(Picture used for representational purpose only) The Information Technology industry in India is in the process of laying off thousands of its employees. The sector that symbolises the emergence of new India is expected to show the doors to over half a lakh employees thus fuelling a sense of despair in the Indian middle class that saw in it a hope and aspiration for their youth.
The industry circles attribute this to two reasons – the trend of automation and the protectionism pursued by the new dispensation in US.
Though these factors cannot be ruled out for the current jolt in […]
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