The sudden slowdown of IT firms can have repercussions more surprising than you thought. Due to the overall economy slowdown , advent of artificial intelligence and Trump’s intriguing H1-B Visa orders have shaken up the IT community of India and abroad.
Wipro, the IT giant sacked 600 employees after a performance appraisal. The trend of automation has replaced the mechanic and labour jobs which has made employees force redundant and indifferent to the company’s growth.
In 2016, Infosys sacked around 8000-9,000 due to the advent of automation “We have been releasing about 2,000 people every quarter and also training them in special courses that will help them in their new assignments,” Krishnamurthy Shankar, Human Resources said.
Capgemini’s India chief executive Srinivas Kandula had already warned all the job-seekers and apprised the IT companies that the year will witness a major high-end job losses at the middle and senior levels. “I am not very pessimistic, but it is a challenging task and I tend to believe that 60-65 percent of them are just not trainable,” he said.
Kandula spelled out: “A large number of them cannot be trained. Probably, India will witness the largest unemployment in the middle level to senior level.”
“It is important to know that there is a continuous process of hiring and training that is going on in the IT firms. The idea is to be a value-added and tech-intensive company from being just labour-intensive firm.”
Kandula highlighted that India is a flexible model. “Indian companies are very well suited to move from one model to another. The challenge for India is for these companies and new ones to ramp up for which more people will be hired,” he claimed.
While Wipro has maintained that it’s decision to sack 600 employees is a normal and routine activity to ensure that the workforce works effectively.
