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.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.International Business Machines (IBM) Corp.
is laying off about 2,000 employees globally as the company reshapes its business. While the impact on its India employees is not clear, it is estimated that few hundred would be impacted, as India accounts.