Nvidia supplier SK Hynix to boost spending on AI chips, after record Q2
SK Hynix reported a record quarterly profit driven by strong AI chip demand and customer stockpiling amid potential U.S. tariffs. The company plans to increase capital expenditure, primarily for HBM production, to meet growing demand and maintain its competitive edge against Samsung. Despite challenges from potential tariff and competition, SK Hynix expresses confidence in its market position.
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Samsung DeX revamped with Android 16 desktop mode in One UI 8 for a true PC like experience
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Boxing, Backflipping Robots Rule at China's Biggest AI Summit
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TCS is slashing 12,000 jobs in India's biggest IT layoff; will others follow?
Academy Empower your mind, elevate your skills ETtech On Sunday, Tata Consultancy Services (TCS), India's biggest IT services company, announced the largest-ever layoffs in the country's IT sector. The company plans to cut around 2% of its global workforce, or approximately 12,000 of those affected will be in middle to senior move comes amid growing macroeconomic uncertainty and increasing AI-led disruptions impacting technology remains to be seen if other companies follow the leader. So far this fiscal year, no other Indian IT company has announced layoffs on this scale. While Infosys did let go of some trainees who failed to clear assessment tests, their number was in the top IT companies saw a significant drop in net workforce additions in the first quarter of FY26 (Q1 FY26), indicating a cautious approach to hiring across the sector. While a few companies showed marginal improvement, the overall trend points toward reduced recruitment said that it will provide appropriate benefits, outplacement, counselling, and other support to affected employees will receive payments for their notice periods, along with a severance package. In addition, TCS will also look to extend insurance benefits and offer outplacement opportunities for those of the end of June, TCS employed 613,069 people decision to reduce headcount comes as the company faces pushback over the delayed onboarding of around 600 experienced lateral hires. Many of these professionals had already resigned from previous jobs and made personal and financial plans based on their expected joining also recently made changes to its bench policy, which now allows only 35 non-project days annually and requires employees to maintain at least 225 billable days per year.
