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Tech layoffs signal reshuffle

IBM closing China R&D (impacting <1,000, shifting to India amid US-China tensions); Audi/Porsche (German MNCs) planning 7,500/1,900 job cuts in Europe by 2029 due to EV demand weakness, potentially upskilling India teams. Speculation: More MNC work (e.g., semiconductors) relocating to India u

By Whispers in the Corridors 1 min read

IBM closing China R&D (impacting <1,000, shifting to India amid US-China tensions); Audi/Porsche (German MNCs) planning 7,500/1,900 job cuts in Europe by 2029 due to EV demand weakness, potentially upskilling India teams. Speculation: More MNC work (e.g., semiconductors) relocating to India under US policies.

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