#IGM:
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HCL Tech
Gifhorner IG Metall-Liste holt absolute Mehrheit bei unternehmensweiter Betriebsratswahl
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"Ein Teil der vor der Wahl amtierenden Betriebsräte an den süddeutschen Standorten zweifelt die Rechtmäßigkeit des Strukturtarifvertrags .. an und hat geklagt. Die IG Metall sieht diesen Schritt als unnötiges und kontraproduktives Nachtreten .."
29.5.2026
#Betriebsrat #Betriebsratswahl #Gewerkschaft #HCL #HCLTech #IT #Matrixstruktur #Strukturtarifvertrag
Times of India | Big reset: Top 5 Indian IT cos shed nearly 7K jobs in FY26, reversing FY25 gains
AI generated summary, Read the full article for complete information.
India’s five largest IT services firms—TCS, Infosys, Wipro, HCLTech and Tech Mahindra—collectively cut 6,981 jobs in FY 2026, reversing the net gain of 12,718 hires recorded in FY 2025. The pullback, driven by demand uncertainty, delayed decision‑making and AI‑enabled efficiency gains, marks a shift from the traditional headcount‑focused growth model to one that emphasizes outcomes and AI‑augmented productivity. While TCS led the reductions with 23,460 cuts, Tech Mahindra shed 1,108 jobs; the remaining firms trimmed staff more modestly, focusing hiring on AI‑native, problem‑solving talent in data, cloud, cybersecurity and other frontier technologies. Industry data shows overall IT employment in India plateaued at about 5.9 million, with growth now concentrated in specialized, domain‑focused roles and driven by expanding global capability centres. Analysts predict a move toward a “digital labour” model, targeting 20 % AI‑driven workforces within two years and higher revenue per employee, even as overall workforce numbers recede.
Times of India | Infosys Q4 FY26 results: Net profit up 21% to Rs 8,501 crore; check details
AI generated summary, Read the full article for complete information.
Infosys reported a 20.8 % rise in consolidated net profit to ₹8,501 crore for the Jan‑Mar quarter, with revenue up 13.4 % YoY to ₹46,402 crore; for FY 2025‑26 the company posted a 10.2 % profit increase to ₹29,440 crore and a 9.6 % revenue rise to ₹1,78,650 crore. Management guided FY 27 revenue growth of 1.5‑3.5 % in constant‑currency terms, citing strong performance in financial services, utilities, AI offerings and Europe, while noting a temporary slowdown due to Iran‑related geopolitical tensions that are now stabilising. The workforce stood at 3,28,594, a sequential drop of 8,440 but a YoY increase of 5,016, with over 20,000 fresh graduates hired in FY 26 and a similar hiring target for FY 27. Shares slipped about 2 % on the BSE, and U.S. ADRs fell roughly 5 % in pre‑market trading, as peers also flagged a volatile macro environment.
#Infosys #HCLTech #JayeshSanghrajka #BSE #AmericanDepositary
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Times of India | HCLTech shares drop 11% as weak outlook offsets AI gains
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Shares of HCLTech fell nearly 11% on the BSE after the company gave a softer‑than‑expected outlook following a muted March quarter, where constant‑currency revenue slipped 3.3% sequentially (down 2.9% in dollars) but rose 2.4% year‑on‑year to $3.6 billion. CEO C Vijayakumar said the firm has offset most of the 2–3% AI‑driven deflation in its traditional services business through new offerings, and targeting FY27 services revenue growth of 1.5‑4.5% (mid‑point about 3%). FY26 saw overall growth of 4.8% (3.8% organic) and a $14.6 billion revenue figure, with tariff volatility and weak discretionary spend noted as headwinds. HCLTech is expanding its “advanced AI” services, now at a $620 million annualised run‑rate, and continues to focus on cloud, cybersecurity and data modernisation, while recent layoffs in Orlando were described as a routine client‑specific adjustment. The current guidance does not yet factor in a pending acquisition of a telecom unit from Hewlett Packard Enterprise, pending regulatory approval, and the company stresses that IT‑services firms remain crucial for enterprise AI adoption despite competition from AI‑native firms.
#HCLTech #C.Vijayakumar #AI #ITServices #FinancialServices
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India Business News: HCLTech shares dropped nearly 11% on BSE following a weaker-than-expected outlook after their March quarter performance, with CEO addressing AI-driven deflation and investment in advanced AI services.
Times of India | HCLTech shares drop 11% as weak outlook overshadows AI gains
AI generated summary, Read the full article for complete information.
HCLTech’s shares fell nearly 11% on the BSE after the company issued a softer‑than‑expected outlook following a muted March‑quarter performance. CEO C Vijayakumar said the firm has largely offset AI‑driven deflation in its traditional services business by introducing new‑age offerings, projecting FY27 services revenue growth of 1.5‑4.5% (mid‑point around 3%). The March quarter saw a 3.3% sequential decline in constant‑currency revenue, though it rose 2.4% year‑on‑year to $3.6 billion, and FY26 revenues grew 3.9% in constant terms to $14.6 billion. HCLTech is investing heavily in “advanced AI” services, now at a $620 million annualised run‑rate, alongside cloud, cybersecurity and data modernisation, while acknowledging that legacy business remains exposed to AI‑driven pricing pressure. The CEO highlighted continued strength in financial services and technology verticals, downplayed recent layoffs as client‑specific adjustments, and noted that the current guidance does not factor in a pending $160 million acquisition of HPE’s Telco Solutions business. Overall, the company is pursuing a targeted restructuring and AI‑centric growth strategy to navigate slowing client spending and sector‑wide disruption.
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Times of India | HCLTech Q4: Revenue dips 3.3% QoQ, flags AI deflation
AI generated summary, Read the full article for complete information.
HCLTech’s Q4 earnings showed a mixed picture, with March‑quarter revenue falling 3.3% sequentially (down 2.9% in dollar terms) but rising 2.4% year‑on‑year to $3.6 billion; for FY26 the company reported a 3.9% constant‑currency revenue increase, reaching $14.6 billion (up 6% in dollars). CEO C. Vijayakumar attributed the quarter’s softness to client‑specific headwinds, delayed procurement and volatile markets, while noting persistent tariff‑related volatility and weakened discretionary spending. The firm highlighted a structural shift it calls “AI‑led deflation,” estimating a 2–3% annual revenue impact as automation shrinks traditional deal sizes. To counter this, HCLTech is scaling its “advanced AI” portfolio, now generating an annualised run‑rate of $620 million, and expects AI‑native services to grow 25–30% in the near term.
#HCLTech #C.Vijayakumar #AI #AI-leddeflation #revenue
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HCLTech Adds Finance Veteran Kimsuka Narsimhan to Board
HCLTech appoints Kimsuka Narsimhan as independent director. Her finance and governance experience will guide AI-led growth and global market changes for the company.
#HCLTech, #KimsukaNarsimhan, #BoardAppointment, #TechNews, #FinanceExpert
https://newsletter.tf/hcltech-adds-finance-expert-kimsuka-narsimhan-board/
HCLTech has added Kimsuka Narsimhan, a finance veteran with over 35 years of experience, to its board of directors in April 2026. This appointment brings valuable financial and governance expertise to the technology company.
#HCLTech, #KimsukaNarsimhan, #BoardAppointment, #TechNews, #FinanceExpert
https://newsletter.tf/hcltech-adds-finance-expert-kimsuka-narsimhan-board/
HCLTech and Suchi Semicon have joined forces to offer a full design-to-backend semiconductor solution. HCLTech will bring its design expertise and global customer access, while Suchi provides OSAT manufacturing in Gujarat. Unlike HCLTech’s Foxconn venture, this partnership involves no equity participation or a shared manufacturing entity, keeping both companies independent.
Amid widespread concerns on jobs and the relevance of the nearly $300 billion India IT services sector, a key industry leader on Tuesday said the current transition will be "painful" because it involves humans.
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