TCS Cuts 10,000 Jobs Amid AI Shift, Boosts Wages

Indian tech giant TCS has announced layoffs of more than 10,000 employees as it shifts focus toward AI and future-ready technologies. The company stated the move is part of a broader strategy to invest in new markets and deploy AI at scale. Interestingly, over 80% of remaining employees will receive pay raises, though management is excluded from the hike.

Meanwhile, Huawei open-sourced its CANN software, akin to Nvidia’s CUDA, to boost its Ascend GPU ecosystem. China also unveiled plans for rapid brain-computer interface development, targeting breakthroughs by 2027. Samsung rebranded its foldable screens as ’MONT FLEX,’ aiming to solidify its leadership in the niche but slow-growing market.

In other news, Naver acquired Spanish C2C platform Wallapop for €377 million, expanding its global classified ads business. Australia’s Antarctic Program announced its first expedition to Heard Island in over 20 years, focusing on avian flu research and mapping.

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