Monday, November 10, 2008

Kerala IT Layoffs - to be around 2000

 
The founding chief executive of Technopark forecast in a recent television discussion that if the global economic crisis were to continue for another three months or so, Kerala could expect to see a loss of at least 1,500 jobs in the IT sector.

The effects of the global financial and economic crisis have already had its toll on the IT sector in Kerala. Last fortnight. IBS Software Services, a leading IT company which employs around 2,200 in its facility in Technopark, the State's first information technology park, showed the door to 27 employees.



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