Tech Mahindra joins Infosys-Wipro pink slip club, sacks 1,000 staff

Firm says nothing new about it, laggards weeded out every year, this year is no different

Software services firm Tech Mahindra has sacked a thousand-odd employees this month, following moves by Wipro, Infosys, and Cognizant to trim workforce amid the worst business crisis in nearly a decade.

Indian information technology (IT) firms are witnessing their slowest growth in a decade due to automation, technology shifts, and increased protectionism in its main markets. Global firms are shifting their budgets from traditional IT services to newer areas such as digital and cloud, which require engineers to engage with clients than work remotely. Also, low-end maintenance work is getting increasingly automated, forcing companies to shift workers to other projects and