Indian IT companies are experiencing a subdued near-term outlook as clients reduce spending and the growing risks associated with artificial intelligence impact the sector.

Major Indian IT companies, including Infosys and HCL Technologies, have filed numerous WARN notices in Texas, signaling significant layoffs attributed to the growing impact of AI on large deals and reduced demand for redeployment.

Major Indian IT companies including Infosys, TCS, Cognizant, and Wipro have reportedly reduced their canteen menus and are asking employees to bring their own food.