News » IT, BPO industries experiencing a “bloodbath” due to COVID-19

IT, BPO industries experiencing a “bloodbath” due to COVID-19

IT, BPO industries experiencing a “bloodbath” due to COVID-19

The information technology (IT) and business process outsourcing (BPO) sectors in India, are witnessing a bloodbath, thanks to the pay cuts and job losses caused by the COVID-19 pandemic.

According to industry sources, hundreds of workers are being asked to either go on unpaid leaves till July, or are being fired. Further, a few other companies have even refused to pay up pending salaries.

The Secretary (Labour & Employment) had written to chief secretaries of all States to advise employers not to terminate employees from their job, or reduce their wages amid the challenging situation of the pandemic. 

Read more here.

Start your
journey today

  • Independent
  • Free
  • Transparent

About OA

Outsource Accelerator is the trusted source of independent information, advisory and expert implementation of Business Process Outsourcing (BPO)

The #1 outsourcing authority

Outsource Accelerator offers the world’s leading aggregator marketplace for outsourcing. It specifically provides the conduit between Philippines outsourcing suppliers and the businesses – clients – across the globe.

The Outsource Accelerator website has over 5,000 articles, 350+ podcast episodes, and a comprehensive directory with 900+ BPO companies… all designed to make it easier for clients to learn about – and engage with – outsourcing.

About Derek Gallimore

Derek Gallimore has been in business for 20 years, outsourcing for over eight years, and has been living in Manila (the heart of global outsourcing) since 2014. Derek is the founder and CEO of Outsource Accelerator, and is regarded as a leading expert on all things outsourcing.