Election 2019 Results

Days   Hours   Minutes   Seconds

Bloodbath – Massive Layoffs Coming In Indian IT Sector…

Bloodbath - Massive Layoffs Coming In Indian IT Sector...
Photo courtesy: Google

The Indian tech sector and IT industry is facing multiple negative growth trends – a general slowdown in growth from nearly 10% to around 5%+, the recent US visa restrictions and change from the typical IT services to a digital platform model. Almost every established Indian based IT company has started making sizable cuts in headcount of at least 10% starting with the more senior / experienced staff – VPs, Directors, Program Managers, but the cuts are expected to hit less experienced employees. You name the company – Wipro, Infosys, Cognizant, CapGemini, TCS and on and on. Some say the cuts could be comparable to the great recession of 2008-2010? One possible saving grace is the fast growing digitization been driven by Indian central and state governments.

Source: Times of India

Visit www.werindia.com OR Hindi.werindia.com to read news from 500+ news sources... आपका अपना डिजिटल अख़बार |

  • 10 May 2017
  • WerIndia

Leave a Reply

Recommended for you

Your Opinion

Are we wrong to be REALLY ANGRY ABOUT THE Kashmir Pulwama attack which killed 40+ Soldiers?

View Results

Loading ... Loading ...

View Older Polls

आपकी राय

क्या हमारा कश्मीर पुलवामा हमले के बारे में गुस्सा होना गलत है, जिसमें भारत के 40 सैनिक मारे गए?

View Results

Loading ... Loading ...

View Older Polls