Companies continue to see unprecedented job cuts due to recent changes announced in business strategic decisions by companies in the IT and software sectors and this is seeing an impact in India as well. The dynamic nature of the IT/ software industry does not seem to have settled as innovation in products and processes continue to force these companies to seek alternate measures, sometimes even resulting in employee turnover.
Networking technologies major Cisco is in the process of restructuring its consumer business which will result in the lay off its 550 employees as reported by Cisco spokesperson in New York. Although the India spokesperson said it is still early to assess the exact impact of this decision on Indian operations, Cisco Chairman and CEO John Chambers reiterated the need for such a change and said, "We are making key, targeted moves as we align operations in support of our network-centric platform strategy."
On the other hand, Nokia workers worldwide face equal fear as the company announced its collaboration with Microsoft early this year which is set to result in steep job cut with as many as 6000 jobs under threat. While we are still unclear on the exact number, Nokia’s decision to adopt Microsoft's Windows Phone 7 as its main smartphone operating system over the next two years, and a resultant redundancy of the present R&D team working on the Symbian smartphone software, will add to a substantial reductions in manpower.