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Why job losses are inevitable in IT

Firms have to move from just scale to building a smaller, more specialised talent pool

Shyamal Majumdar  |  New Delhi 

Shyamal Majumdar

Mohandas Pai, the former chief financial officer of Infosys, created a flutter last week when he said the Indian information technology industry could be staring at 30,000-40,000 mid-level job losses. In fact, this will become a regular phenomenon in line with the maturing of the industry.

Pai, who is currently chairman of Manipal Global Education Services, is bang on, as it’s inevitable that people who are not adding value to the salary they get will have to look elsewhere as companies will have no option but to periodically reset their pyramids, and shed people. Technological ...

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First Published: Thu, November 28 2019. 21:18 IST
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