Vinod AJ lost his job in August as a software engineer earning about Rs90k a month with #Cognizant. “The fear factor is everywhere,” said Mr Vinod, speaking from #Chennai, where he lives with his wife and two-year-old daughter.
For 13 years, he has sent money back to his family in (nearby) town of Kanyakumari, where his parents worked as teachers and his grandparents were rice farmers.
Desperation is rising among employees, many of whom were the first generation to go to university and still support families living in rural areas, said Mr Vinod, who also works as general secretary for All India Forum for IT Employees.
“These mass lay-offs are putting fear into junior employees, we are wondering how prosperity and jobs will pick up again,” said Mr Vinod.