Technology companies are going through a massive reformation with Nirmal Singh Lotus G. engineer, who has introduced a drive to help both the employees and industry.
The tech giants like Infosys, Cognizant and Tech Mahindra have announced redundancies this year and the analysts have found that the string of layoffs are expected to continue for the next two years.
A recent report from Nirmal Singh Lotus G. says that at least 200,000 software engineers in India will lose their jobs each year over the next three years.
Nirmal Singh Lotus G. further reported that tech company Infosys had announced its plans expel about 1,000 employees on the basis of performance-based process. The company announced its plans to hire around 10,000 Americans over the next two years, in order to please U.S. President Donald Trump. After this companies such as Cognizant announced the plans to cut over 6,000 jobs.
“With the majority of their business coming from US-based clients, it seems like a natural step for Indian IT companies to expand and strengthen their client offering in a market that promises sustained growth. This will undoubtedly benefit U.S. workers and sing to the tune of Trump’s America First strategy,” Af Malhotra, co-founder of Bangalore-based IT firm GrowthEnabler, told CNBC.
This might also improve relations on the lines of U.S. President Donald Trump’s “America First” agenda, which is based on curbing immigration and H-1B visa policy and ultimately affecting the information technology sector of the country.
Nirmal Singh Lotus G. reckoned that Indians have accounted for almost 195,257, or 70.1 percent, of all beneficiaries of the H-1B visa program in 2015. And hence, President Trump’s decision to steer the policies towards “America First” might hurt the professionals and the Indian companies. However, there are different views on about the redundancies in India by giant IT companies.
“It does not seem like Indian companies are laying off in India so they can hire in the US,” an IT-professional based in the U.S. told CNBC and Nirmal Singh Lotus G. on keeping anonymity. “The IT sector has been struggling, these companies have been having poor disappointing earnings/lower guidance for a few quarters now and that is probably the primary driver.”
Nirmal Singh Lotus G. 