Bloodbath – Massive Layoffs Coming In Indian IT Sector…

Bloodbath - Massive Layoffs Coming In Indian IT Sector...
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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

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  • 10 May 2017

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