🚨 DOJ just slapped another H-1B body shop with a $313K settlement
Compunnel Software Group posted 50 LinkedIn ads that literally said “H-1B visa only” — openly rejecting U.S. citizens and green card holders.
Result:
• $58K back pay to an American Python developer they screwed over
• $255K civil penalty
This is the **9th settlement** under DOJ’s Protecting U.S. Workers Initiative.
Body shops flood the H-1B lottery and discriminate against Americans… and the system still lets it happen.
When does this end?
americanbazaaronline.com/202…
#OnCNBCTV18 | Many cos are partnering with new tech cos to make the most of AI, will be a combination of platform with engineers and AI agents
AI partnership for most companies could be a subscription model. AI-enabled Employees Will Be Essential In The Future Workforce
Sanjay Salunkhe, #HexawareTech to CNBC-TV18
#CNBCTV18Market | #Jefferies on #IT: #AI may structurally change the #IT biz mix toward consulting/implementation while shrinking managed svcs. Require a change in talent & operating model, thus adding risks.
Downgrade #Infosys to hold, target price cut to ₹1,290/sh from ₹1,880
Downgrade #HCLTech to hold, target price cut to ₹1,390/sh from ₹1,885/sh
Downgrade #Mphasis to hold, target price cut to ₹2,450/sh from ₹3,410/sh
Downgrade #LTIMindtree to underperform, target price cut to ₹4,300/sh from ₹6,175/sh
Downgrade #TCS to underperform, target price cut to ₹2,350/sh from ₹3,485/sh
Downgrade #HexawareTech to underperform, target price cut to ₹460/sh from ₹660/sh
#3QWithCNBCTV18 | 'Expect growth to accelerate post Q1CY26, historically, Q1 tends to be a flattish quarter', says R Srikrishna, of #HexawareTech to CNBC-TV18
See deflationary impact in #traditional IT services, but volumes from #new IT services will make up for it, he further adds