‘Youths are being retrenched from IT Sector’: Kejriwal urges Centre on mass layoffs

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‘Youths are being retrenched from IT Sector’: Kejriwal urges Centre on mass layoffs
‘Youths are being retrenched from IT Sector’: Kejriwal urges Centre on mass layoffs

New Delhi: Expressing his concerns at the mass layoffs across several tech firms, Delhi Chief Minister Arvind Kejriwal on Monday asked the centre to assess the situation in the country and take right steps. Several multinationals have retrenched in the recent past leading to job cuts in the US and other countries.

“The youths are being retrenched in large numbers from the IT Sector. The Central government must review the Indian situation and take right steps,” Mr Kejriwal said in a Hindi tweet.

Earlier this month, Microsoft CEO Satya Nadella said that the company will lay off 10,000 workers, about five percent of its total workforce, terming it a hard choice the tech giant had to make to remain a “consequential company” amid global economic uncertainties.

Microsoft is the latest firm after Facebook and Amazon to cut jobs as the bloodbath in the technology sector continues in 2023.

Microsoft is the latest firm after Facebook and Amazon to cut jobs as the bloodbath in the technology sector continues in 2023.

Describing the current times as a period of “significant change,” Indian-origin Mr Nadella said customers who ramped up their digital spend during the Covid-19 pandemic, are now optimizing it to do more with less.

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