Big News - TCS & Infosys faced tough questions | AGM Highlights | IT News | IT Layoffs 2024 | IT Job

Check out the continuous learning platform that Murtaza Bootwala (A dear friend & my classmate from INSEAD) & I have launched recently.
You will get to know nuances about 4 job categories in a structured way: Product Management, Strategy / Consulting, Corporate & Business Development, Marketing & Sales - which will help you make a more informed choice about your career, and also help you prepare for the interviews better .

*********

***********

Follow me here

*****

In this video, I shared some perspectives about the TCS Infosys news. This is regarding the TCS AGM and Infosys AGM which has happened just a few days ago. For anyone interested in tech jobs and IT jobs, or for any tech employees and IT employees, these developments are of great importance. TCS news, Infosys news, and Wipro news which I share under the IT Industry news update on this channel is aimed at helping IT Employees combat IT Layoffs 2024 and face the harsh reality of IT Jobs better. The future of IT Industry in India depends on these regular IT Industry news updates which change the reality of IT Jobs every day.

Everybody knows about the harsh reality of IT Jobs. This reality of IT Industry can get better or worse depending on the impact of AI on IT Jobs. In this video, I shared the IT Industry update by taking into account the TCS News and Infosys news which was recently put out by the TCS and Infosys team. TCS Share news and Infosys share news is as much if not more important for the TCS Employees, Infosys employees and IT employees in general as it is important for the TCS Investors and Infosys investors. You must’ve heard about the TCS Results today or Infosys results today, however, the TCS AGM and Infosys AGM is equally important in the regards to IT Indsutry news update.

We have previously made videos about the TCS Layoffs, Infosys layoffs, and TCS Infosys layoffs during the IT Layoffs 2024 cycle. Will IT Layoffs stop or not depends on these latest TCS News and IT News pieces about the impact of AI on IT Jobs and new AI Jobs created in the IT Industry. The reality of IT Industry is such that these developments will over time create a situation where only those IT employees who are well informed about the changes in the IT Industry can cope up with the future of the IT Industry in India. This video will also give you an idea about TCS vs Infosys priotities and projects.

Do checkout the other videos on the channel about IT Jobs, IT Industry news, Tech Jobs, Future of IT Industry, TCS Infosys Wipro, Infosys Results Update, TCS Results Update, TCS Infosys Layoffs, IT Layoffs, Tech Layoffs, Layoffs 2024, and others. Hope you find this video valuable, see you in the next one.

*****

About Me

I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video

*****

[PavanSathiraju]

Check out the continuous learning platform that Murtaza Bootwala (A dear friend & my classmate from INSEAD) & I have launched recently.
You will get to know nuances about 4 job categories in a structured way: Product Management, Strategy / Consulting, Corporate & Business Development, Marketing & Sales - which will help you make a more informed choice about your career, and also help you prepare for the interviews better .

[singhm]

There is really boh hard times coming up! Payoff will be very common! It's not due to yours fault or skill gap but due mismanagement of upper level management who gets high salary for no skills

[jonron]

Gen AI awarness is like watching a 20 min video. Anyone using Chat GPT is pretty much Gen AI aware 🙂

[shoorveer]

Cognizant should be grilled by some authorities. They have delayed 2023 batch joining by 1 year and now took 1 hackerrank assessment and terminated 95% students.

[RupanagudiRaviShankar]

as i had already mentioned in one of my comments, though 67 yrs, I still have the zest for knowing things, especially what is happening in the business environment, management side and the latest buzz of AI. what i am writing now or commenting now is strictly an opinion which can be light years away from the reality there in the market.
I feel either the top managements are themselves not very clear as to what will be the long term impact of AI / AGI as technology leaps forward OR they are fully aware of what is going to hit the industry, but are keeping cards close to their chests to avoid undue employee related headaches. either way the employee gets hit in the bargain ultimately. sir - educate these young crowd about the things in the technology space and continue the good work for their betterment. regards

[ishapadhy]

Hi Pavan Sir,

This clearly shows that the giant IT service companies will have a tougher time ahead if they don't adapt quickly. Hence, students graduating from college shouldn't solely depend on them for mass recruitment.

Add to the situation, PwC has already estimated that by Year 2025, India will see- 1900 GCCs with a market size of $60 bln.

I think a deeper focus on fields like cybersecurity & cloud computing, etc (+) targeting mid/small sized IT product & ER&D companies might be the best strategy for students entering into this industry!

[VirendraBG]

Why Youtubers are obsessed with annoying and unnecessary background music?
It makes hard to focus on what you are trying to communicate.

[braineaterzombie]

Being a data scientist myself, all this ai hype is bullshit . Except a few companies like openai most of them won't be using ai this much, they prolly be renting ai created by a few companies.

[jaidesai]

Tcs does not believe in paying salaries beyond 3 lacs they generally give 4 to 6 percent as salary hikes. And call 5 days a week in traffic and say we will monitor 8 hours. God help them in age of technology when they say 5 days and 8 hours and by standards pay very poor hikes to engineers. They need to refocus on employee benefits for finding returns or else each one just complain on tcs payment scales.

[baatimama]

Actually none of the services companies will create their own LLMs. So what they will do is re-use the Opensource LLMs/using the APIs shared by microsoft/google/oracle in their cloud services. You would need lot of resources to create an LLM from scratch like renting GPU optimising those LLMS . Generally services companies dont invest in enhancing core tech they just reuse tech. That's how it has been, in many such companies they will teach how to use the GEN AI apis(code)/tool(ui) etc . I guess this is good enough as of now. We have to see and wait more, to see how things unfold, main point of worries are these AI agent (still in development) how these agent pan out and work will be the deciding factor. If done correctly they have the potential to automate many type of jobs . I actually dont know how this will convert to economics . I know only the tech part partially from whatever I am reading over the net.

[vivekraju]

I'm not surprised at all Pavan. This is bound to happen

[hariharanr]

Indian IT services company will be displaced soon like Kodak film company which were tall till late 90s until entry of digital cameras started booming in early 2000s. One need to have ready products/Frameworks built or build hardware like IBM which never happened and also need to invest on real hard skills for people which also didn't happen.

[vikeng]

I think they might have completed some Gen AI courses.

[moinakbhattacharya]

All IT companies do not own any business data like Healthcare, Insurance, Bankint, Lifesciences, Logistics etc. AI is all about data, it is also about devices as in Robotics but IT companies do not do those stuffs. So these companies talk about GenAI to act smart. It's an essentially labour arbitrage business, selling few heads and earning commission money

[ashutoshgupta]

I recently got into AI and the 1st project is on making a tool that is directly impacting the QA team. I was previously working as a full stack dev now I think the UI/UX will soon get impacted as tech companies are investing very heavily on UI/UX dev through AI.

[srdtwpr]

Skilled in genai ?they do internal course which ans are there on youtube 😂

[lokeshr]

My company also started the Gen AI training. Currently they are doing testing trials. By end of the year they'll implement this in few client projects. Next year 2025 they will implement Gen AI fully and each of the existing employees who got trained will get access to all the Gen Ai tools. So expect less hiring next year.

[avifrancis]

I sold all shares in IT servies, TCS or Infosys is no Google or Amazon.

[ayushtewari]

Infosys is an amazing organisation, took my 3 interviews and on clearing them offered me a package almost 1/2 of what it was then.
Wasted good amount of my time.

[neo]

In our client townhall - all the questions are scripted. And you are saying that the AGM questions were tough ?