Ai-Impact

Let me be honest with you.

A few years ago, “job loss” conversations in Indian IT meant recession fears borrowed from the US — Twitter layoffs, Amazon layoffs, a headline that felt far away. That’s not what 2026 looks like. This year’s job losses aren’t announced in press releases. They’re happening quietly, one performance review at a time, and the reason isn’t a slowing economy — it’s AI.

If you work in Indian IT, this affects you whether or not you’ve felt it yet. Here’s the actual data, and a concrete plan for what to do about it.

Today Was Brutal for Indian IT Stocks

February 4, 2026, 10:30 AM: Nifty IT was down 5.9%.

By noon: Down 6.3%.

The damage:

• TCS: Down 6.5% (₹3,014 from ₹3,225)
• Infosys: Down 8.2% - steepest fall in 2.5 years
• Wipro: Down 4-5%
• HCL Tech: Down 5.1%
• Persistent Systems: Down 7.5%

Total market cap wiped out: ₹2 lakh crore. In one day.

This is the worst single-day crash for Nifty IT since March 2020 (COVID crash).