Layoffs at global tech giants such as Meta, Microsoft and Google will not impact the projects these companies are executing for their Indian telecom clients, reports The Economic Times, citing a number of staffing firms including TeamLease and NLB Services. These tech companies still have sufficient manpower to serve their main telecom clients, they said, adding that Indian telecom companies Reliance Jio, Bharti Airtel and Vodafone Idea (Vi) have been hiring engineers and software and application developers in droves over the last two years for their 5G services rollout, which should more than offset any potential impact from the layoffs. Sachin Alug, chief executive of staffing firm NLB Services said that regardless of team size, most tech companies will honour contracts and, hence, workflow/ support to ‘telecom companies won't be affected.’

Munira Loliwala, business head at staffing firm TeamLease, said, "There are two things at play. One, the telecom companies have already built a workforce to cater to their tech needs, cutting down vendor costs in the process, and second, having their own captive workforce ensures that their dependence on vendors to complete projects has reduced."