https://qz.com/1152683/indian-it-layoffs-in-2017-top-56000-led-by-tcs-infosys-cognizant/>One of the top employment generators until a few years ago, India’s $160 billion IT industry laid off more than 56,000 employees this year. Some analysts believe this spree was worse than the one during the 2008 financial crisis. Meanwhile, hiring plummeted, with entry-level openings having more than halved in 2017, according to experts.>In the long run, automation may increase the number of jobs available for workers with niche skill sets. But lower-level workers will continue to suffer. Nearly one-third (700,000) of the low-skilled workers in India’s IT sector stand to lose their jobs by 2022, a recent report (paywall) by market analysis firm HfS Research says. Less than 5% of Indian techies are equipped to handle high-skilled jobs.
India has a population of around 1.3 billion. Even if you laid off 1 million of them in the IT sector, all their relatives will replace them and be twice as pajeet, dumb soyboy.Hail Hyderabad.