Impact of Coronavirus in IT Industries

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Impact of Coronavirus in IT Industries
Impact of Coronavirus in IT Industries

Coronavirus disease (COVID-19) is an infectious disease caused by a newly discovered coronavirus. Due to coronavirus pandemic each and every day hundreds of people will be dying.
Covid-19 has become a major problem for the world and is affecting various industries. There are lot of industries that are in loss due to coronavirus, But there are some industries where coronavirus is not affected.
Industries which has not affected due to Corona-Virus
  • E-commerce Market Places
  • Entertainment, Streaming and Gaming
  • Logistics and Delivery
  • Video Conferencing
  • Non – Cyclic Business
  • Pharmaceutical Business

Industries which has affected due to Corona-Virus
  • Airlines
  • Travel
  • Investment Banker
  • Economy and Share Market
  • Tourism
  • Oil and Gas
  • Construction
  • Retail
  • Employment Service
  • Sports
  • Transportation
  • Entertainment and Cinemas
  • Saloon
  • Food
  • Office Supplies and Stationery
  • Gift Stores
  • Printing 
  • Furniture

Impact of Coronavirus in IT Industry.

Covid-19 started impacting small and medium IT firms.
Covid-19 may offer a mixed bag of challenges and opportunities to IT firms.
The Indian IT industry will be experience a slowdown in growth and major layoffs due to the uncertainty surrounding the Coronavirus pandemic. Small IT firms may see major layoffs as manufacturing has stopped & new project have dwindled.
According to analysts, India’s giant IT Companies will see a significant slowdown in growth during this financial year as they grapple with the upheaval wrought by the Covid-19 pandemic.
According to HR experts and industry players, around 1.5 lakh IT professionals may be laid off in the next 3-6 months.
The India’s Largest IT firm Tata Consultancy Service (TCS) said that it will not layoff any of its nearly employees, but has decided not to give any salary hikes this year.
  




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