According to media reports, telecom sector lost around 75,000 employees in the last one year as operators, tower firms and vendors consolidate to remain afloat in the severely competitive industry. Most of the employees have been asked to leave by the companies with a few months' notice and a severance package of three-six months' salary in few cases. Reports also suggest that things are only going to get worse with more job cuts as consolidation continues as the sector progresses.
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