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IT companies are likely to suspend fresh hiring this year, says Mohandas Pai

India covid-19 pandemic information
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BENGALURU : India's information technology services industry would see hiring freeze this year and senior level staff taking a 20-25% salary cut due to the adverse impact of the COVID-19 pandemic, says IT industry veteran T V Mohandas Pai.

The former Chief Financial Officer of IT services major, Infosys Ltd, said the IT industry has done a "fabulous, unbelievable and remarkable" job in transitioning more than 90% of its employees to work from home.

It has achieved this task by setting up infrastructure at home, taking permission from their clients, and making sure that "security and oversight are there." The Chairman of private equity fund Aarin Capital and Manipal Global Education said 25 to 30%, may be more, of employees of IT companies

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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