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Sat, Oct 21, 2017 | Last Updated 8:47 am IST

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IT industry ready to face a major crisis... More jobs will be lost as recession hits!

IT industry ready to face a major crisis... More jobs will be lost as recession hits!
IT industry ready to face a major crisis... More jobs will be lost as recession hits!
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It's just a piece of cake to sack IT employees these days. Recently, Cognizant sacked around 400 employees from its IT sector and that shocked everyone. Most of them who are sacked are Senior level employees.


IT industry ready to face a major crisis... More jobs will be lost as recession hits!


Now, as per reports, this ratio would increase further in coming months. A report says many Senior level employees will be sacked before February 2018 in CTS. Similarly, Infosys also has planned to sack 1000 senior level employees before 2017.


IT industry ready to face a major crisis... More jobs will be lost as recession hits!


There seems to be another big recession in the software field just like the period 2008-2010. A survey says that experienced candidates are not preferred in most of the companies and freshers are the most needed ones. Those who are experienced from 5-10 years are also taken in most of the companies. 

IT industry ready to face a major crisis... More jobs will be lost as recession hits!
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