There has been a spate of layoff announcements by information technology companies alongside fears of further downsizing during the year. One of the main reasons for downsizing is that many technological skills are becoming outdated due to automation, leading to redundancy.Source: ET
The Forum for IT Employees members met the Minister at Vikasa Soudha here and appealed to him to intervene to stop, what they called, "illegal layoffs by IT companies". The forum claimed 56,000 layoffs across the country.Source: NDTV
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