Monday, October 17, 2022

Moonlighting could topple IT industry, says TCS COO; firm plans internal 'gig' platform

Top executives of India’s IT services companies have been outspoken in their criticism of moonlighting – taking up dual employment – and both Wipro and Infosys have recently sacked employees found to be working second jobs. Now, N Ganpathy Subramaniam, chief operating officer of TCS, tells us the practice is not only unethical but presents an existential crisis to the $227-billion IT industry.

from Tech-Economic Times https://ift.tt/UM3apPV

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Softbank Group launches over $10 billion in bonds for OpenAI investment, term sheet shows

The dollar-denominated notes are split into 3-1/2-year, 5-1/2-year and 7-1/2-year tenors, while the euro-denominated bonds are split into 4-...