Global tech companies including TCS, Microsoft, Intel, Meta, and Panasonic are laying off thousands of employees this year due to AI restructuring, efficiency concerns, and skill mismatches. TCS cuts 2% of its workforce (12,000 employees), Microsoft lays off 15,000 plus 2,000 underperformers, and Intel plans 24,000 cuts. Meta and Panasonic also announced job reductions as they shift focus to AI and future technologies.

India’s mid-tier IT services firms outperformed large-cap peers in Q1 2025, with stronger profitability metrics despite weak global demand. Large-cap firms like Tata Consultancy Services (TCS) saw mixed results, while mid-cap companies such as LTI Mindtree and Persistent Systems reported significant profit growth. Revenue performance was mixed, with Coforge exceeding revenue growth expectations, while large-cap firms maintained stronger deal wins.

India's top five IT firms have trained over 250,000 employees in AI skills, with Tata Consultancy Services (TCS) leading at 114,000 advanced AI-trained employees. HCLTech has 42,000 GenAI-trained employees, while Wipro reports 87,000 higher-order AI skills. Infosys and Tech Mahindra have 290,000 and 77,000 basic AI-trained employees, respectively. Analysts question whether this training translates into revenue or profit, noting gaps in true AI transformation and outcome-based AI adoption.

The managed digital workplace services market is projected to grow from USD 54.29 billion in 2024 to USD 112.49 billion by 2032, with a CAGR of 9.5% over the 2025–2032 forecast period. The U.S. leads the market, while Asia Pacific is expected to grow at the highest CAGR of 11.84%. Key drivers include hybrid work models, digital transformation, and AI adoption. Major players like IBM, HCL, Accenture, and Dell are shaping the market through innovative solutions.

SSE Renewables has started construction of a 150MW/300MWh battery energy storage system (BESS) in West Yorkshire, replacing its former coal-fired Ferrybridge power station. The project, developed with Sungrow Power Supply and OCU Services, will provide flexible grid capacity and support net-zero goals. SSE also has planning consent for two additional battery projects.