There is nothing like layoff in Indian IT. Only induced resignation under threat of being labelled incompetent.
This method evolved by Nasscom to keep the negative publicity at bay.
These guys are trying to fool the government into giving more incentives and avoid taxes.
Seems IT. Firms made huge donation to political parties and doled huge ads to media houses to cover this huge management failure and lack of strategic planning in Indian IT CEOs.
How come they did not anticipate the impact of Automation and cloud for the last 10 years.
Profit mongering behind theses forced staff exits.
All low salaried fools being retained if u take. Closer look.