Infosys former CEO reveals reason for IT companies laying off employees!

Infosys former CEO Kris Gopalakrishnan has said that economic slowdown is the reason why IT sectors are laying off employees.

Kris Gopalakrishnan had participated in the opening ceremony of "Third I", a computer science building in Trichy, where he addressed the people.

He said that the economic slowdown in India is the reason why IT companies layoff employees. He also said that this move is temporary and once the economic slowdown is handled, soon, the IT sectors will grow.

He said that the IT sectors are travelling towards a big goal and due to the arrival of IT hubs, Chennai and Coimbatore are growing. He also said that government support is required for any industry to grow.