Dollar value decrease, is major culprit for to make IT sector sick. Even Indian IT services Gaints like TCS,WIPRO,INFOSYS announced lay outs. As usual IBM announced program “remove freshers”. Most of companies targeted developers.
I don;t know , why to take in large amount of freshers and putting them on bench mode. Later when those freshers building dreams about future – they will get pink /red what ever it is slip !!! to smash their dreams.