How do you evaluate the growing layoff trend and decode the underlying circumstances in Indian context?
SJ It is important to understand that layoffs can occur for various reasons, including changes in business strategy, restructuring, mergers and acquisitions, economic downturns, and automation.
In the Indian context, there have been reports of layoffs in various sectors, including the IT sector, due to factors such as automation, changing business models, and the COVID-19 pandemic. However, the extent and impact of these layoffs may vary depending on the specific circumstances of each case.
As for the impact of global layoffs on India’s IT sector, it is possible that the sector could be affected if there are significant job losses among the major global players who have a presence in India. However, the extent of the impact would depend on the specific companies and the nature of their operations in India, as well as the overall demand for IT services in the global market.
Evaluating the growing layoff trend in...