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IT job cuts: Up to 600,000 engineers likely to be laid off in next 3 years

McKinsey & Company report says half of IT workforce will be irrelevant over the next 3-4 years

Press Trust of India  |  Bengaluru 

Executive search firm Head Hunters India said the job cuts in IT sector will be between 1.75 lakh and 2 lakh annually for next three years due to under-preparedness in adapting to newer technologies. "Contrary to media reports of 56,000 IT professionals to lose jobs this year, the actual job cuts will be between 1.75 lakh and 2 lakh per year in next three years, due to under- preparedness in adapting to newer technologies," Head Hunters India Founder-Chairman and MD K Lakshmikanth told PTI, analysing a report submitted by McKinsey & Company at the Nasscom India ...

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First Published: Mon, May 15 2017. 08:10 IST
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