{"id":916371,"date":"2025-03-22T11:23:33","date_gmt":"2025-03-22T05:53:33","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=916371"},"modified":"2025-03-22T11:23:33","modified_gmt":"2025-03-22T05:53:33","slug":"cost-cutting-by-elon-musks-doge-may-pain-tcs-infosys-wipro-and-other-big-indian-it-companies-as-well-caution-analysts","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/03\/22\/cost-cutting-by-elon-musks-doge-may-pain-tcs-infosys-wipro-and-other-big-indian-it-companies-as-well-caution-analysts\/","title":{"rendered":"Cost cutting by Elon Musk&#8217;s DOGE may &#8216;pain&#8217; TCS, Infosys, Wipro and other Big Indian IT companies as well; caution analysts"},"content":{"rendered":"<p>India&#8217;s IT companies, already struggling this year, face a potentially prolonged recovery, with analysts suggesting fiscal 2026 may not bring the anticipated upturn, according to a report in Reuters. This pessimistic outlook follows Accenture&#8217;s recent quarterly report, which highlighted persistent weakness in discretionary spending and overall demand. The Indian IT index has declined by 15.3% this year, on track for its worst quarter since June 2022, with major companies like TCS, Wipro, Infosys, and HCLTech experiencing losses ranging from 11.2% to 18.1%, Reuters reported.<\/p>\n<p>Accenture becomes first &#8216;tech casuality&#8217;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s IT companies, already struggling this year, face a potentially prolonged recovery, with analysts suggesting fiscal 2026 may not bring the anticipated upturn, according to a report in Reuters. This pessimistic outlook follows Accenture&#8217;s recent quarterly report, which highlighted persistent weakness in discretionary spending and overall demand. The Indian IT index has declined by 15.3% this year, on track for its worst quarter since June 2022, with major companies like TCS, Wipro, Infosys, and HCLTech experiencing losses ranging from 11.2% to 18.1%, Reuters reported. Accenture becomes first &#8216;tech casuality&#8217;<\/p>\n","protected":false},"author":11,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[87,4,11],"tags":[],"class_list":["post-916371","post","type-post","status-publish","format-standard","hentry","category-it-2-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/916371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=916371"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/916371\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=916371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=916371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=916371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}