More than one million
"Some companies will be lot more aggressive (more people will work from home), the smaller the companies lot more aggressive they will be, so that they can save significantly in terms of rental costs."
The former CEO and Managing Director of Infosys said he does not see job losses in the IT sector but "I dont see recruitment happening."
"That's going to hurt people who passed out this year and may be next year."
"Yes, that's one way you can actually avoid layoffs," he said on possible salary cuts. "Everybody takes a small salary cut. When the whole economy is in decline, we are going to see zero growth or muted GDP growth this year; so, that will have impact on compensation and recruitment."
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