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 multi nationals 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," 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 per cent 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.
Describing the current times as a period of "significant change," Indian-origin Nadella said customers who ramped up their digital spend during the Covid-19 pandemic, are now optimising it to do more with less.
Where did big tech and startups go wrong on hiring?
Twitter sued for mass layoffs by Elon Musk without enough notice
For tech industry, 2022 was a year of mass layoffs; 2023 likely to be worse
10 mn apprenticeships in 10 yrs: What India needs to solve its unemployment
India jobless rate rises in Oct led by sharp rise in rural unemployment
DGPs meet: China wants to reduce India's influence in Indian Ocean region
Apple targeting to raise India production share to 25%: Piyush Goyal
UK supports India's bid for a permanent seat at UNSC: Top British diplomat
What are 'influencers', and how do companies use them for marketing?
Mangrove cultivation different from agriculture, will attract 18% GST: AAAR
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)