The headcount at major IT firms has shrunk for the first time in two decades, Mint reports. Total workforce at India’s top seven outsourcers fell more than 4,000 last year, with Cognizant, DXC, Wipro, and Tech Mahindra seeing a reduction in staff strength. Though the companies have denied any layoffs, this trend was also visible in the September quarter — big players like Infosys, Wipro, Cognizant and Tech Mahindra reported a dip in employee strength. Top IT executives have admitted that automation and other disruptive technologies will drive up to 40% reduction in headcount over the next 2-4 years.

We have also seen a gradual increase in companies creating long-term impact for beneficiaries of their CSR projects. CSR Rules, which came into effect on 1 April 2014, state that companies with a net worth of Rs500 crore or revenue of Rs1,000 crore or net profit of Rs5 crore should spend 2% of their average profit in the last three years on social development-related activities such as sanitation, education, healthcare and poverty alleviation, among others, which are listed in Schedule VII of the Rules. With this fact it is sure that India need manpower to execute sustainability practices and carrying out effective CSR practices .