IT Layoffs

Elon Musk on Wednesday said that he bought the microblogging platform Twitter

Elon Musk on Wednesday said that he bought the microblogging platform Twitter

Accenture has a global workforce of around 513,000 people and out of them about 200,000 are in India

In a Q&A, Ashu Suyash of Crisil says these companies from across 55 sectors have a wage bill of Rs 12 trillion and are at risk if urban demand does not pick up

With job losses and redundancies looming large, firms have taken to the idea of reskilling their workforce with gusto

As many as 7,000 graduates including engineers have applied for 549 posts of sanitary workers advertised by the Coimbatore City Municipal Corporation after which Stalin called for intervention

There might be many humane examples of companies parting ways with their talent

Newer skill demand, increasing automation and regulatory pressure to threaten India's position as a major talent base

There have also been reports of mass layoffs by various companies

Nasscom, the apex body of IT companies in India, has said that while the per capita employment in the IT sector is declining, the employment opportunity in technology outside the technology sector is increasing. The industry body is looking at researching the impact of technology in other areas, said R Chandrashekhar, president of Nasscom.In a panel discussion on Trends in IT industry, organised by the Southern India Chamber of Commerce and Industry (SICCI) in Chennai, he said, that due to automation and others, the per capita employment is gradually declining. In absolute terms as well, the total quantum of employment in the IT sector is down from the peak of 240,000 people on a net basis, now it is 130,000-150,000."It looks as if the employment opportunities have shrunk. The reality is employment opportunity in technology outside the technology sector has become much more important, because technology has become more pervasive... We are looking at researching what is the impact of ..

Instead, the Nasscom head said that the rate of growth of jobs had fallen across the IT industry

Driven by young workers, smaller global firms stepped up hiring in India to grow digital business

Nasscom, McKinsey India found that 50 to 70 per cent of workers' skills would be irrelevant by 2020

Most layoffs are taking place in segments like IT infra support, testing and software development

With the recent IT layoffs taking a toll on mental wellbeing of professionals, startups and talent acquisition firms are stepping in to offer much needed respite in terms of counselling and career guidance, apart from providing key linkages. Finding an increasing pool of professionals being dismissed, especially in the information technology (IT) sector, start-ups and others are improvising to offer emotional support and career guidance. For instance, Bengaluru-based YourDOST, founded by IIT and NIT graduates Richa Singh and Puneet Manuja, is launching a 'Fired to Fired Up' campaign for laid-off IT employees. It will be offering free counselling services on its platforms in the initial period.Similarly, staffing and talent acquisition firms Collabera and Head Hunters are assisting with career mapping and a bit more."We have been seeing people laid off from IT jobs seeking not only new jobs but also some emotional support or counselling. But, are shy to approach psychologists. For ..

Priyank Kharge says he also needs to consider employers' side of story, calls for re-skilling staff

The Forum for IT Employees claimed 56,000 layoffs across the country

Karnataka IT minister Priyank Kharge said the State Government could intervene to solve issues between employees' forum and IT companies. "We will help them understand the State laws. I have told them to come together instead of multiple associations approaching me and know the existing laws and then we can call industry players and have a way out. I cannot have lopsided policy. There should be conducive environment for both investment and employment," said Kharge here after the Bengaluru chapter of Forum for IT Employees (FITE). The forum has sought Karnataka IT minister's intervention to "set up an inquiry" on "the effect of layoffs on IT women employees" and said the women employees in different IT services firms are "easy targets" for "forceful resignations". Members of this forum submitted a letter to the minister with five key demand and claimed that companies were using "under-performance" as an excuse for "layoffs". The forum also demanded that the IT services industry's .

PSG College of Technology has invited IT firms and external agencies to conduct training

FITE has already approached labour commissions in Chennai, Hyderabad and Pune