Carnage in Indian IT? As Wipro fires 500, here is what other cos are doing


Business-standard reports:

Wipro's move to sack around 500 of its employees as part of its appraisal process is indicative of the churn in India's information technology (IT) sector — which is moving towards increasing automation, use of artificial intelligence and is beset by tightening visa regulations. 

The company is reported to have weeded out "non-performers" after a "rigorous performance appraisal". However, what happened at Wipro is not an outlier, other IT majors like Cognizant, Infosys and Capgemini are also facing their own share of challenges, and moving to either prune or re-skill their respective workforce.  


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