Friday, 24 March, 2023

Indian IT cos forced to shed 5-10% of mid-level workforce: Ex-Infy CFO V Balakrishnan

<p>IT industry has accumulated fat in the middle layer and has no other option but to layoff&nbsp;5-10 % of the employees to be more agile, said IT veteran V Balakrishnan. He also said that these people will be replaced by the workforce having a good understanding of new-age digital technologies. &ldquo;They have to get rid of some of the employees, who are more on the legacy, and try to attract talent which is more digital, that has to happen, there is no choice&rdquo;, former CFO of Infosys said. The middle-layer accounts for about 20-30% of the total workforce of IT companies.</p> <p>&nbsp;</p>