A 25-year-old techie hailing from Andhra Pradesh ended his life by jumping from the sixth floor of a building in Pune on Wednesday.
Gopikrishna Prasad had recently been hired by Pitney Bowes, Inc., a global technology company, and had moved to Pune.
According to the Vimatal police, which is investigating the case, Gopikrishna left behind a suicide note.
In the letter, while he did not blame anyone for his drastic move, the man expressed that he was worried about his future and that he may not be able to look after his family.
He also wrote, "In IT there is no job security. I am worried about my family."
"He said in the suicide note that he was scared that may not be able to look after his family and that he was worried about the future," a police officer told TNM.
This comes at a time when there have been reports of large scale layoffs in the IT sector.
Scores of retrenched employees across the country have been filing petitions against their former employers, alleging that their services were illegally terminated.
According to some industry experts, a focus on automation and slow growth of the sector, along with a mix of other factors, have resulted in this wave of retrenchment. Media reports suggest that a staggering 56,000 techies could be fired this year.
Most companies so far have denied reports of layoffs and instead said that there are only performance-based exits.
Forum for IT Employees (FITE), a group working to protect the rights of software professionals in the country, called Gopikrishna "yet another victim of massive layoffs currently happening in the IT industry".
"FITE has reiterated several times that most of the IT employees working in metropolitan cities are migrants from rural and suburban areas. These layoffs do not only affect the employees, but also the livelihood of their families. It is high time that the government intervenes in this issue and come up with effective solutions so that employeesâ€™ lives are not at stake," the group said in a statement.