News Item:Top IT companies in India planning huge Layoffs

According to the Economic Times News item today, some of the Top IT companies in India will announce huge lay-offs in the next couple of quarters.

Here are some burning questions.

• Does this means the end of IT boom in India?
• Or is it a temporary phase which will eventually overcome by the Industry?
• What will happen to the huge workforce of Indian IT professionals who have already proved their talent to the whole world.
  
  Please give your comments on this.
  
  For Full News article, please visit: http://economictimes.indiatimes.com/articleshow/3493815.cms
  
  Related Article at: http://economictimes.indiatimes.com/articleshow/3456167.cms