NDTV·2 min read·medium
Opinion: Opinion | Age Of The Pink Slip: India's Brutal IT Layoffs Are No Longer About Cost-Cutting
✦AI Summary
Major Indian IT firms including TCS, Infosys, HCLTech, and Wipro have shifted from aggressive hiring to significant workforce reductions. This trend marks a departure from previous growth patterns in the sector.
The four biggest IT firms, TCS, Infosys, HCLTech, and Wipro, removed a net 9,100 people in the April-June quarter this year. A year earlier, in the same quarter, they had added 22,622.
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