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IT to layoff up to 2 lakh techies annually for next 3-yr: Head Hunters India
McKinsey & Company Report Had Said Nearly Half Of The Workforce In The IT Services Firms Will Be âirrelevant Over The Next 3-4 Years. PTI | Updated on: 14 May 2017, 09:18:04 PM
Bengaluru:
Executive search firm Head Hunters India on Sunday affirmed that the lay offs in IT sector would be between 1.75 lakh and 2 lakh annually for next three years due to under-preparedness in adapting to innovative technologies.
“Contrary to media reports of 56,000 IT professionals to lose jobs this year, the actual job cuts will be between 1.75 lakh and 2 lakh per year in next three years, due to under-preparedness in adapting to newer technologies,” Head Hunters India Founder-Chairman and MD K Lakshmikanth told PTI, analysing a report submitted by McKinsey & Company at the Nasscom India Leadership Forum on February 17.