Mphasis CEO Nitin Rakesh on recession: No armageddon in tech spending
Andrew McCollum
Synopsis
Mass layoffs in Big Tech, funding winter at startups has changed the discourse from growth to prudent growth among investors and business owners. ET Prime caught up with the CEO of IT services and consulting firm Mphasis, Nitin Rakesh, to find out how the company is preparing for the tough business environment.
Twitter, Meta and Amazon’s layoff decisions have been ringing the alarm bells for the much-talked about recession.But are we there yet? If yes, what will it bring aside from teary-eyed farewell posts on LinkedIn? What will a possible recession be like for the ones who run IT services businesses, whose growth is tied to the US market? Mphasis CEO, Nitin Rakesh says that the recession won’t result in a tech-spend armageddon but clients will
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