An Infosys board (File Photo) An Infosys board (File Photo)A combination of slowing growth and increasing automation is compelling India’s IT sector to lay off employees in numbers not seen before. Cognizant is understood to have let go of some 2,000 people or approximately 2.3 per cent of its workforce. Together, the top half a dozen firms could see lay-offs of close to 20,000 or higher, industry observers said. The other difference in the lay-offs this year is that many of the employees are at the senior level. The industry is now expected to grow in single digits with Nasscom projecting growth at sub-9 per cent for the current year.

Source: Indian Express May 12, 2017 20:59 UTC