-a-mind-what-you-ask-for-moment-for-startups-with-riders-attached.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/ettech-unwrapped/data-protection-act-a-mind-what-you-ask-for-moment-for-startups-with-riders-attached/articleshow/102664375.cms" data-conttype="0">Data Protection Act: A ‘mind-what-you ask-for’ moment for startups & other top tech stories</a></h3><p>Perhaps what could turn out to be one of the most crucial acts for Digital India was undertaken by the Indian Parliament through the passage of the Digital Personal Data Protection Bill, 2023 earlier this week. While the law will impact every entity in this country that deals in the personal data of Indian citizens, tech companies and consumer facing startups are perhaps going to be impacted the most.</p></div></div><div><div class="eachStory" id="sid104848447"><span href="https://economictimes.indiatimes.com/markets/stocks/news/nifty-it-index-stocks-is-the-sector-new-bellwether-for-consumption-and-economy/articleshow/104848447.cms" data-conttype="100"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-104848447,width-160,height-120,imgsize-35756,resizemode-75/markets/stocks/news/nifty-it-index-stocks-is-the-sector-new-bellwether-for-consumption-and-economy.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/markets/stocks/news/nifty-it-index-stocks-is-the-sector-new-bellwether-for-consumption-and-economy/articleshow/104848447.cms" data-conttype="100">Nifty IT index stocks: Is the sector new bellwether for consumption and economy?</a></h3><p>Most of the investors look at IT stock on a standalone basis as companies for bottomline line. Now let's look at it from the perspective, an economy where the biggest export is software services, shouldn't one be watchful when that sector says growth will moderate and there are layoffs in the sector. So if there is a slowdown in the IT sector there is a high probability that other sectors of the economy may also face pressure, specifically the ones where there is a high element of discretionary consumption. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.</p></div></div><div><div class="eachStory" id="sid97033593"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/sharechat-sacks-over-500-employees-paytm-payments-bank-gets-rbi-to-be-bharat-bill-payment-operating-unit/articleshow/97033593.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-97033593,width-160,height-120,imgsize-800967,resizemode-75/tech/newsletters/tech-top-5/sharechat-sacks-over-500-employees-paytm-payments-bank-gets-rbi-to-be-bharat-bill-payment-operating-unit.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/sharechat-sacks-over-500-employees-paytm-payments-bank-gets-rbi-to-be-bharat-bill-payment-operating-unit/articleshow/97033593.cms" data-conttype="0">ShareChat sacks over 500 employees; Paytm Payments Bank gets RBI nod to be Bharat Bill Payment Operating Unit</a></h3><p>On Monday morning we reported that ShareChat was set to join the growing list of Indian startups that have laid off employees amid a brutal funding winter. Later in the day, CEO Ankush Sachdeva told employees in an email that the company was laying off over 500 people or about a fifth of its workforce.</p></div></div><div><div class="eachStory" id="sid104669552"><span href="https://economictimes.indiatimes.com/markets/stocks/news/can-it-stocks-stand-up-to-the-bears-and-save-nifty/articleshow/104669552.cms" data-conttype="100"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-104669552,width-160,height-120,imgsize-42774,resizemode-75/markets/stocks/news/can-it-stocks-stand-up-to-the-bears-and-save-nifty.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/markets/stocks/news/can-it-stocks-stand-up-to-the-bears-and-save-nifty/articleshow/104669552.cms" data-conttype="100">Can IT stocks stand up to the bears and save Nifty?</a></h3><p>Despite the fact in the last one year, only negative things have been said about IT companies, look at their stocks performance. Except one large IT stock which had been a perennial under performer, most of the other IT stocks are not very far from the highs they had touched almost two years back. Infact relative performance of some IT is far better than many of the stocks and sectors which have been headlines. While it might be contrarian buy, there is high probability that IT stocks perform better than most in bearish market conditions. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.</p></div></div><div><div class="eachStory" id="sid104471677"><span href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/stricter-rules-in-the-works-to-deter-betting-apps-indian-cricket-jerseys-hit-it-out-of-the-park/articleshow/104471677.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-104471677,width-160,height-120,imgsize-29010,resizemode-75/tech/newsletters/tech-top-5/stricter-rules-in-the-works-to-deter-betting-apps-indian-cricket-jerseys-hit-it-out-of-the-park.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/newsletters/tech-top-5/stricter-rules-in-the-works-to-deter-betting-apps-indian-cricket-jerseys-hit-it-out-of-the-park/articleshow/104471677.cms" data-conttype="0">Govt plans stricter rules to deter betting apps; Indian cricket jerseys fly off ecommerce shelves</a></h3><p>To curtail the spread of illegal online gambling and betting via offshore platforms in the country, the Centre is planning to tighten the rules, especially on UPI payments. This and more in today’s ETtech Top 5.</p></div></div><div><div class="eachStory" id="sid104350863"><span href="https://economictimes.indiatimes.com/tech/technology/with-250-300-million-aakash-may-get-more-pai-on-plate/articleshow/104350863.cms" data-conttype="0"><span class="imgContainer"><img width="160" height="120" loading="lazy" src="https://economictimes.indiatimes.com/thumb/msid-104350863,width-160,height-120,imgsize-731986,resizemode-75/tech/technology/with-250-300-million-aakash-may-get-more-pai-on-plate.jpg" alt=""></span></span><h3><a href="https://economictimes.indiatimes.com/tech/technology/with-250-300-million-aakash-may-get-more-pai-on-plate/articleshow/104350863.cms" data-conttype="0">Manipal group's Ranjan Pai likely to invest $250-300 million in Byju's subsidiary Aakash Institute</a></h3><p>The initial $170 million tranche will pay off Davidson Kempner debt; the Manipal chairman may rope in more PEs.</p></div></div><div class="clr"></div><div class="lazyLoadStory"><div class="jsLazyLoadSec"><div class="clr mt20"><span class="loadMore jsStoryLoadMore" data-pageno="1" data-query="infosys layoffs infosys layoffs"> Load More </span></div></div></div><div class="clrwh"></div></section><aside id="sideBar" class="flr"><div class="clrfloat"><div class="clearfix rmfp" style="min-height: 270px;"><div class="adsbg300" id="div-gpt-ad-1396530777571-0" data-adsSlot="ET_Personal_Finance/ET_Personal_Finance_Home/ET_ROS_ATF_PFN_300" data-size="[[300, 250], [300, 600]]" data-oop="0" data-loc="All"></div></div></div><div class="clearfix rmfp" style="min-height: 270px;"><div class="adsbg300" id="div-gpt-ad-1632384373723-0" data-adsSlot="ET_Personal_Finance/ET_Personal_Finance_Home/ET_ROS_MTF_PFN_300" data-size="[[300, 250]]" data-oop="0" data-loc="All"></div></div><div class="clr"></div><section id="shareHorz"><div class="socialLinks"><a aria-label="facebook" class="fb lSprit shareSprite" href="javascript://" rel="nofollow" data-dimension="1" data-ga-onshare="Facebook#Share#https://economictimes.indiatimes.com/news/infosys-layoffs#/news/infosys-layoffs" data-src="https://ecoti.in/CEdYPb55" data-share-url="https://ecoti.in/CEdYPb55" data-share-title="" title="facebook"></a><a class="twt lSprit shareSprite" href="javascript://" rel="nofollow" data-dimension="1" data-ga-onshare="Twitter#Tweet#https://economictimes.indiatimes.com/news/infosys-layoffs#/news/infosys-layoffs" data-src="https://ecoti.in/ZvzZnZ38" data-share-url="https://ecoti.in/ZvzZnZ38" data-share-title="" aria-label="twitter" title="twitter"></a><a aria-label="linkedin" class="in lSprit shareSprite" href="javascript://" rel="nofollow" data-dimension="1" data-ga-onshare="LinkedIn#Share#https://economictimes.indiatimes.com/news/infosys-layoffs#/news/infosys-layoffs" data-src="https://ecoti.in/RWxbUb87" data-share-url="https://ecoti.in/RWxbUb87" data-share-title="" title="linkedin"></a><a class="wa lSprit shareSprite" href="javascript://" rel="nofollow" data-dimension="1" data-ga-onshare="Whatsapp#Share#https://economictimes.indiatimes.com/news/infosys-layoffs#/news/infosys-layoffs" data-src="https://ecoti.in/Doqf6a" data-share-url="https://ecoti.in/Doqf6a" data-watext="Hey, This might interest you! %0A%0A" data-share-title="" aria-label="whatsapp" title="whatsapp"></a></div></section><div class="clr"></div><div class="video_campaign"><section class="secWidget clearfix sliderWidget_new" id="videoWidget_new" data-ga-action="Top Videos" data-ga-impression="HP Impression#Top Videos#url"><h2 class="heading clearfix">Videos</h2><style> .rhsRelV{margin-top:10px;} .rhsRelV .vplayer {width: 320px;height:250px;float: left;} .rhsRelV .vtitle{list-style: none;border-bottom: 1px solid #eceaea;padding: 8px 0;float: left;margin-bottom: 5px;width: 100%;font-size: 16px;font-weight:700;font-family: 'Faustina', sans-serif;box-sizing: border-box;} .rhsRelV .com-video-iconS{margin-left: 12px;float:none;} .rhsRelV .com-video-iconS {margin-left: 12px;float: none;} .Msprite.com-video-iconS {width: 30px;height: 18px;top: 5px;} .rhsRelV .newsList > li {list-style: none;border-bottom: 1px solid #eceaea;padding: 8px 0;float: left;width: 100%;box-sizing: border-box;} .rhsRelV ul.newsList > li > a { font-size: 14px; position: relative; font-weight: 500; font-family: 'Faustina', sans-serif; cursor: pointer; } </style><div class="topVideo"><span data-ga-onclick="1 - 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