7 top IT firms to lay off 56,000 this year, new tech and Trump’s policies blamed - News Summed Up

7 top IT firms to lay off 56,000 this year, new tech and Trump’s policies blamed


The companies include both Indian and multinational firms with a large footprint in India. The numbers were collated by Mint after extensive interviews with 22 current and former employees across these seven companies. Preparing the ground for layoffs, each of these seven companies has already put a higher number of employees on notice by awarding them the lowest ratings. Spokespersons for Wipro, Infosys and Capgemini termed the numbers cited in this article, in terms of employees being laid off, speculative. Trump’s protectionist policies mean more Indian IT companies are asking Indian H-1B Visa holders to return home.


Source: Hindustan Times May 12, 2017 02:03 UTC



Loading...
Loading...
  

Loading...