The tech layoffs this year have exceeded the job cuts the sector faced globally during the financial crisis of 2008-2009 triggered by the Lehman Brothers’ collapse
Topics
layoff | IT layoffs | IT industry layoffs
Illustration: Binay Sinha
For the past several days, 42-year-old Rahul Chavan’s (name changed) two children have been asking him why he changed his job. “I don’t know what to tell them,” said Chavan, who is among the 400-plus employees who were recently laid off by global fintech software provider Fidelity National Information Services (FIS) as part of its plan to restructure its business in India.
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First Published: Thu, December 29 2022. 18:58 IST