Mass layoffs brewing in IT sector amid uncertainties !!
BENGALURU : The information technology (IT) industry is laying off thousands of employees across the globe, including in India, on grounds of non-performance, lack of projects and rightsizing the workforce as pressure mounts on firms because of an uncertain business environment. Global IT companies have gradually reduced their headcount in last two years as they embark on automation and related technologies. The covid-19 crisis may have accelerated all these process as newer challenges have emerged for these firms. International Business Machines (IBM) Corp. is laying off about 2,000 employees globally as the company…