HCL Technologies just triggered an industry-wide panic. With Q4 profits plunging 12% and revenue contracting 5.3% annually, the IT giant is cutting 3,000 jobs to survive.
This isn't just a seasonal slump; it's a systemic shift. As margins erode and AI integration fails to offset core losses, investors are dumping IT stocks.
The era of easy growth is officially dead.
The era of easy growth is officially dead.