IT majors cut 42,000 jobs in two years amid automation push

IT majors cut 42,000 jobs in two years amid automation push. TCS, Infosys, Wipro, and HCL Tech have collectively reduced headcount by over 42,000 employees over the past two years as part of cost optimization and automation strategies. This reflects industry-wide shift toward AI and automation, impacting labor costs. Traders should monitor Q3 margins and guidance updates from these companies.

📊 STOCKS: $TCS | $INFOSYS | $WIPRO | $HCLTECH | 🏢 SECTOR: IT | #MEDIUMIMPACT #automation