Difficult times ahead for IT professionals

it-jobsDifficult times ahead for IT professionals as they might lose jobs in large numbers in coming three years .

According to a report submitted by McKinsey & Company at the Nasscom India Leadership Forum , 56,000 IT professionals to lose jobs this year, the actual job cuts will be between 1.75 lakh and 2 lakh per year in next three years, due to under- preparedness in adapting to newer technologies.

The growth in digital technologies like cloud-based services is happening at a much faster pace and IT workforce might lose jobs due to under- preparedness in adapting to newer technologies.

Industry sources say, The most affected will be the professionals aged 35 and above, for it would be very difficult for them to get jobs.