Indian IT Firms to Retrench 3 Million Employees By 2022: Report

As per sources, with automation coming at a faster pace across industries like tech space and domestic software firms, around 3 million people are likely to lose their jobs by 2022. This slash of headcount is expected to save companies an enormous amount of USD 100 billion, which they pay off as salaries annually. TCS, Infosys, Wipro and Tech Mahindra are some of the companies which are likely to retrench.