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Grim story of IT layoffs: Those with 5-15 yrs of experience getting the axe

Analysts attribute these job losses to a slowdown in growth, automation of lower-end work

Ayan Pramanik  |  Bengaluru 

Chakravarthy Narayan was in for a shock when he went for a meeting with the human resources manager at an IT (information technology) services company last month. A day ago, a conversation at his office had veered around how resources could be rationalised.

As a programme manager, Narayan managed around six teams but little did he realise that he was being let go. “I was the most expensive resource,” he said, having spent around two decades in at least three large companies. As the IT industry faces its worst challenge in nearly a decade, employees on the block are ...

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First Published: Mon, May 15 2017. 12:44 IST
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