Carnage in Indian IT: Wipro, Infosys, Tech Mahindra, Cognizant slash jobs

Tech Mahindra recently fired close to 1,000 employees; Wipro was the canary in the coal mine

Once India's global claim to fame, the country's information technology (IT) sector is seeing a spate of layoffs by IT majors like Tech Mahindra, Wipro, Infosys and Cognizant. 

The churn in the IT sector — which is moving towards increasing automation, use of artificial intelligence and is beset by tightening visa regulations — is likely to affect mid-level employees with 10-15 years of experience the most, as many are averse to learning new skills, industry experts have said.

Further, Indian IT firms are witnessing their slowest growth in a decade, while global firms are shifting their budgets from traditional IT