The IT industry is currently facing significant challenges globally, with even major tech companies such as Microsoft and Google announcing layoffs. According to recent reports, an average of 3,000 tech employees were let go daily in January worldwide, including in India, as part of an ongoing trend of layoffs. This uptick in job loss is attributed to concerns regarding a potential global economic downturn. To date, 166 tech companies have laid off over 65,000 employees. Alphabet, the parent company of Google, has announced that it will be laying off 12,000 employees, representing nearly 6% of its workforce. Microsoft CEO Satya Nadella announced last week that the company will be making changes to "reduce our total workforce by 10,000 jobs by the end of the third quarter of this financial year." Amazon previously announced that it would be laying off 18,000 employees globally, with nearly 1,000 of those layoffs taking place in India. In 2022, 154,336 workers were laid off by
