
Job Security Concerns Rise as IT Firms Announce Layoffs.!
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It is said that such decisions are being taken before the prohibition period. At the same time, it is said that some companies are planning to cut the annual salaries along with postponing the salary hike of the employees. Observers say that the condition of IT employees in some companies is dire.
Sachin Bansal's Navi company and Educt Startup Skill Link are ready to send many of their employees home. It is said that 150 to 200 production analytics department employees who are already working in the Navi company have been dismissed due to the market conditions. These steps are reportedly being taken to streamline operations to reduce costs.