CoreWeave reported Q2 2025 revenue of $1.21 billion, up 207% year-over-year, beating estimates amid AI demand, but posted a $290.5 million net loss, causing shares to drop 10%. The company raised full-year guidance to $4.9-$5.35 billion, planning $23 billion in infrastructure investments despite rising costs and debt.
India's IT sector faces turmoil with massive layoffs, like TCS cutting 12,000 jobs amid AI automation, sluggish global demand, and U.S. economic woes. This disrupts millions of jobs and GDP contributions, exacerbating skill gaps. Reskilling and innovation are essential to mitigate the crisis and foster new opportunities.
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