Surprise! No.
“Cognizant to cut over 4,000 jobs as ‘Project Leap’ drives AI focus
by VARINDIA 2026-05-02”
Https://www.varindia.com/news/Cognizant-to-cut-over-4,000-jobs-as-%E2%80%98Project-Leap%E2%80%99-drives-AI-focus
Posts mentioning hashtag #itconsulting
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More special sauce daddy!
RamNot won’t shut up about his special sauce. Newsflash, it’s ketchup in a champagne bottle. Revenue’s tanking, cash flow’s drying up, and those “bookings” are yesterday’s scraps served with a smile. If this is his magic formula, someone needs to tell the chef and his CFO they are cooking bankruptcy.
DXC making cash there's money for pay rises
"Cash generation stood out: cash from operations improved to $409 million and free cash flow rose to $240 million, enabling a $75 million buyback."
Whilst revenues keep shrinking they made $240 last quarter, and forecast $640million for the year. Plenty of money for raises if they want to give them.
Unions enter...
IT unions are urging state and central governments to act after Tata Consultancy Services reported a Q2 FY26 net headcount reduction of 19,755 employees, with total staff falling to 5,93,314 from 6,13,069 in Q1 FY26. The unions say weak oversight has enabled companies to sidestep labor protections and call for immediate regulation to safeguard workers.
They also claim TCS effectively let go 38,255 employees in the quarter once new hires are netted out, disputing the company’s statement that only about 6,000 departures were involuntary. The unions argue such retrenchment violates the Industrial Disputes Act and demand government intervention.
https://www.newindianexpress.com/amp/story/business/2025/Oct/12/tcs-layoffs-it-unions-urge-govt-to-take-measures