HomeNewsOpinionWhy tech giants are on a sacking spree

Why tech giants are on a sacking spree

The good news is that the adage, ‘’In a gold rush, bet on the companies providing the shovels’’ may apply to Indian IT services companies

January 20, 2023 / 09:30 IST

Job loss | The pandemic has wreaked havoc on the job landscape in India. According the Centre for Monitoring Indian Economy (CMIE) about 21 million salaries employees lost their jobs during April-August. There were 86 million salaried jobs in India during 2019-20. In August 2020, the count was down to 65 million after 3.3 million jobs were gone in the particular month, mostly among the industrial workers and white collar workers, as per the CMIE. (Image: Shutterstock)

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