10-08-2018

Why 6lakh IT professional jobs are on the brink

News

It sector should witness nearly 1.75 lakh to 2 lakh job cuts per year in the next three years due to the slag in adapting to new technologies. McKinsey & Company report had said nearly half of the workforce in the IT services firms will be "irrelevant" over the next 3-4 years.  IT industry employes 3.9 million people, with the new advancements in technology they have to retrain the employees. So most of them concluded to keep half of the workforce and 1.75 to 2 lakh jobs cuts may likely to happen.