India's IT industry has moved nearly two thirds of its 4.36 million workforces to work from home
By MYBRANDBOOK
The Indian IT Industry is the driving force behind the booming economic growth and employment in the country. The business slowdown initiated by the pandemic resulted in the IT sector in India witnessing massive layoffs, pay cuts and hiring freeze.
Most Indian IT services giants such as Infosys, Cognizant, Tata Consultancy Services and Wipro who happen to service the US retail sector, because of the pandemic, have been facing a major slump in business for quite some time. Now these US retail companies are planning a hefty cut in their IT services budget which, in turn, will definitely further hurt the Information Technology companies of India.
The next three to four months overall IT support budgets of US retailers could drop by 50%-70% as most of them are looking to shift to aggressive cost-cut programs. The adverse effect of the US retail Industry has started impacting the IT industry in India.
Hopefully, the world will recover from the shocks of massive loss of business, livelihood and life due to this pandemic and its aftermath. However, as the experts say the world will never be normal again and social distancing, touch less services, restricted travel ,work from home etc. will be the new normal.
Google promotes Sanjay Gupta as APAC President
Sanjay Gupta, who is the present Country Manager - India for Google has be...
Supreme Court verdicts against NEET Re-Examination
The Supreme Court declared that there will be no retest for the NEET-UG e...
Government brings in three employment-linked incentive program
The Finance Minister unveiled three new incentive programs in the Union ...
Amazon may soon launch new AI-powered Alexa
Amazon has been previewing an all-new Alexa which will be based on a new l...
ICONS OF INDIA : SANJAY GUPTA
Sanjay Gupta is the Country Head and Vice President of Google India an...
Icons Of India : AMIT CHADHA
Amit Chadha serves as the CEO and Managing Director of L&T Technology ...
Icons Of India : Arjun Malhotra
Arjun Malhotra, the Chairman of Magic Software Inc., is widely recogni...
STPI - Software Technology Parks of India
STPI promotes and facilitates the growth of the IT and ITES industry i...
HPCL - Hindustan Petroleum Corporation Ltd.
HPCL is an integrated oil and gas company involved in refining, market...
TCIL - Telecommunications Consultants India Limited
TCIL is a government-owned engineering and consultancy company...
Indian Tech Talent Excelling The Tech World - Rajiv Ramaswami, President & CEO, Nutanix Technologies
Rajiv Ramaswami, President and CEO of Nutanix, brings over 30 years of...
Indian Tech Talent Excelling The Tech World - Soni Jiandani, Co-Founder- Pensando Systems
Soni Jiandani, Co-Founder of Pensando Systems, is a tech visionary ren...
Indian Tech Talent Excelling The Tech World - Steve Sanghi, Executive Chair, Microchip
Steve Sanghi, the Executive Chair of Microchip Technology, has been a ...