Bloodbath - Massive Layoffs Coming In Indian IT Sector

SENSEX

NIFTY

GOLD

USD/INR

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

Bloodbath – Massive Layoffs Coming In Indian IT Sector…

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

  • OurVoice WeRIndia
  • 10 May 2017

Leave a Reply

WeRIndia News Alert

Caste your vote / आपका वोट

Participate, predict and share your opinion by clicking here

Opinion Poll

Sorry, there are no polls available at the moment.

View Older Polls

WERINDIA – A News Aggregator

WeRIndia-A News Aggregator

Facebook

Recent Posts