As India's job bandwagon picks up, IT sector falls off pace: DBS report

A slowdown in consumer demand post the pandemic and uncertain macroeconomic conditions triggered mass layoffs across Big Tech firms over the past few months - including in companies like Meta, Amazon, Microsoft, and Alphabet. In India, Reliance Industries was the latest to hand out pink slips, with its online wholesale format JioMart laying off more than 1,000 employees, with more jobs cuts expected.