According to PTI reports, IT major Tech Mahindra is planning on slashing close to 5000 workers from its existing workforce of 38,000 employees, with artificial intelligence and automation rendering many roles redundant. The organisation is now focussing on ways to eliminate the “non-linearity” that exists between revenue growth and total workforce strength.
Despite reporting strong earnings during December quarter of 2020, the IT giant announced a major lay-off. Alongside, plans are also in process of on-boarding fresh engineering and management graduates along with experts in new-age skills. Pipeline plans also talk about recruiting at least a hundred MBA graduates, and those with consumer expertise as well as suitable people to occupy senior roles in cloud and AI.
In the October-December quarter, Tech Mahindra let go almost 2,500 people from its workforce, with maximum loss in headcount happening in the BPS wing.