Increasing number of layoffs by information technology (IT) firms along with the recent proposal by the US government to end extension of H-1B visa for people waiting for green card is giving jitters to techies back home.
The H-1B visa is a non-immigrant visa that allows US- based companies to employ foreign workers, typically for three to six years, in various sectors that require theoretical or technical expertise.
Once India's global claim to fame, the country's information technology (IT) sector is seeing a spate of layoffs by IT majors like Tech Mahindra, Wipro, Infosys and Cognizant.
The churn in the IT sector — which is moving towards increasing automation, use of artificial intelligence and is beset by tightening visa regulations — is likely to affect mid-level employees with 10-15 years of experience the most, as many are averse to learning new skills, industry experts have said.
Fearing tighter US visa regime, the Indian IT firms like Infosys, TCS rush to hire, acquire indiatimes.com
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Automation puts at risk to low-skilled jobs, nearly one in five employees may lose their jobs in next five years says US research firm HfS Research.
Due to the trend of automation in IT industry is experiencing the rising competition. Automation has already involved in Indian IT sector. It has put risk to 6.4 lakh low-skilled jobs.