Whalesbook
Global Capability Centres (GCCs) and IT firms are reducing routine hiring due to automation, impacting major Indian staffing companies like TeamLease Services, Quess Corp, and Info Edge. These firms, which derive significant revenue from IT-related recruitment, are seeing a slowdown as GCCs focus on process transformation and specialized talent, while traditional roles decline. Demand is shifting towards AI, cybersecurity, and cloud roles, with a potential for growth in smaller, AI-powered GCCs in tier-2 cities.