Perspective: Layoffs of IT Professionals | 24 January, 2023

Sansad TV
In this episode of the Perspective Prog. Based on ‘Layoffs of IT Professionals’. In just the past month there have been nearly 50,000 job cuts across the technology sector. A string of companies, including global tech giants have been slashing jobs one after the other. Google, owned by parent company Alphabet, has announced it’s going to lay off 12,000 people. Microsoft is cutting about 10,000 jobs, which is almost 5% of its workforce. Amazon plans to lay off more than 18,000 employees, primarily in its human resources and stores divisions. Meta, the parent company of Facebook laid off 11,000 people, about 13 per cent of its workforce. Twitter has let go about 7,500 of its employees since the social media platform was acquired by Elon Musk. As a result of the massive lay offs, thousands of Indian IT professionals in the U.S. are without jobs…now struggling to find new employment within the stipulated period under their work visas following the termination of their employment to stay in the country. As per news reports, nearly 2 lakh IT workers have been laid off since November last year, including some record numbers in companies like Google, Microsoft, Facebook and Amazon. Why this is happening? What are its implications on those who’ve been hit hard by the layoffs? What does it mean for the global digital business?

Anchor:- Teena Jha
Producer:- Sagheer Ahmad
Guest Coordinator:- Anshuman, Vishwa Pratap Singh

1. Khande Rao Kand, Director, Foundation for India and Indian Diaspora Studies (FIIDS), USA & President, Global Indian Technology Professionals Association (GITPRO)
2. Harpreet Singh Saluja, Founder President, Nascent Information Technology Employees Senate
3. Jitendra Nath Mishra, Former Ambassador

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