Silent layoffs in Indian IT sector affect over 20,000 techies: Which companies cut most jobs?
6 months, 3 weeks ago

Silent layoffs in Indian IT sector affect over 20,000 techies: Which companies cut most jobs?

Hindustan Times  

India’s IT sector laid off around 20,000 techies during the calendar year 2023, in a manner known as a “silent layoff,” according to data shared by All India IT & ITeS Employees' Union, as reported by Moneycontrol. A “silent layoff” refers to a situation where employees are let go or have their employment terminated in a discreet or unannounced manner, according to a Medium article on such layoffs in America’s big tech companies. Silent layoffs can take different forms, including not renewing contracts, reducing work hours, offering early retirement options, or simply not filling vacant positions, Medium wrote. Around 2,000-3,000 professionals from India’s top IT companies lost their jobs in 2024 alone, according to IT employee union Nascent Information Technology Employees Senate.

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History of this topic

Layoffs in tech industry seem to be far from over
1 month, 2 weeks ago

Layoffs in tech industry seem to be far from over

Hindustan Times  

The technology sector’s employment woes have deepened in 2024, with companies across the spectrum announcing fresh layoffs, indicating the trend that began two years ago shows no signs of abating. This both validates the opportunity we’ve been pursuing and underscores the need for even more urgency, even more aggressive investment, and decisive action,” Dropbox CEO Drew Houston said in a …

Tech Layoffs 2024 continue as Mozilla, X and Samsung announce fresh round of job cuts
1 month, 2 weeks ago

Tech Layoffs 2024 continue as Mozilla, X and Samsung announce fresh round of job cuts

India Today  

As we near the close of 2024, the wave of layoffs in the tech industry shows no sign of slowing down. Following the mass job cuts announced in 2022 and 2023, tech companies have continued to announce additional layoffs throughout this year amid economic pressures, shifting strategies, and the impact of technological advancements like AI. According to Mozilla, the layoffs …

27,000 techies laid off across the globe in August, highest since January 2024
3 months, 2 weeks ago

27,000 techies laid off across the globe in August, highest since January 2024

Deccan Chronicle  

Hyderabad: The layoffs in tech companies has witnessed a surge in August, since January 2024. On August 1, Intel CEO Pat Gelsinger announced plans to cut around 15,000 jobs, representing 15% of its workforce. German chipmaker Infineon announced on August 5 that it would cut 1,400 jobs globally, with an additional 1,400 positions being relocated to countries with lower labor …

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details
3 months, 2 weeks ago

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details

ABP News  

The tech industry experienced a major increase in layoffs in August 2024, reaching its highest level of job cuts since January of this year. The surge in layoffs is primarily attributed to substantial reductions at prominent industry leaders like Intel and Cisco, which contributed significantly to the overall increase in job losses. Intel Layoffs Intel spearheaded the wave of layoffs …

Tech Layoffs Continue Worldwide In July, See How Many Indians Felt The Impact
4 months, 3 weeks ago

Tech Layoffs Continue Worldwide In July, See How Many Indians Felt The Impact

ABP News  

The tech industry has been going through a wave of layoffs and the reduction in workforce has continued in July as well. The data showed that in the year so far, as of July 30, 2024, about 1,90,049 people were let go of from about 380 companies across the world, reported The Indian Express. July began with US-based software firm, …

India's top 5 IT firms continue headcount decline for 7th straight quarter
4 months, 3 weeks ago

India's top 5 IT firms continue headcount decline for 7th straight quarter

Business Standard  

TCS led the ranking with total 606,998 employees, while Infosys came in second with 315,332 employees For the seventh consecutive quarter, India’s top five IT services firms have experienced a decline in headcount. The news report quoted Deepti S, business head of technology staff augmentation at staffing company Xpheno saying, “The gradual slowdown of the degrowth with the quantum of …

Intel Layoffs: Tech Firm Plans To Fire Thousands Of Employees, Says Report
4 months, 3 weeks ago

Intel Layoffs: Tech Firm Plans To Fire Thousands Of Employees, Says Report

ABP News  

Intel Layoffs: Intel reportedly plans to cut thousands of jobs as part of a cost-cutting strategy to support the critical initiative of recovering from recent earnings declines and market share losses. Intel’s Chief Executive Officer Pat Gelsinger is investing heavily in research and development to improve the firm’s technology and restore its leading position in the semiconductor industry. Under Gelsinger's …

More job losses? 10,000 freshers from major IT firms Infosys, Wipro and TCS await onboarding: Report
6 months, 1 week ago

More job losses? 10,000 freshers from major IT firms Infosys, Wipro and TCS await onboarding: Report

Live Mint  

India's major IT sector is causing major onboarding delay issues for freshers. The IT employee union Nascent Information Technology Employees Senate data revealed that at least 10,000 freshers who were offered jobs in the past two years have not yet been onboarded by IT companies, Times of India reported. As per the report, Harpreet Singh Saluja, the President of the …

25,000 Female Employees Exit Top IT Firms On FY24, Reveals New Study
6 months, 1 week ago

25,000 Female Employees Exit Top IT Firms On FY24, Reveals New Study

News 18  

A recent study indicates a decline in the female workforce in the country’s top IT companies amid the high attrition rate in the industry. Around 25,000 female employees have exited top IT firms, including TCS and Infosys, in the financial year 2023-24, according to a study by staffing firm Xpheno. The drop in the number of female employees was reported …

‘Quiet Firing’: Are Indian IT Firms Taking The Silent Route Of Layoffs?
6 months, 3 weeks ago

‘Quiet Firing’: Are Indian IT Firms Taking The Silent Route Of Layoffs?

ABP News  

Some Indian companies, especially those in the IT services field, are letting employees go without making much noise about it, or they can say they are implementing ‘silent sacking’ or ‘quiet firing, ' according to an association. Layoffs pose a substantial financial burden for companies, as they are required to offer severance packages to affected employees, states a report by …

Over 20,000 techies lost jobs in 'silent layoffs’: AIITEU
6 months, 3 weeks ago

Over 20,000 techies lost jobs in 'silent layoffs’: AIITEU

New Indian Express  

BENGALURU: More than 20,000 employees in the IT/ITeS industry have lost their jobs in ‘silent’ layoffs in FY24 alone, according to the All India IT & ITeS Employees’ Union. “This is just the tip of the iceberg and there are many other problems in the industry, including delayed onboarding, no payment for overtime, no local point of contact for employees …

Tech layoffs: Infosys CEO says company is not ‘downsizing’, no job cuts expected
6 months, 3 weeks ago

Tech layoffs: Infosys CEO says company is not ‘downsizing’, no job cuts expected

Hindustan Times  

Infosys CEO Salil Parekh said that the company has no plans to cut jobs amid layoffs in the tech industry. Infosys CEO Salil Parekh said that Infosys will not follow the trend of downsizing. "We at Infosys, a very strong and generative AI and over the next several years, we will have more and more people joining us who become …

Paytm layoffs: Company may cut jobs of 5,000-6,300 employees amid crisis
6 months, 4 weeks ago

Paytm layoffs: Company may cut jobs of 5,000-6,300 employees amid crisis

Hindustan Times  

Paytm layoffs: Paytm parent company One97 Communications may cut jobs to reduce its employee costs this fiscal year, it was reported. The company may cut around 15-20 per cent of its workforce, Financial Express reported. Paytm layoffs: Paytm founder and CEO Vijay Shekhar Sharma during an event in Mumbai, How many employees does One97 Communications have? The company's revenue from …

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report
7 months, 2 weeks ago

80,000 tech employees lost jobs across 279 firms in 2024 so far: Report

India TV News  

It was reported that more than 80,000 employees in the technology sector lost their jobs in the first four months of 2024, and layoffs are continuing to haunt the overall startup ecosystem across the world. Latest figures from layoff.fyi, a portal that tracks tech sector job cuts, 279 tech companies have sacked 80,230 employees to date. In 2022 and 2023, …

India's Tech Sector Insights & Trends: 190,000 Layoffs, 37,000 In Startups In 3 Yrs
7 months, 3 weeks ago

India's Tech Sector Insights & Trends: 190,000 Layoffs, 37,000 In Startups In 3 Yrs

News 18  

Google’s recent layoff confirmation, purportedly encompassing its entire Python team, mirrors a broader trend in the tech sector job market. Ramesh Alluri Reddy, CEO of TeamLease Degree Apprenticeship, which is TeamLease’s flagship blended learning programme designed to bridge the skill gap in the workforce, shared insightful data with News18 about the layoffs, job creation, and evolving trends, offering insights into …

Tech layoffs this week: Byju’s, Apple, Amazon cut jobs citing downsizing, shifts. More companies to follow?
8 months, 2 weeks ago

Tech layoffs this week: Byju’s, Apple, Amazon cut jobs citing downsizing, shifts. More companies to follow?

Hindustan Times  

Tech layoffs 2024: The tech industry saw more layoffs this week as companies are sacking employees across departments. The big companies that fired employees include Amazon, Apple and Byju’s who cited strategic shifts and downsizing as the reason for job cuts in the industry. As per Layoffs.fyi, 235 companies have laid off 57,785 employees in 2024 as in January, 121 …

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?
8 months, 3 weeks ago

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?

News 18  

A CEO of a technology company fired hundreds of employees over a phone call. This news is nothing new as several IT companies have been on a firing spree since November 2023, and, unfortunately, the trend is still continuing in March 2024. Tech giant Google has warned its employees to “brace for more layoffs”, as Alphabet removed thousands of its …

Layoffs 2024: Tech companies fire 30k employees in January; Paytm, Flipkart lead race in India
10 months, 2 weeks ago

Layoffs 2024: Tech companies fire 30k employees in January; Paytm, Flipkart lead race in India

Hindustan Times  

After a major firing spree throughout 2023 in major global tech companies, situation continues to remain bleak for employees across all major departments as over 30,000 tech employees have been laid off in January 2024. Over 30,000 laid off in tech companies in January 2024 According to data collated by Layoffs.fyi, over 30,000 employees have been fired from tech companies …

Salesforce cuts 700 jobs in latest tech layoffs: Know more
10 months, 3 weeks ago

Salesforce cuts 700 jobs in latest tech layoffs: Know more

India TV News  

Salesforce, a major enterprise software company, is reportedly cutting around 700 jobs, which is approximately 1 per cent of its workforce of about 70,000 people. Previous Layoffs In January 2023, Salesforce laid off 10 per cent of its workforce, affecting around 7,000 employees, due to global economic conditions. Ongoing Job Losses in Tech Within the first two weeks of the …

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs
10 months, 4 weeks ago

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs

Associated Press  

2024 has already proven to be a difficult year for layoffs. Here’s some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer’s headquarters and distribution centers. In a letter to employees, CEO Eric Artz noted that “outdoor specialty retail has experienced four quarters of decline …

These 46 tech companies layoff 7,500 employees in first 2 week of 2024
11 months, 1 week ago

These 46 tech companies layoff 7,500 employees in first 2 week of 2024

India TV News  

It's just two weeks to 2024, and tech companies have already started to lay off employees from the companies. As per the latest data from layoff.fyi, a website that tracks tech sector job cuts, 46 tech companies laid off 7,528 employees. Tech companies, including startups, around the world fired more than 425,000 employees in 2022 and 2023, with more than …

Tech layoffs 2024: Flipkart, Amazon, Paytm, Google cut thousands of jobs; is AI the real villain?
11 months, 1 week ago

Tech layoffs 2024: Flipkart, Amazon, Paytm, Google cut thousands of jobs; is AI the real villain?

Hindustan Times  

Hundreds of Indian workers are left in a lurch in an even worse job market after multiple big tech companies like Amazon, Microsoft, Google, and Flipkart together cut thousands of jobs across multiple departments in the first two weeks of 2024. The first two weeks of 2024 saw thousands of job cuts One of the most significant layoffs in the …

Layoffs Reached All-Time High in 2023, India Ranked 2nd After US for Firing 18,000 Employees
11 months, 3 weeks ago

Layoffs Reached All-Time High in 2023, India Ranked 2nd After US for Firing 18,000 Employees

News 18  

Layoff-fyi, a website that tracks jobs globally, has revealed that 2.61 lakh people lost their jobs in 2023. According to statistics, here are the estimated numbers of individuals fired country-wise: United States: 179.2 Thousand India: 16.4 Thousand Germany: 13.1 Thousand Sweden: 11.1 Thousand United Kingdom: 9.4 Thousand Around 4,700 individuals were laid off in the ed-tech sector, followed by the …

Paytm shares in red amid AI-driven layoffs at fintech major
11 months, 3 weeks ago

Paytm shares in red amid AI-driven layoffs at fintech major

Hindustan Times  

Shares of One97 Communications Limited, the Noida-based parent of fintech major Paytm, witnessed a dip of nearly 2% in early trade on Tuesday, with the decline coming on the back of job cuts undertaken by the company, which described the move as a ‘slight reduction' to its workforce. Representational Image Around 11 am, One97 shares fell by over 1.5% on …

Paytm lays off over 1000 employees as cost-cutting measure, more job cuts likely
11 months, 4 weeks ago

Paytm lays off over 1000 employees as cost-cutting measure, more job cuts likely

Hindustan Times  

As the string of layoffs in 2023 continues, Paytm's parent company One 97 Communications has decided to fire over 1,000 employees across various departments in an effort to cut costs across the company, reported the Economic Times. Paytm has laid off over 1000 people as a cost cutting measure Paytm is in the process of realigning various businesses and thus, …

Intel to lay off 235 employees over two weeks in the US
1 year ago

Intel to lay off 235 employees over two weeks in the US

Live Mint  

Santa Clara-based IT major Intel Corporation is set to undertake its fifth round of job cuts from December 31, 2023. The company will lay off around 235 employees at its research and development facility in Folsom, Sacramento County over two weeks, as per the Hindustan Times. “Intel is working to accelerate its strategy while reducing costs through multiple initiatives, including …

TCS, Infosys, Wipro, HCL Tech: Hiring In IT Sector To Remain Slow For 2-3 Quarters, Says Report
1 year ago

TCS, Infosys, Wipro, HCL Tech: Hiring In IT Sector To Remain Slow For 2-3 Quarters, Says Report

News 18  

IT companies in India, including TCS, Infosys, HCL Tech and Wipro, have hired fewer employees in the past four quarters, due to demand slowdown, reduction in attrition levels and excessive hiring during the pandemic, according to a report by ratings agency ICRA. However, the average last twelve-month attrition for IT companies declined to 14 per cent as of September 2023, …

Amid festive season, L&T Technology lays off 200 employees to 'reduce overlapping roles'
1 year ago

Amid festive season, L&T Technology lays off 200 employees to 'reduce overlapping roles'

Hindustan Times  

L&T Technology Services has decided to lay off 200 employees after conducting its most recent performance reviews, citing reasons of "reducing overlapping roles". L&T Technology Services has laid off 200 employees, as per reports The engineering service company is the latest to join the bandwagon of layoffs in India, right after edutech company PhysicsWallah sacked 120 employees. L&T spokesperson told …

US-based tech company Pegasystems to lay off 240 employees: Report
1 year, 3 months ago

US-based tech company Pegasystems to lay off 240 employees: Report

Live Mint  

Pegasystems, a US-based software company, is laying off about 240 employees across various geographies due to the reorganization of its customer success roles, according to a report published by The Economic Times. Notably, this is the second job cut at Pegasystems this year as the company also sacked approximately 4% of its strong workforce. Still, job cuts in the tech …

Indian IT company plans to hire 6,000 professionals amidst tech layoffs, details here
1 year, 5 months ago

Indian IT company plans to hire 6,000 professionals amidst tech layoffs, details here

India Today  

The tech industry is going through a rough time at present with layoffs happening at a rapid place at companies. IT company announces hiring 6,000 people Hexaware Technologies plans on hiring around 6,000 people and has 419 job openings posted on LinkedIn. Techies opting for lower salary, better perks Meanwhile, according to a recent survey by job posting site Blind, …

Amid layoffs across tech sector, this company plans to hire over 1,000 IT professionals from India
1 year, 6 months ago

Amid layoffs across tech sector, this company plans to hire over 1,000 IT professionals from India

India Today  

With large-scale layoffs happening across the world, the tech world is going through a major upheaval of sorts. IT company announces plans of hiring 1,000 professionals As per a CNBC TV 18 report, Axtria Inc is an IT company specialising in life sciences industry and has announced that it wants to bring over 1,000 IT professionals onboard over the next …

Indian IT sector to reduce college hiring by 40%, will prioritise last year’s offers first
1 year, 6 months ago

Indian IT sector to reduce college hiring by 40%, will prioritise last year’s offers first

Firstpost  

Currently, the job market for the Indian IT industry is extremely competitive due to companies increasingly laying off employees as a cost-cutting measure. In light of this situation, an analysis conducted by recruitment firm TeamLease Digital has revealed that most Indian IT companies are planning to hire 40 per cent fewer freshers during the financial year 2023-2024. The report also …

Tech Layoffs: Amazon India lays off around 500 people in HR, tech support and web services teams
1 year, 7 months ago

Tech Layoffs: Amazon India lays off around 500 people in HR, tech support and web services teams

Firstpost  

Amazon India has conducted a new round of layoffs that have affected employees in the Amazon Web Services and People Experience and Technology Solutions divisions, according to sources working in the company. Also read: Tech Layoffs: Amazon starts terminating more people, this time from HR and Amazon Web Services HR, tech support and web services teams get the pink slip …

IT firms may see a sharp decline in attrition rate
1 year, 8 months ago

IT firms may see a sharp decline in attrition rate

Live Mint  

India’s software services companies are expected to see a sharp drop in attrition rates in the coming quarters, from the current 20%-plus to as low as 16%, as the impact of hiring freezes and retrenchments takes effect. This slowdown of hiring started from November 2020 onwards and will continue to till September 2023,” said Saran Balasundaram, founder of HanDigital, a …

Around 24,250 Indian techies lose jobs at 84 startups till date: Know the reason why?
1 year, 8 months ago

Around 24,250 Indian techies lose jobs at 84 startups till date: Know the reason why?

India TV News  

Since the year got started, we are bombarded with the news of layoffs, job loss, company's planning for cost-cutting and whatnot. The reports have stated that the leading digital healthcare platform like Practo has laid off 41 employees, who are mostly engineers, as part of the company's continuous planning process and performance management. Image Source : FREEPIKAround 24,250 Indian techies …

Accenture’s layoffs signal tough times for India’s IT giants
1 year, 8 months ago

Accenture’s layoffs signal tough times for India’s IT giants

Live Mint  

IT consulting giant Accenture shocked the industry by announcing plans to trim its workforce by 19,000 over the next 18 months. Wipro reduced its headcount by a net 435 employees in Q3, FY23 after a low net addition of 605 employees in Q2. HCL Tech added a net 2,945 employees in Q3, taking its total headcount to about 220,000. Most …

Layoffs in US will bring lot of work to India: GlobalLogic CEO Nitesh Banga
1 year, 9 months ago

Layoffs in US will bring lot of work to India: GlobalLogic CEO Nitesh Banga

Deccan Chronicle  

New Delh: Layoffs by Big Tech in the US are expected to bring a lot of work to India and the country's IT sector is poised to gain significantly during the slowdown, a top official of the US-based firm GlobalLogic said. In an interview to PTI, GlobalLogic President and CEO Nitesh Banga said the company is looking to acquire talents …

Samsung layoff: 3% of employees at the US chip subsidiary lost their job
1 year, 9 months ago

Samsung layoff: 3% of employees at the US chip subsidiary lost their job

India TV News  

Samsung Electronics has laid off 3 per cent of the employees at its US semiconductor subsidiary- Device Solutions Americas. Business Korea, the citing source said that the Samsung DSA notified all of its employees of the job cuts due to uncertain economic conditions. Image Source : PIXABAYUnemployment A global economic recession has led to an overall reduction in the demand …

From IT to Startups, these Indian companies laid off employees in 2023
1 year, 10 months ago

From IT to Startups, these Indian companies laid off employees in 2023

Live Mint  

In the recent weeks, over tens of thousands of tech employees have been laid off across the globe. Twitter, which fired more than 90 percent of its roughly 200-plus staff in India late last year, closed its Delhi Mumbai offices, people aware of the matter had told Bloomberg. We at KPMG in India remain focused on growth opportunities in India …

IT giant TCS not looking at layoffs, likely to announce hikes for employees soon
1 year, 10 months ago

IT giant TCS not looking at layoffs, likely to announce hikes for employees soon

Live Mint  

Amidst layoffs over the world especially from tech biggies, Indian IT giant, Tata Consultancy Services is not considering the same. While shunning the layoff plan, TCS chief Human Resources officer Milind Lakkad on Sunday hinted that the company will be announcing hikes that will be similar to earlier years. Whereas TCS, he cited as "cautious", believes that once staff member …

Tech layoffs happening in US, not India, says Union Minister
1 year, 10 months ago

Tech layoffs happening in US, not India, says Union Minister

The Hindu  

Layoffs are happening in the tech majors in the US and not in India, said Rajeev Chandrasekhar Union Minister of State for Electronics, Information Technology, Skill Development and Entrepreneurship. Moreover, according to him, India has added 18 lakh jobs in the technology and electronic sector in the two years since the pandemic Mr. Chandrasekhar was responding to a concern expressed …

How tech layoffs will affect the H-1B worker economy
1 year, 10 months ago

How tech layoffs will affect the H-1B worker economy

Hindustan Times  

The technology industry in the United States is shrinking. During the pandemic, while many sectors of the economy shrank, the tech industry went on a talent hunt that some analysts say might have resulted in as much as 20% excess workers. While economic headwinds are there, it is worth noting that in January, the same month the US tech industry …

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List
1 year, 10 months ago

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List

News 18  

Tech Layoffs In 2023: Citing cost cutting due to macroeconomic pressures, tech companies across the world have resorted to layoffs in the past months. The year 2023 has witnessed mass layoffs by companies such as Google, Microsoft, Salesforce and Amazon, among others. Apart from these, Salesforce laid off 8,000 employees, Dell sacked 6,650, IBM about 3,900, SAP nearly 3,000, Zoom …

INDUSTRY | Will IT lay-off wave crash into Indian shores?
1 year, 10 months ago

INDUSTRY | Will IT lay-off wave crash into Indian shores?

The Hindu  

Published : Feb 09, 2023 10:25 IST It was a New Year gift that the employees of Big Tech did not see coming. “If a small company like mine has been told not to hire high-skilled workers, then it can happen anywhere.” Alagunambi Welkin, general secretary of the Union of IT and IT-ES Employees, said that it was odd that …

Here are the latest tech layoffs as the industry shudders
1 year, 10 months ago

Here are the latest tech layoffs as the industry shudders

CBS News  

The high-flying tech industry is facing a reckoning as the economy slows and customers pull back on spending. Dell The computer company in February announced it would slash 5% of its workforce due to a "challenging global economic environment." PayPal The digital payments company said in January it was cutting 2,000 jobs, or about 7% of its workforce, as it …

Tech Still Sees Demand Among US Jobseekers Despite Mass Layoffs, Data Shows
1 year, 10 months ago

Tech Still Sees Demand Among US Jobseekers Despite Mass Layoffs, Data Shows

ABP News  

As tech companies continue to slash jobs, the demand for tech positions has not diminished in the US, with eight of the top 10 "best jobs" this year being technology roles. According to data by job portal Indeed, the tech jobs in high demand are full-stack developers at the top spot, followed by data engineers, cloud engineers, senior product managers …

Watch | Business Matters: Will global layoffs jolt India’s IT industry?
1 year, 10 months ago

Watch | Business Matters: Will global layoffs jolt India’s IT industry?

The Hindu  

There has been a slew of layoff announcements in the Western corporate world these past months, gathering pace over recent weeks. E. Balaji, currently Global chief HR officer at TVS Supply Chain Solutions, who has also been a senior leader in the manpower placement industry for more than a decade prior to this position, says fear of reputation loss and …

Tech industry job cuts come rapidly and in big numbers
1 year, 11 months ago

Tech industry job cuts come rapidly and in big numbers

Associated Press  

In just the past month there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely. August 2022 Snap: The parent company of social media platform Snapchat …

IT, startups may cut up to 20,000 jobs in next 6 months
1 year, 11 months ago

IT, startups may cut up to 20,000 jobs in next 6 months

Live Mint  

India’s IT and startup sectors may lay off 15,000 to 20,000 employees in the next six months, battling slowing demand after the hiring frenzy of the last two years inflated salary costs. Over the last year, companies faced the fear of missing out on talent hiring and recruited in large numbers and paid them many folds more than inflation and …

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