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
People in the know said the total number of layoffs in the IT industry is likely to be more than 50,000 in 2019.
Raising the issue in Lok Sabha, Baalu said 14 million people were earning their livelihood through the IT sector and it has seen rapid growth and contributes substantially to exports
The move was aimed at attracting more software professionals from countries like India, he said
A Nasdaq-listed IT services firm, Cognizant had said last week that it was planning to cut around 13,000 jobs
The state government is keen to rope in IT and BPO (Business Process Outsourcing) firms who are keen to expand footprint but mindful of the costs of organic growth
Jobs will be added in Oracle's software development hubs in Seattle, the San Francisco Bay Area and India
Company officials estimate that the IT sector has been able to register a net growth in job creation despite high attrition levels
Around 85,000 employees added on net basis, highest in six years
The survey has reported a positive net employment outlook of over 52 per cent for the period April -September 2018