Information Technology may trim 40K middle-level jobs

Bengaluru: Technology services companies could shed as many as 40,000 mid-level jobs by next year as India’s biggest export industry, battling mounting cost pressures, looks to cut more expensive resources and replace them with headcount at the base of the organisational pyramid.

Mid-level resources, with work experience of 10-20 years, account for a fifth of the workforce across IT companies, said analysts. That works out to about 6,00,000 professionals, meaning about 7% of mid-level IT jobs could be axed in the next 12 months.