Tech Layoffs Trending Again After Big Firms Announce Job Cuts | What Experts Think About India

Tech layoffs are once again trending on social media as major IT companies announced job cuts in the first month of the new year, fueling uncertainty among employees and fears of a recession. Google is the latest to lay off 12,000 employees, or about 6 percent of its workforce, while Microsoft said it would cut about 10,000 jobs, which is close to 5 percent of its workforce. Similarly, Wipro also said that it had to terminate 452 freshers on the basis of performance. According to reports, companies like Amazon, Vimeo and Salesforce laid off 30,611 employees in the first six days of January. internal perspective Amidst the respective scenario across the world and in India, Rajarshi Bhattacharya, Chairman and Managing Director, ProcessIT Global, told News18 That most of the Indian companies who are working and providing services in the Indian market need not worry as the market demand is increasing in the country. But he also said that there was a “fear of an impending global recession” and that multinationals India Deciding to cut jobs. “Some companies are laying off employees as they are unable to sustain themselves and do not want to bear the burden of additional manpower, which
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