Software services firm Wipro is reported to have fired 600 employees as part of its annual performance appraisal. This comes nearly a month after Cognizant was reported to be planning to fire more than 6,000 employees as part of its regular appraisal cycle this year.
An Assocham report says if the US restricts visas to IT workers, it would lead to major layoffs in Indian IT companies. While IBM has laid off hundreds of workers, Cisco and Microsoft too have announced layoffs all over the world. The job uncertainty has certainly dented the image of the industry.