India likely to bag 40% of jobs lost to layoffs globally; Mojocare funders flag financial finagling

Tech industry body Nasscom reports that India houses over 2,700 global capability centres (GCC), more than 65% of which are of companies headquartered in the US. Kamal Karanth, cofounder of Xpheno, said that the GCCs collectively added slightly over 1,50,000 employees, and grew from 1.45 million in the fiscal year (FY) 2122 to 1.6 million in FY 2223.