Similarly, LTIMindtree’s new boss, Venu Lambu, during the company's earnings call, said that the focused approach to operational efficiency resulted in an improvement of 2.3% in utilization levels, from 85.8% in Q4 FY25 to 88.1% in Q1 FY26.

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 employees.Most of those affected will be in middle to senior roles.

India's largest IT services provider Tata Consultancy Services will reduce its workforce by 2% in its 2026 financial year, primarily affecting middle and senior management, the company said on Sunday.