According to Niti Sharma, CEO of 'TeamLease Digital', this year more than 50,000 jobs in the Indian IT sector are at risk. Major Indian IT companies like TCS, Infosys, Tech Mahindra, and Wipro have started restructuring their teams.
These companies are reducing their workforce as part of operational and technical changes. So far, TCS plans to cut 20,000 jobs, while Infosys and Tech Mahindra together have reduced more than 10,000 positions.