India’s IT sector may see mass layoffs as demand outlook remains weak

• Wednesday | 8th July, 2020

Instability across the global information technology sector, which employs a large pool of fresh college graduates, has been laying off thousands of employees in the wake of the coronavirus pandemic. IT companies in India, too, have resorted to layoffs, though they have been linked to non-performance. Many IT employees in India are being sacked on grounds of non-performance, while some are being sacked due to lack of projects. However, the underlining reason that has triggered a fresh wave of IT layoffs seems to be related to downsizing workforce in an uncertain business environment, reports livemint.com.