IT layoffs scaring you? Here’s how to manage finances in the event of job loss

Job losses in the IT sector are a growing concern. Tata Consultancy Services recently announced cutting 12,200 jobs. Experts advise creating a financial safety net. This includes assessing expenses and gathering resources. Cutting discretionary spending is crucial. Consider shifting to lower-cost housing. Explore gig economy opportunities for income. Upskilling is essential for IT professionals to remain competitive.