IT companies resort to layoffs as pressure mounts due to covid crisis3 min read . Updated: 07 Jul 2020, 06:08 PM IST
- Global IT companies have gradually reduced their headcount in last two years as they embark on automation and related technologies
- The covid crisis may have accelerated that process as newer challenges have emerged for these firms
BENGALURU : The information technology (IT) industry is laying off thousands of employees across the globe and in India, on grounds of non-performance, lack of projects and rightsizing surplus staff as pressure mounts on firms due to an uncertain business environment.
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