2 lakh (IT) job cuts per year?

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2 lakh (IT) job cuts per year?

Post by confuzzled dude on Sat May 20, 2017 7:37 pm

BENGALURU: Executive search firm Head Hunters India today said the job cuts in IT sector will be between 1.75 lakh and 2 lakh annually for next three years due to under-preparedness in adapting to newer technologies.

"Contrary to media reports of 56,000 IT professionals to lose jobs this year, the actual job cuts will be between 1.75 lakh and 2 lakh per year in next three years, due to under- preparedness in adapting to newer technologies," Head Hunters India Founder-Chairman and MD K Lakshmikanth told PTI, analysing a report submitted by McKinsey & Company at the Nasscom India Leadership Forum on February 17.

McKinsey & Company report had said nearly half of the workforce in the IT services firms will be "irrelevant" over the next 3-4 years.
http://economictimes.indiatimes.com/tech/ites/it-to-layoff-up-to-2-lakh-engineers-annually-for-next-3-years-head-hunters-india/articleshow/58670563.cms

Har Har Modi! Make in India Modi! Saviour Modi! Lord Modi! What are you doing about it?

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