#brazil

TCS Invests $37M in Brazil, CEO Reassures on AI Impact

TCS CEO K Krithivasan dismissed fears of AI-led mass layoffs. The firm will invest $37 million in a new Brazil tech campus. This facility in Londrina will create over 1,600 jobs by 2027. Krithivasan stated AI boosts productivity and generates new client contracts. TCS reported quarter-on-quarter revenue growth and increased AI services revenue.

https://www.peoplematters.in/news/strategic-hr/tcs-says-ai-wont-trigger-mass-layoffs-as-it-invests-dollar37m-in-brazil-tech-campus-48180

Looks like IBM Research site in Brazil is closing, although still listed on the official IBM site, for now: https://research.ibm.com/labs/brazil

https://www.reddit.com/r/IBM/comments/1p0o6wi/ibm_research_brazil_shut_down/

Was RAd today. F&O - CIO Brazil. I know many others that were also RAd today in CIO

Workers for Toyota in Brazil voted overwhelmingly on Sunday to approve a plan for temporary layoffs following storm damage to one of the Japanese carmaker's factories in the state of Sao Paulo, according to a statement from the workers union.

https://www.reuters.com/business/world-at-work/toyota-workers-brazil-approve-temporary-layoff-plan-union-says-2025-09-28/

Last month, I reported on a wave of IBM layoffs hitting U.S. facilities. Cuts were happening all across the country, and one source told me he’d been informed that one-third of the U.S. workforce would be affected. IBM quickly denied that number, and other reports put the numbers of those severed in the 20 to 25 percent range—something like 18,000 to 25,000 in the United States.

(We’ll never be able to know the exact percentage, simply because IBM no longer releases a U.S. headcount; worldwide, as of the end of 2015, the company had approximately 378,000 employees.)

At the time, U.S. employees suspected that what the company called “workforce rebalancing,” in order to “aggressively” focus on cognitive and cloud computing, had less to do with focusing on cloud and cognitive and more to do with moving jobs to countries like India, Brazil, and Costa Rica

http://spectrum.ieee.org/view-from-the-valley/at-work/tech-careers/ibm-layoff-epidemic-spreads-worldwide

While they are traded on NYSE there are no GPA stores in the USA... They are huge in Brazil and GPA has been growing at a double digit pace for a while now, we'll see how will things pan out as the Brazilian recession is about to deepen, but overall the company has been good to it's workers and it has been growing quite rapidly. Good luck GPA #Brazil