Job cuts likely to affect Indian employees in Hyderabad and Bengaluru offices

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As of my last knowledge update in June 2024, several global companies—particularly in the tech, IT, and startup sectors—have been restructuring their operations, leading to job cuts in Indian cities like Hyderabad and Bengaluru. These layoffs are often driven by cost optimization, automation, or global economic pressures.

Possible Reasons for Job Cuts in Hyderabad & Bengaluru:

  1. Global Economic Slowdown – Many multinational companies (MNCs) are reducing headcount due to recession fears and reduced client spending.
  2. Automation & AI Adoption – Roles in IT, customer support, and operations are being automated, reducing the need for human employees.
  3. Corporate Restructuring – Firms like Google, Amazon, Microsoft, and startups (Byju’s, Swiggy) have trimmed teams in India as part of efficiency measures.
  4. Cost-Cutting Measures – Some companies are shifting jobs to lower-cost locations or outsourcing more work.
  5. Post-Pandemic Adjustments – After over-hiring during the COVID-19 boom, many firms are now rightsizing their workforce.

Sectors Most Affected:

  • IT & Tech Services (Infosys, Wipro, Accenture have slowed hiring)
  • Startups (Edtech, fintech, and e-commerce firms facing funding crunch)
  • Global Capability Centers (GCCs) – Some MNCs are consolidating operations.

What Employees Can Do:

  • Upskill in AI, cloud computing, and cybersecurity to stay relevant.
  • Explore opportunities in growing sectors like semiconductors, electric vehicles (EV), and renewable energy.
  • Network aggressively on LinkedIn and through industry events.

  • Automation and Global Economic Pressures

    The rise of AI-powered tools like ChatGPT, Gemini, and Copilot has led to increased automation in coding and other IT tasks. This shift has resulted in significant layoffs, with over 500,000 tech employees losing their jobs globally from 2022 until April 2024. In India, it’s projected that 69% of formal employment jobs could be automated by 2030, putting approximately 640,000 low-skilled service jobs at risk, while only about 160,000 mid- to high-skilled positions may be created in the IT and BPO sectors. ​Wikipedia

    Regulatory Responses

    In response to concerns about overwork and job security, authorities in Maharashtra and Karnataka have initiated efforts to tighten workplace regulations for white-collar employees. This includes increased inspections and considerations for new guidelines to ensure better protection for corporate workers, addressing vulnerabilities in existing labor laws that predominantly protect blue-collar workers. ​Reuters

    These developments underscore the need for IT professionals in Hyderabad and Bengaluru to adapt to the evolving landscape by upskilling and staying informed about regulatory changes.

    1. Economic Times (Job Cuts Section) – https://economictimes.indiatimes.com/jobs
    2. Moneycontrol Layoff News – https://www.moneycontrol.com/news/business/layoffs/
    3. Livemint Tech Layoffs – https://www.livemint.com/industry/jobs
    4. Inc42 (Startup Layoffs) – https://inc42.com/tag/layoffs/
    5. LinkedIn Layoff News (Search Trends) – https://www.linkedin.com/news/
    6. Glassdoor (Company Reviews & Layoff Reports) – https://www.glassdoor.co.in/
    7. Times of India (Job Market Updates) – https://timesofindia.indiatimes.com/business/jobs
    8. Deccan Herald (Bengaluru/Hyderabad Layoffs) – https://www.deccanherald.com/business

    Would you like details on a specific company’s layoffs or job search resources? Let me know how I can refine the information for you!

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