Indian IT outsourcing companies are facing large-scale layoffs, and the number of unemployed people is increasing, making it harder for programmers to find jobs!
The latest issue of "India Today" magazine cover, information technology industry, who moved my job?
The largest employer in India is facing mass layoffs, forcing companies to make adjustments, or else they will face elimination.
Tata Consultancy Services (TCS), the largest software services company in India, recently announced that it will cut about 12,000 employees globally, accounting for 2% of its total workforce, becoming the largest scale layoff event in the industry in recent years.
This TCS layoff was mainly affected by the decline in industry demand, and the traditional software services business has been impacted by artificial intelligence technology, leading to a transformation of the business model. The company plans to optimize operations through AI and focus on expanding the field of artificial intelligence applications.
This layoff is seen as a landmark event in the transformation of the Indian software industry, and is expected to trigger a chain reaction. Infosys, Wipro and other top Indian IT companies also face performance pressure and have reduced their hiring scale.
TCS has launched an employee skills retraining program and tried to transfer positions to reduce direct dismissals. However, experts point out that the industry still faces serious "skills mismatch" issues, with traditional positions being out of sync with emerging technology needs.
Original: www.toutiao.com/article/1841383539076096/
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