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Time of India
3 hours ago
- Time of India
It is not just Narayana Murthy: UK venture capitalist says a 7-day workweek is the price to ‘win' amid China's '996' culture
In a world where work-life balance is increasingly cherished, voices like Infosys co-founder Narayana Murthy 's call for a 70-hour workweek have sparked outrage, and inspiration. But Murthy isn't the only one advocating for longer hours as the key to national or business transformation. Across the continent, another influential figure is echoing the sentiment, albeit with some nuance. Harry Stebbings , the 27-year-old British venture capitalist and founder of 20VC, surprised many in the startup ecosystem recently when he proclaimed that European founders needed to push harder. In a now-viral LinkedIn post from June, Stebbings said, '7 days a week is the required velocity to win right now,' citing the speed of startups in Silicon Valley and China as models to match. What followed was a wave of backlash — and a debate that refuses to die down. Europe vs. the '996' Culture At the heart of the controversy lies China's '996' work culture — shorthand for working 9 a.m. to 9 p.m., six days a week — long criticized for its punishing hours but often credited with powering tech titans like Alibaba, Tencent, and Baidu. Stebbings' comments revived questions about whether such intensity is essential to building globally competitive startups — especially in regions like Europe, often stereotyped as less aggressive in the startup race. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Xu hướng tủ lạnh 2025: Chọn lựa thông minh với giá cả hợp lý LocalPlan Tìm Ngay Undo Speaking to CNBC Make It , Stebbings clarified that he didn't expect his message to go viral, nor did he mean for it to apply to every professional. 'It's everything that's wrong with Europe, that backlash,' he said. 'Speed and the ability to move fast really determine success — especially in AI.' For him, expecting to build a $10 billion company on a 9-to-5, Monday-to-Friday model was, simply put, 'delusional.' But many disagree — and vocally so. Sarah Wernér, co-founder of Husmus, told CNBC that Europe doesn't need more 'hustle,' but rather more aggressive funding. 'If a team of 10 is burning out to keep up with a 50-person U.S. VC- or Chinese government-backed startup, the problem isn't their stamina, it's their cap table,' she added. To her, funding — not fatigue — is the core issue. You Might Also Like: 'Work 70 hours a week for your bosses until you are replaced by AI': Shark Tank trolls working professionals Work Harder, But Not Without Heart Yet, Stebbings, like Murthy, insists he isn't promoting burnout . 'There is nuance,' he said. 'I'm not saying miss dinner with friends or family or just sit at your desk all day.' He calls for 100% commitment, particularly in the early years of building a company, but emphasizes the importance of mental and physical well-being. Stebbings shared his own reality — spending Sundays walking marathons with his ailing mother who has multiple sclerosis, before heading back to work. 'It's important to turn off and have a couple of hours away from your computer.' Murthy, too, made similar remarks at the Indian Chamber of Commerce centenary event in Kolkata, reported by NDTV . While advocating a 70-hour workweek, he rooted his stance in national responsibility: 'If we are not in a position to work hard, then who will work hard?' Drawing from his experience in Paris in the 1970s and his disenchantment with socialism, Murthy spoke of embracing 'compassionate capitalism' — a system where entrepreneurship creates jobs, generates wealth, and pays taxes to build infrastructure and reduce poverty. Overwork or Overhype? Interestingly, both Murthy and Stebbings acknowledge the cultural context of their advice. While Murthy speaks of India's developmental needs, Stebbings calls out what he sees as Europe's complacency. Yet, he also questions the narrative of nonstop hustle in the U.S. 'Go into a WeWork in San Francisco at 7 p.m. — they're not all working like we see on social media,' he said. He admits that hustle culture is often 'over-glamorized' and even fetishized. However, for the top 0.01% of Silicon Valley, he insists, it's real — and relentless. Other voices, like Balderton Capital's Suranga Chandratillake, have countered this glorification of overwork. He told CNBC Make It that what we often see is 'a fetishization of overwork rather than smart work… it's a myth.' In his view, the storytelling and mythmaking around Silicon Valley startups have created unrealistic expectations about the path to success. You Might Also Like: Narayana Murthy vs Shark Tank India: Work 70 hours, don't build startups. Makers reveal the real pain of millionaire bosses A New Work Ethic; Or an Old Debate in New Packaging? Whether it's Murthy's rallying cry for young Indians to 'work hard to make India number one' or Stebbings urging European founders to outpace their American and Chinese peers, the message is clear: in their eyes, success doesn't come on a clocked-out schedule. But at what cost? And for whom? Both leaders acknowledge the importance of balance, but their emphasis on dedication — and the backlash it brings — shows how deeply divided the global workforce is over what ambition should look like in 2025. Is it 70-hour weeks and 'seven days to win'? Or is it smarter, more funded, more inclusive models of productivity? Perhaps the answer isn't binary. But what's certain is this: the conversation on how much we work — and why — isn't going away anytime soon. You Might Also Like: Narayana Murthy explains how India can overcome poverty with 70-hour workweek You Might Also Like: Narayan Murthy's 70-hour week is not about 'work or no work': Doctor explains the logic in R. Madhavan's podcast
Economic Times
3 hours ago
- Economic Times
It is not just Narayana Murthy: UK venture capitalist says a 7-day workweek is the price to ‘win' amid China's '996' culture
Venture capitalist Harry Stebbings (right) stirred debate after urging European founders to adopt intense work hours, drawing parallels to China's 996 culture. His remarks echoed Infosys co-founder Narayana Murthy's (left) call for a 70-hour workweek. (Images: Agencies, LinkedIn) In a world where work-life balance is increasingly cherished, voices like Infosys co-founder Narayana Murthy's call for a 70-hour workweek have sparked outrage, and inspiration. But Murthy isn't the only one advocating for longer hours as the key to national or business transformation. Across the continent, another influential figure is echoing the sentiment, albeit with some nuance. Harry Stebbings, the 27-year-old British venture capitalist and founder of 20VC, surprised many in the startup ecosystem recently when he proclaimed that European founders needed to push harder. In a now-viral LinkedIn post from June, Stebbings said, '7 days a week is the required velocity to win right now,' citing the speed of startups in Silicon Valley and China as models to match. What followed was a wave of backlash — and a debate that refuses to die down. At the heart of the controversy lies China's '996' work culture — shorthand for working 9 a.m. to 9 p.m., six days a week — long criticized for its punishing hours but often credited with powering tech titans like Alibaba, Tencent, and Baidu. Stebbings' comments revived questions about whether such intensity is essential to building globally competitive startups — especially in regions like Europe, often stereotyped as less aggressive in the startup race. Speaking to CNBC Make It , Stebbings clarified that he didn't expect his message to go viral, nor did he mean for it to apply to every professional. 'It's everything that's wrong with Europe, that backlash,' he said. 'Speed and the ability to move fast really determine success — especially in AI.' For him, expecting to build a $10 billion company on a 9-to-5, Monday-to-Friday model was, simply put, 'delusional.' But many disagree — and vocally so. Sarah Wernér, co-founder of Husmus, told CNBC that Europe doesn't need more 'hustle,' but rather more aggressive funding. 'If a team of 10 is burning out to keep up with a 50-person U.S. VC- or Chinese government-backed startup, the problem isn't their stamina, it's their cap table,' she added. To her, funding — not fatigue — is the core issue. Yet, Stebbings, like Murthy, insists he isn't promoting burnout. 'There is nuance,' he said. 'I'm not saying miss dinner with friends or family or just sit at your desk all day.' He calls for 100% commitment, particularly in the early years of building a company, but emphasizes the importance of mental and physical well-being. Stebbings shared his own reality — spending Sundays walking marathons with his ailing mother who has multiple sclerosis, before heading back to work. 'It's important to turn off and have a couple of hours away from your computer.' Murthy, too, made similar remarks at the Indian Chamber of Commerce centenary event in Kolkata, reported by NDTV . While advocating a 70-hour workweek, he rooted his stance in national responsibility: 'If we are not in a position to work hard, then who will work hard?' Drawing from his experience in Paris in the 1970s and his disenchantment with socialism, Murthy spoke of embracing 'compassionate capitalism' — a system where entrepreneurship creates jobs, generates wealth, and pays taxes to build infrastructure and reduce poverty. Interestingly, both Murthy and Stebbings acknowledge the cultural context of their advice. While Murthy speaks of India's developmental needs, Stebbings calls out what he sees as Europe's complacency. Yet, he also questions the narrative of nonstop hustle in the U.S. 'Go into a WeWork in San Francisco at 7 p.m. — they're not all working like we see on social media,' he said. He admits that hustle culture is often 'over-glamorized' and even fetishized. However, for the top 0.01% of Silicon Valley, he insists, it's real — and relentless. Other voices, like Balderton Capital's Suranga Chandratillake, have countered this glorification of overwork. He told CNBC Make It that what we often see is 'a fetishization of overwork rather than smart work… it's a myth.' In his view, the storytelling and mythmaking around Silicon Valley startups have created unrealistic expectations about the path to success. Whether it's Murthy's rallying cry for young Indians to 'work hard to make India number one' or Stebbings urging European founders to outpace their American and Chinese peers, the message is clear: in their eyes, success doesn't come on a clocked-out schedule. But at what cost? And for whom? Both leaders acknowledge the importance of balance, but their emphasis on dedication — and the backlash it brings — shows how deeply divided the global workforce is over what ambition should look like in 2025. Is it 70-hour weeks and 'seven days to win'? Or is it smarter, more funded, more inclusive models of productivity? Perhaps the answer isn't binary. But what's certain is this: the conversation on how much we work — and why — isn't going away anytime soon.
New Indian Express
3 hours ago
- New Indian Express
IT cos' Q1 earnings to be hit by US tariffs, global cues
With a volatile macro environment, largely led by geo-political issues and tariff-related uncertainty, Indian IT services firms will report a soft quarter in Q1 FY26 and revenue performance is likely to be weak in an otherwise seasonally strong quarter, according to analysts. The country's largest IT services company Tata Consultancy Services (TCS) will release its first quarter results on Thursday- July 10. HCLTech will release its Q1 earnings on July 14 and Infosys on July 23. Equirus Securities expects mixed results across Enterprise IT services companies with very soft quarters for ER&D (Engineering and Research & Development) services companies on a QoQ basis. According to Equirus, Infosys might guide for 1.0-3.25% CC growth in US$ sales. It expects Wipro to guide for (-) 1% to (+) 1% q-o-q growth in IT Services US$ sales for 2QFY26E in CC terms. 'We expect 3.4% q-o-q increase in US$ Sales (CC: +1.4% q-o-q growth) for Infosys. EBIT margins are expected to dip by 10bps q-o-q led by wage hikes for leaders/seniors and normalisation of various expenses,' it said. According to PL Capital, Q1FY26 revenue performance of IT firms is expected to be weak in an otherwise seasonally strong quarter. Although the intensity of tariff uncertainties has reduced to some extent, demand recovery in tariff-induced verticals continues to be weak with global enterprises remaining cautious and sensing near-term uncertainties, it said. It said despite the deferment in wage hikes, the improvement in margins would either be flat or negligible due to missing operating leverage.
