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1. India’s IT sector is shortening bench time as client spending slows. Firms are reducing costs by limiting how long employees can remain unassigned.
2. Intel CEO Pat Gelsinger will present a plan to the board later this month to cut costs by selling off businesses, including Altera, and revamp capital spending. The goal is to revitalize the company’s fortunes.
3. Infosys’ recruitment issues reflect a broader tech talent crunch, worsened by economic uncertainty and automation. Indian IT firms face pressure to address delays in onboarding.
4. Dunzo, backed by Reliance Retail, has laid off nearly 150 employees and now retains staff only in its core supply and marketing teams.
5. Apple and Nvidia are reportedly in talks to join a major funding round for OpenAI, potentially raising its valuation above $100 billion.
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