Technology layoffs’ ripple effect on India’s economy

• Around 90% of senior tech professionals earning between ₹45 lakh and ₹70 lakh per annum in India fear job loss.

• A survey by Blind, a company specializing in anonymous professional communities and workplace feedback, found that 47% of respondents believed they would lose their job in the next year.

• Major tech players like Meta, Amazon, and Indian start-ups have trimmed approximately 28,000 domestic positions since January 2025.

• The fear of job loss has led to panic in the tech sector, with major tech players like Microsoft laying off about 6,000 employees in its latest round of job cuts.

• The global tech market has been squeezed due to decreased IT budgets by Fortune 1000 global tech buyers.

• Tech vendors are forced to innovate and invest in AI-driven automation to offer additional value for less cost.

• The emergence of DeepSeek, a large language model supporting technical reasoning, cost-effectiveness, and efficiency, has changed the tech industry drastically.

• Many tech providers are doubtful of their future in providing AI solutions.

• The impact of tariffs and ongoing uncertainty is also straining tech buyers.

• Indian tech firms currently have excess staff in two categories: senior managers and managers.

• Despite the market challenges, the Indian tech sector has seen net headcount growth in the last four fiscals.

• The Indian tech sector contributed over $283 billion to India’s GDP in FY25, with the industry expected to contribute $1 trillion to India’s GDP by 2030.