Akshata Sharma
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Since 2022, the Indian technology sector has faced tumultuous times, marked by significant layoffs across major tech companies such as Amazon, Alphabet, Microsoft, and Meta, which have cut tens of thousands of jobs to reduce costs.
Now, in 2024, the term 'layoffs' continues to unsettle employees.
According to Layoffs [dot]fyi, a staggering 98,834 tech employees were let go by 337 companies in just the first half of 2024 as companies aimed to slash operational costs further.
This has heightened anxiety among IT employees, who now face not only the threat of overt layoffs but also a subtler, more insidious trend: silent layoffs.
The Indian IT and IT-enabled services (ITeS) sector has increasingly adopted these silent layoffs, which involve pressuring employees to resign without public acknowledgement.
The All India IT & ITeS Employees' Union (AIITEU) disclosed that about 20,000 technology professionals were victims of these unpublicized layoffs in 2023, though the actual numbers are likely much higher.
Silent layoffs often give employees a 30-day period to secure a new position within the company, with failure to do so leading to termination.
This approach allows companies to quietly reduce their workforce, sidestepping public scrutiny and avoiding potential backlash.
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