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IT Workers Layoff: Squeezing Out the Profit

The repercussions that the IT sector is facing from protectionist governments in the US and Australia have been far underestimated.
IT sector

Image Courtesy: Rebel Politik

As we know, there have been massive job cuts in the IT sector. One of the reasons for this retrenchment is automation in IT industry. The global leaders, especially U.S, have started adopting a protectionist policy for their countries. As a result, they are also altering the way jobs are outsourced to India. The government has been depending on the US economy for job opportunities rather than building it in India itself.

Disclaimer: The views expressed here are the author's personal views, and do not necessarily represent the views of Newsclick

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