IT To Witness Less Staff Addition This Year

With dropping demand in IT business and a bleak economic situation, the Indian IT industry is likely to witness between 50,000 to 75,000 job losses this year while net staff additions in the sector are expected to be less. Nasscom, the premier trade body and the chamber of commerce of the IT-BPO industry, has said that this year the number of direct employment by the IT sector would touch 2.23 million with the demand for engineers decreasing gradually. TCS had a net addition of 18,452 people in the financial year (FY) 2009 as against 22,116 in the last fiscal. On the other hand, Infosys added 13,663 people during FY09 as against 18,946 in FY08. Wipro, across its IT services, products & BPO divisions, added just 2,243 people in FY09 as compared with 18,227 in the previous fiscal.

Source - Financial Express