Oracle layoffs, Microsoft PIPs: Workforce restructuring hits India’s tech sector

India's vaunted tech sector, long insulated from Silicon Valley's boom-bust cycles by steady outsourcing contracts, is now experiencing the same ruthless efficiency that has defined American layoffs this year—and the impact on India's $228 billion IT industry could reshape how multinational corporations approach offshore staffing. Oracle and Microsoft's moves to thin ranks in India through layoffs and performance-improvement plans mark a stark reversal from the pandemic hiring spree that made Indian tech workers the envy of their global peers, raising questions about whether the era of India as a low-cost labor safety valve is ending.

The New Indian Express·Sep 1