 "layoffs, job loss, lay-offs, unemployment")
Telangana IT minister K T Rama Rao on Thursday came in strong defense of the practice of annual layoffs in the information technology (IT) sector as he said that the companies have been creating more jobs than removing people from their campuses.
"It (layoff) is common for (IT) companies. Few people are laid off but more new employees are being recruited by them each year. Why should we object to this," the minister said while sharing his views on the prospects of job growth in Hyderabad.
IT companies created more than 24,000 new jobs in the city during the year
