ISSAQUAH, WA – Reetail giant Costco Wholesale Corp is setting up its first technology center in India, to be located in Hyderabad, according to sources familiar with the plans who spoke to Reuters.

Nearly 40 companies have laid off employees so far in 2026, continuing the trend of significant workforce reductions across a broad range of industries, including tech, media, finance, and retail.

Merck has opened a Global Capability Centre in Bengaluru to enhance its AI and digital technology operations. The facility ...