Statement: Large IT services companies are in the process of laying off employees on a scale not seen since the 2008-10 downturn.
I. The IT industry is moving towards hiring employees from the US
II. The growth in IT industry has slowed down far more than anticipated.
It could be any/both of these reasons because of which IT industries are laying off employees, which is not implied from the statement and hence both these assumptions are not implicit.
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