At the upper end, the valuation would represent only a modest premium to its $10.7 billion private market value from early 2022 falling short of recent valuations by mutual fund investors Invesco and Baron.
In a recent interview Parekh emphasised that Infosys will not follow the trend of downsizing
In 2022 and 2023, tech companies worldwide laid off more than 425,000 employees, as a global slowdown hit the IT/Tech and the startup ecosystem
Sources reported that the global technology spending growth rate has dropped from 8.2 per cent in 2022 to 4.4 per cent in 2023
The impacted staff include a few hundred each at AWS’ sales, marketing and global services division and the physical stores technology team
Following a candid exchange with Prime Minister Narendra Modi, Gates emphasised the pivotal role technology plays in bridging societal gaps
In October, some of her high-fashion creations were put on display at a boutique in Manhattan as well
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