Let's be very clear. Companies like TCS, INFY, WIPRO etc never invested the profits they made from the past 30 yrs in R&D.
They gave them back to their investors, in the form of a buyback, dividends, bonus etc. instead of investing heavily in AI.
Meanwhile companies like FANGMAN invested all the money in AI to replace the companies like TCS, INFY, WIPRO to reduce costs.
Now since FANGMAN is cutting on their expenses and reducing the budget of these companies, they are going to feel the heat and so will their employees.
So such things will become pretty common in the future even if these companies don't want to do that.
Like in the past 25 years, this is the first time the headcount has been reduced.
Transfers within 2 weeks.
All these are just the weak winds ahead of the heavy storm that is going to come.