Auotmation has become the new norm
McKinsey & Company report said half of IT workforce will be irrelevant over the next 3-4 years
The New Democratic Labour Front (NDLF) IT Employees Wing, a trade union, plans to hold a protest march next week in Chennai against what it calls unjustified sacking of employees by IT services firms. It also plans to represent around 20 employees who have lost jobs from IT firms with the Tamil Nadu labour department. The protest also looks to rally more workers from IT companies, which are facing their worst challenge in close to a decade, and demonstrate solidarity for engineers who have been laid off. The organisation alleged that they have information that companies including Cognizant, Wirpo, Tech Mahindra, IBM and Capegemini are sending out large number of employees. "We have been contacted by employees of many of these companies and in solidarity with those employees we are planning conduct a demonstration from 5 pm to 7 pm on May 18, at Chennai Old Mahabalipuram Road, which is the IT hub in the city," said Kumar S, working with NDLF IT Employees Wing.The union alleges that ...
According to reports, the 7 biggest IT firms operating in India are set to let go of 56,000 workers
Tech Mahindra recently fired close to 1,000 employees; Wipro was the canary in the coal mine
Wipro, Infosys, Tech Mahindra, Cognizant and other IT majors are handing out pink slips
Indian IT service providers such as Infosys and Wipro have tightened performance appraisals for employees, weeding out non performers, as they see business slow for traditional services, technology shifts towards digital and growing protectionism in their main markets.Wipro, India's third largest software exporter, has a programme Band Inertia, that looks at scrutinising employees for performance in the same band for longer periods, identify gaps to reskill and mark out those who are unable to upskill with newer technologies. "It is the first reflection of who you are, people got stuck in the same band for 7-8 years. The individual is not expecting to grow. If you are good, you get promoted or get another job somewhere else," Saurabh Govil, Head of Human Resources, Wipro, told Business Standard in an interview. "There are some people who continue to be here (in the same band) and be happy and they are getting impacted." Wipro says it upskills engineers in newer technologies such as .