IT Sector Layoffs: There are going to be massive layoffs in the IT sector of the country. According to an estimate, by the end of this year more than 50,000 employees may have to lose their jobs. This number can also go up or down.

According to the Times of India report, about 25,000 people lost their jobs between 2023 and 2024. This year this number may double. To reduce their workforce, companies are adopting many tactics, such as sometimes firing people on the grounds of inadequate performance, sometimes delaying promotions or requesting voluntary resignation.

More people will be evacuated now

Recently, big IT companies like TCS and Accenture announced large-scale layoffs. On top of that, TCS also plans to lay off about 12,000 more employees by March 2026, which is 2 percent of their total workforce. At the same time, Accenture has laid off 11,000 of its employees worldwide between June and August.

Phil First, CEO of US-based HFS Research, told Times of India, this year many big companies secretly laid off many people. Neeti Sharma, CEO of Teamlease Digital, estimated that the number of IT professionals affected by layoffs could increase to 55,000-60,000 by the end of the year. In this era of Artificial Intelligence (AI), companies are laying off employees and taking the help of technology for their work.

Why are layoffs happening?

Companies in India are adapting themselves to the era of AI transformation. Ways of working are changing. By adopting AI, not only cost cutting is being done, but it is also a strategic change.

Apart from this, there are many other reasons for layoffs in the company such as geopolitical tension, America’s immigration policy, increasing cost of H-1B, etc. According to a Times of India report, companies with expertise in cloud computing, data analytics, AI and digital transformation are adapting to this change more successfully, while traditional outsourcing companies are facing the most disruption.

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Accenture layoffs: The impact of Artificial Intelligence (AI) is also visible on the Global Consulting firm Accenture. The company has trimmed more than 11,000 employees worldwide. This step has been taken at a time when the companies that have been rapidly their work in Artificial Intelligence are changing their functioning and decreasing their workforce.

More people will be removed from work

A report by the Times of India on Saturday stated that the impact of retrenchment on technology and consulting industry is being seen on a large scale as companies are changing their workforce structure and business pre -facilities due to rapid adoption of AI.

The company has trimmed such a large number of employees in the last three months. The company has also said that if the workers are unable to rescue themselves according to Artificial Intelligence (AI), then the sorting can be more.

Need to adopt change in technology

CEO Julie Sweet has clarified this, saying that instead of rescuing its workers, the company deemed the trimming of the employees more correct. He said, “There is a time of change in technology, where you need to train and have to adopt new systems.”

In late August, the number of employees in the company was 7,79,000. While three months ago there were 7,91,000 employees. The company said that in the last quarter, $ 615 million was spent on other things including Severns and $ 250 million more in the current quarter. In fact, on Thursday, the company detailing a $ 865 million re-structure program.

Time is changing

However, where it is true that where thousands of employees are leaving their jobs. At the same time, the company is also emphasizing on the work of workers. Accenture is working to train more than 7,00,000 employees worldwide in agent AI. This investment of the company on training the employees shows its confidence that the coming time is of the scalable intelligence system, which take automatically and work accordingly.

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