Read more about Carnage in Indian IT? As Wipro fires 500, here is what other cos are doing on Business Standard. Trump's tightening H-1B visa norms, AI and automation are weighing heavy on India's IT workers

1. Carnage in Indian IT? As
Wipro fires 500, here is
what other cos are doing
Trump's tightening H-1B visa norms, AI and
automation are weighing heavy on India's IT
workers
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

2. automation, use of artificial intelligence and is beset by tightening
visa regulations. (Read more)
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.
After 'rigorous performanceREAD THIS :
appraisal', Wipro sacks nearly 500
employees
The real bloodbath could be at Cognizant

3. US-listed IT major Cognizant Technology Solutions, which has a
significant workforce in India, is said to be reducing its employee
count by as much as five per cent, which translates to close to 10,000
workers, as reported in March this year. (Read more)
Globally, the company employs around 260,000 employees, of this
around 75 per cent of the workforce is based in India.
Here too, according to what the company spokesperson told
Business Standard, the layoffs will take place as part of the
Cognizant's performance review process. Typically, the bottom one
per cent of the workforce is weeded out for non-performance, a
common practice across IT firms as part of the annual appraisal
exercise. The appraisal process generally ends by March.

4. This year, the appraisal cycles come in the backdrop of a recent
report by advisory firm McKinsey & Company, which said that almost
half of India's 3,700,000-strong IT services workforce will be
"irrelevant" over the next three-four years. In fact, industry body
Nasscom has also said that both freshers and existing employees
should look at self-learning to stay relevant at a time when
digitisation is causing disruption in the industry. (Read more)