Peter Bendor-Samuel, CEO of Everest Group said that the spike in resumes of mid-management IT professionals makes sense since in order to keep the cost under control IT companies must lay off mid-management employees to allow them to bring on cheap freshers and promote last year’s freshers which are also cheaper than the tenured employees.
“This phenomenon is further exacerbated by the pivot of the industry into the new digital business which requires reskilling workers and moving them from management positions into individual contributor positions.”
