​​​​​​​Former Telecom Secretary:  Jobs in minor IT sector may suffer due to prolonged lockdown 

The larger companies may not be actually cutting jobs for two reasons. One is that they do not want to lose their employees and they have money to pay.

Many of the big companies, even if they do shed some jobs it might be at the most people who are on temporary or intern type and all would suffer.

But they would not want regular and permanent employees to go. So as long as they have sufficient flexibility in their books, they would continue.

But beyond a point that it goes on, for let us say, two months or three months, then even for them, they will feel the pressure. They may not just keep on providing subsidies to the employees.

So the key question will be, “How long does that go on?” Chandrasekhar told the press.

He said the work-from-home systems being adopted by several firms across the globe, including India, may have a negative impact on the industry in the short-term, but in the long run it would change the work culture which hitherto was not experienced by many of the IT firms in India.

According to him, the work-from-home, in the long run results in savings in terms of employee productivity, logistics cost and office space.

Founder of a mid-sized IT firm said the job cut in the IT industry is inevitable even for bigger firms if the present situation across the globe continues for a few more months.

Former Chairman of NASSCOM, B V R Mohan Reddy said, a clear picture as to what is going to happen has not yet emerged as the situation with all respects is still evolving.

Reddy said there will be a demand shrinkage for the IT industry as the entire world is under stress.

"There is no economy in this world that is going to do well in this situation.

All of them are in some form of stress.

So, therefore, there will be demand shrinkage, he said, indicating tougher times of the industry ahead.