AI isn’t the only culprit: GCCs in the spotlight in India’s IT layoff story

Some Bengaluru-based doyens may disagree, but as recent events would suggest, Vishal Sikka was probably the most prescient of recent Indian IT CEOs. In 2015, under his leadership, Infosys invested $1.4 million in ANSR (pronounced Answer) which helped foreign companies set up their tech operations in India.

Running their own operations was the OG approach to outsourcing, before the likes of TCS, Infosys and Wipro had made it easier for clients like big US banks to swing the cost-arbitrage play.