India's Tech Firms Face Fundamental Shift From IT To More Advanced Tech
For decades India's IT talent has maintained the world's computers, databases and back offices. But new technologies are overtaking that old business model, and analysts predict massive layoffs.
Madeshwaran Subramani is the human face of IT disruption in India. He recalls being recently summoned to the HR office of his employer in southern city of Coimbatore at 11 a.m. By noon, the 29-year-old software engineer was out of a job. He worked for Cognizant Technology, a U.S.-based firm with offices in India.
"They give only two options," explained Subramani: Leave immediately and take four months' pay, or
