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"Big layoffs in India's IT sector: Techies protest sacking by Cognizant, seek government intervention"
India's software companies like Wipro and Infosys are in the process of laying off employees on a massive scale, the Times of India reported. The move has come after the growth in India's 150-billion dollar IT industry has slowed down more than anticipated.
Earlier in April, country's apex trade body ASSOCHAM had warned about industry's growth prospect and said: "Aggravated by rising rupee leading to lower realizations for software exports, the Indian IT firms may be forced to displace work force. In that case, the chances of layoffs are real."
Barely a week after this warning, India's third largest software services firm Wipro fired hundreds of employees as part of its annual "performance appraisal". Wipro laid off around 600 employees, while many predicted that number to go as high as 2,000.
(Source: http://www.businesstoday.in/buzztop/buzztop-corporate/big-layoffs-at-wipro-infosys-cognizant-its-mayhem-in-indias-it-sector/story/251707.html)
The big layoff in India due to AI has raised a lot of fucking questions.
Will programmers lose their jobs to AI? How to survive in this not-so-secure landscape?
Will Computer Take Over Our Jobs?: https://www.youtube.com/watch?v=kp5rvG1f5lA
10 Steps To Learn Anything Quickly: http://simpleprogrammer.com/10stepstolearn
When You End Up In A Squeeze Situation...: https://www.youtube.com/watch?v=23OTZZzNf5c
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