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Top IT firms cut nearly 7000 jobs in FY26 as hiring pivots to efficiency
Economy
Published on 25 April 2026
The job cuts are tied to AI plans
India’s leading IT companies reduced headcount by nearly 7,000 in FY26, signaling a move from expansion to efficiency. The hiring slowdown is attributed to AI-driven restructuring and uncertain demand, pushing firms to favor specialized skills over broad recruiting. Even with these cuts, total industry employment edged up slightly, mainly due to growth at global capability centers.
- Top five IT firms cut nearly 7,000 jobs in FY26
- Hiring focus shifted from expansion to efficiency
- AI and demand uncertainty drove the restructuring
- Industry employment rose slightly, led by global capability centres
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times