Indian IT Prepares for a U.S. Recession

Tata Consultancy Services has cut performance-linked pay for its workers, and engineers at other companies could face pay cuts and layoffs
An engineer at Wipro, India's No. 3 software exporter.

Are the pink slips arriving for India's tech engineers? Reeling under the triple burden of high wages, a U.S. economy seemingly headed for recession, and a rising Indian rupee, the country's tech firms are taking steps to prepare for tougher times. Suddenly, Indian engineers who have grown accustomed to ever-rising salaries and expanding workforces are facing wage cuts and layoffs.

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