IT companies suffered a loss of ₹225 crores on August 30 alone as their employees were stuck in traffic for around five hours: Outer Ring Road Companies Association
Tech companies in Bengaluru are hit as water logging due to heavy rains has left employees stuck in traffic and campuses inundated. Various industry associations have called for the development of city's infrastructure.
Areas that house most tech companies - Outer Ring Road (ORR), Sarjapur Road, Bellandur, and Whitefield - were flooded due to torrential rains in the city making commuting to work a challenge for employees.
Various companies have allowed employees to work from home, according to reports. Industry associations estimate that around 30 per cent of the total workforce had started coming back to offices after the pandemic.
Companies are even suffering losses as efficiency and productivity are taking a hit. The Outer Ring Road Companies Association (ORRCA), in a letter to Karnataka Chief Minister Basavaraj Bommai mentioned that the IT companies suffered a loss of ₹225 crores on August 30 alone as their employees were stuck in traffic for around five hours.
The ORR IT area generates revenue of $22 billion per annum (32 per cent of Bengaluru’s revenue) and is the highest tax contributor, said the association.