Worsening Situation? Infosys, Wipro to Cut Jobs; Middle-level Employees to be Worst Hit | In the News

Peter Bendor Samuel, CEO of IT consulting firm Everest Group, told Times of India the industry growth has slowed and the “arbitrage first” segment (traditional IT services) is in secular decline. “When this is added to the pyramid factory model, which requires new freshers to be brought in every year to keep cost low, it results in an excess of more experienced employees,” he said.

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