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Artificial Intelligence disruption

Infosys to Axe 5,000 Jobs as IT Stocks Plunge Amid AI Disruption

February 21, 2026 The Philox
Infosys to Axe 5,000 Jobs as IT Stocks Plunge Amid AI Disruption

Infosys Ltd. is one of the largest firms in the information technology services industry in India, but the company experienced a steep fall in its share value in the month of February 2026, with the lowest point of 52 weeks of 1,281.50

Categories Corporate Tags Artificial Intelligence disruption, Infosys layoffs, IT stock crash, Nifty IT index, sector-wide volatility

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  • Shah Rukh Khan is reportedly set to play a kdouble role in his action film King directed by Siddharth Anand
  • OnePlus N6 to debut in India on June 30 with several glaring flaws that give smartphone buyers major reasons to avoid it
  • Rockstar Games initially planned to open Grand Theft Auto VI pre-orders on June 25 but likely to push the launch back to August
  • Dua Lipa and Callum Turner shell out an incredible 1.7 million dollars for their extravagant three day wedding celebration in Sicily
  • Ranveer Singh reportedly earns a monumental 325 crore for Dhurandhar and set to become the first Indian actor to receive movie royalties
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