IT firms to tighten belts amid rising uncertainty
Indian IT firms face challenges amid market volatility and declining stock prices, influenced by potential tariffs and reduced discretionary spending. US businesses are prioritizing cost reduction, impacting the IT and BPO sectors. Experts suggest IT firms should focus on cost management, workforce realignment, and exploring non-US markets to navigate the economic uncertainty and optimize existing projects.
Indian IT firms face challenges amid market volatility and declining stock prices, influenced by potential tariffs and reduced discretionary spending. US businesses are prioritizing cost reduction, impacting the IT and BPO sectors. Experts suggest IT firms should focus on cost management, workforce realignment, and exploring non-US markets to navigate the economic uncertainty and optimize existing projects.
