In India, 2017 has started on a difficult note for Technology sector. With some changes in global politics and ending of funding, many startups and technology companies in the country are in ending stage, and that making them cut cost and jobs. In this article I’m giving you list of 5 major IT/ Technology companies in India.
Last month Indian retailer Snapdeal has given a confirmed report that it is cutting jobs, but company declined to give the exact number of employees that were affected by this decision.
An email sent to all the employees of the company, the Softbank, Foxconn and Alibaba group decided that company’s founders, Kunal Bahl and Rohit Bansal, have committed not to take a salary for unspecified period
Indian Fashion Retailer YepMe recently dismissed an unspecified numbers of employees from the two departments one is warehousing and from quality control. Founder of YepMe, Vivek Gaur, told TOI,' we were planning to break-even in January. But demonetization hit, through this option of cash on delivery is disappeared and sales were down. But as of now we've decided to move our focus outside of India'. Company also began operations in United Kingdom.
Indian based ethnic Fashion website Craftvilla reportedly fired more than 100 employees in recent weeks. Company dismissed its entire product and technology team and most of employees are from operations and marketing team.
In February this year, Cellular services provider Aircel reportedly laid off 700 employees from its operations and marketing team. Around 10% of its pan-India staff strength is in its first stage of man power cut down amid a huge wave of consolidation that is going to engulf India's telecommunication sector. Company has around 8000 employees in India.
Payment gateway website PayU India recently announced that they dropped the plan to launch a credit card product. Due to this decision, company reportedly fired its 85 members from call center team and 25 members from collection team.