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IT industry layoffs may continue up to 2 yrs: Experts

Pink slips are likely for jobs in manual testing, technology support and system administration

Press Trust of India  |  New Delhi 

As digitisation and automation become the new normal, IT biggies like Infosys, Cognizant and Tech Mahindra are seeing a spate of layoffs and this trend may continue for the next 1-2 years, say experts. The pink slips are being handed out to thousands of employees as part of their performance appraisal process, but it is believed that these are directed more towards cost control amid pressure on bottom line due to a rising tide of protectionism in most target markets. Indian software exporters in particular are facing headwinds in the business environment and stricter work ...

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First Published: Sun, May 14 2017. 17:21 IST
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