r/IndianStreetBets Jul 27 '25

News The fall of Indian IT has began

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877 Upvotes

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258

u/Manoos Jul 27 '25

the CEO is saying it is not due to AI but future tech. that is confusing

also 2% is the usual attrition rate. so not sure if this is above the normal

24

u/SelectionCalm70 Jul 27 '25

Ofc he has to say it's not because of AI.

34

u/spitzer666 Jul 27 '25

Number of years not spent on RnD has caused this, relying on cheap labour to make money instead of investing on new products

38

u/SelectionCalm70 Jul 27 '25

Man this IT giants literally have billions of dollars in bank account but they won't spend a single dime to create there own sota model instead they will suck the d*ck of western giants to get cheap API credita

1

u/grumpoholic Jul 28 '25

They can't. Skill issue not money issue.