If we see the share prices of all the major it service companies, all are down for 24/26% for past 6 months. And it's not only Indian it companies.
The IT service companies are dead I guess, and with new gcc coming up it will hurt them more.
These IT companies should rethink their strategies. It clearly visible that their head is really heavy and pyramid is not correct. And also too much non billable people (not bench) is hurting them badly.

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I still feel service companies will not go anywhere. If someone has the best chance to stay relevant during tha age of AI, it is service based firms. Why ? Because they work for 1000 different type of clients. If AI is going to impact some domains still thay have lots of clients in place to work with. Main problem is for people who are working in product based companies and if their domain is impacted then they will be out and they don’t have other option within same company.

I don't think big service companies will service unless they do something. There are lot of mid size and small level service companies who are thriving, they are offering great value to client and also to better pay for resources. The big ones need to trim down the liabilities or else market won't respond

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