![]() ![]() As companies realign with the modern realities of slow growth and static revenues, we expect to see some of the mid-tier positions giving way to those at lower levels. ![]() “In fact, we see early trends of some of this happening. The question though remains whether these companies would jiggle their workforce to an extent where some of the high-cost staff fall off and can be replaced by lower cost ones. There could be an immediate impact in the wake of layoffs announced by global Big Tech companies such as Amazon, Microsoft, Google, Meta and Salesforce to take a few examples. ![]() Some expect between 30% and 40% of such jobs to land in India while others are more circumspect. The currency arbitrage process appears to be back in business as some industry experts we spoke to believe that many of the technology companies such as Tata Consultancy Services, Wipro, Infosys and others could benefit from the large scale layoffs. Now, there is a view gaining ground that over a third of these jobs could land in outsourcing hubs. As many as 300,000 such jobs were said to be snipped away by both large and small enterprises in these geographies. ![]() Ever since the macroeconomic headwinds took the North American and European economies on a downward spiral, technology jobs have been on the line. ![]()
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