Thread regarding Infosys layoffs

As layoffs pile up, we expect more pain

More cuts, more pain and we are just starting with layoffs. Execs will want to tell you that it's just a blip, a minor correction, but what we are seeing is a shift to the cloud where there is a less and less demand for IT workers as things are hosted in the cloud. Read this:

Hyderabad: Hiring in the information technology sector in India is intact, senior industry figures said, discounting reports of reduced employment opportunities in the second half of the current fiscal for IT professionals.

They said with IT companies continuing to grow, there is nothing abnormal on the recruitment front and added survey reports talking about hiring intentions slackening in the October 2017-March 2018 period don't reflect ground reality.

SOURCE: https://www.ndtv.com/business/it-jobs-will-be-steady-wont-dip-feel-industry-leaders-1762036

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Professionals with more than 8 years exp are being blocked through all hiring channels so that their career come to end - This is being done to justify the wrong decision of layoff of performance grounds

thousands of freshers who were given LOIs and not being called by most of tier 1 companies as the cheap tactic to falsely label seniors on large scale as non performer and force them to resign back fired... High greed to maintain high profits and keep guzzling tax payer money in the form of SEZ subsidies and expemptions....

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