The IT job market in India is seemingly crashing. There are reports that the information technology firms in India are in the middle of one of the largest job cuts ever seen in this Industry. Nearly 2 lakh jobs are at stake, with big-ticket companies looking to both hand over pink slips to incumbent employees and hire fewer talent.

The number of layoffs this year is set to be twice that of last year, with inability to adapt to new technologies, inadequate growth, rise in costs (and subsequent fall in profits) and the use of automation tools which reduce the number of employees needed the main reasons behind the same.

Seven of the biggest IT firms in the country are in the process of laying off more than 56,000 engineers. This number is only set to grow as companies have been unable to deal with newly elected US President Donald Trump's nationalist-protectionist policies.

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As a result of Trump's new policies, many IT companies are in the process of hiring US citizens and asking Indian H-1B Visa holders to return back to India. According to Livemint, Infosys has announced plans to hire 10,000 US citizens over the next two years and Wipro has already hired over 2,800 US citizens in the past 18 months.

Job cuts at Cognizant

Cognizant seems to be the worst hit as the company is planning on cutting off as many as 6,000 jobs - representing a whopping 2.3 per cent of its total workforce.

The company is reportedly struggling with adapting to new technologies and digital services and is laying off employees in lower-end jobs which are becoming redundant because of automation.

The number of layoffs this year is set to be twice that of last year due to inability to adapt to new technologies, inadequate growth and rise in costs

Cognizant has also reportedly placed close to 15,000 employees in the lowest category - Bucket 4. That is, they have put them on notice by giving them the lowest ratings possible.

A spokesperson told Livemint that performance-based reviews this year are consistent with past ones and that the company has not conducted any layoffs.

Job cuts at Tech Mahindra

Software services company Tech Mahindra, which ranks fifth amongst Indian IT firms on the basis of revenue, has also reportedly let go of more than a thousand employees this month.

A Tech Mahindra spokesperson said. - "We have a process of weeding out bottom performers every year and this year is no different".

Job cuts at Snapdeal

In the middle of Flipkart acquisition rumours, the struggling e-commerce player is reportedly planning to cut a huge 30 per cent of its workforce as a result of poor growth, reduced revenue and incurring losses. More than 1,000 employees are expected to be affected by this decision.

Job cuts at Infosys

Reports claim that Indian IT colossus Infosys is planning to lay-off as many as 1,000 employees in the coming months. The employees in question are said to be those working as project managers, senior architects and in other high level-positions.

As a result of Trump's new policies, many IT companies are in the process of hiring US citizens and asking Indian H-1B Visa holders to return back to India

In fact, Infosys has already started laying off employees. Last month, the IT giant asked 500 plus employees to leave on the ground of 'non performance'.

In a bid to warn employees, Infosys has also reportedly placed more than 3,000 senior managers in the 'employees needing improvement' category.

Job cuts at DXC Technology Co

DXC technology is also in the midst of a three-year plan to reduce overheads and cut the fat. The company is planning to reduce the number of offices in the country from 50 to 26 and is also planning to lay-off 10,000 of its 170,000 strong work-force.

Job cuts at Aircel

Cutthroat competition and Jio's disruptive pricing policy has impacted almost all of the telecom operators in the country badly. The struggling telecom operator reportedly fired 700 employees in February - which account for more than 10 per cent of its Indian workforce.

Job cuts at Wipro

Wipro has also reportedly started the process of making the organisation leaner and more decentralised by reducing unwanted and excess managers and executives.

A Wipro spokesperson reportedly said: "Performance appraisal may also lead to the separation of some employees from the company and these numbers vary from year to year".

Wipro is planning to trim the fat by removing unnecessary layers such as project leaders which the company feels are not needed anymore as a result of automation.

Job cuts at Tata Teleservices

Tata Teleservices, which along with Tata Teleservices (Maharashtra) has a presence in 19 telecom circles in the country has reportedly fired as many as 600 employees in sales and other similar sectors.

According to Gadgets Now, the lay-offs have been done at multiple locations and the sacked employees are being offered a severance package consisting of just one-month's salary.

Tata Consultancy Services Ltd (TCS) on the other hand is reportedly not planning to initiate any layoffs this year.

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