Once India's global claim to fame, the country's information technology(IT) sector is seeing a spate of layoffs by IT majors like Tech Mahindra, Wipro, Infosys
The churn in the IT sector — which is moving towards increasing automation, use of artificial intelligence and is beset by tightening visa regulations — is likely to affect mid-level employees with 10-15 years of experience the most, as many are averse to learning new skills,industry experts have said.
Further, Indian IT firms are witnessing their slowest growth in a decade, while global firms are shifting their budgets from traditional IT services to newer areas such as digital and cloud, which require engineers to engage with clients instead of working remotely. Even as this shift takes hold of the sector, automation
is increasingly taking over low-end maintenance work, forcing companies
to shift workers to other projects and reduce hiring from campuses.