Mid-level IT jobs to be axed: After Infosys, other firms have no choice but to shed workforce – The Financial Express
Information technology companies in the country have no choice but to lay off at least five to ten per cent of their middle-level staff to ward off margin pressure and become more agile, IT industry veteran V Balakrishnan said on Thursday. The middle-layer accounts for about 20-30 per cent of the total workforce of IT companies