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Prolonged lockdown may lead to job cuts in IT industry: Ex Nasscom chief

Chandrasekhar said the work-from-home systems being adopted by several firms across the globe may have a negative impact on the industry in the short-term

service sector, jobs, employment, IT sector
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This coronavirus has forced us to change faster than we were changing, Chandrashekhar said.

BS Web TeamAgencies
India's information technology services sector is facing an adverse impact on the operational front following the outbreak of coronovirus.

Indicating that a prolonged lockdown to contain the spread of Covid-19 may lead to job cuts in the Indian IT industry, Nasscom's former president R Chandrashekhar said that the work-from-home culture may become a positive development in the long run as it opens up newer avenues and saves investments by IT firms.

The former bureaucrat also said startups which are surviving on funds infused by venture capitalists may face tougher situations if the present scenario deteriorates.

"The larger companies may

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