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Some multinational tech offices in India cut jobs amid an AI workforce rethink

Nikkei Asia reports Visa, Technicolour, PayPal and Fidelity each cut hundreds of positions at their Indian tech offices.

Nikkei AsiaNA
1 Source, 38m ago, first seen 38m ago

TLDR

Nikkei Asia says the number of multinational tech offices in India, known as global capability centers, looks set to keep growing, but some existing offices have cut jobs. Its report names Visa, Technicolour, PayPal and Fidelity as each cutting hundreds of positions. Industry executives say AI is making companies rethink their large workforces.

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1 Source, first seen 38m ago

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1 Source, first seen 38m ago

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1 Source

Nikkei Asia@NikkeiAsiaAI casts shadow over India's multinational tech job machine Evolving role of global capability centers, or GCCs, is affecting headcount at a key employer Although the number of GCCs looks set to keep increasing, some existing offices have cut jobs. https://s.nikkei.com/4zsm8aA38m
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    1 Source

    Nikkei Asia@NikkeiAsiaAI casts shadow over India's multinational tech job machine Evolving role of global capability centers, or GCCs, is affecting headcount at a key employer Although the number of GCCs looks set to keep increasing, some existing offices have cut jobs. https://s.nikkei.com/4zsm8aA38m
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