Bangalore reservation for locals

Bangalore is planning for 50% reservation for management jobs and 75% reservation for non management jobs for locals. What will the impact of this on IT industry?

https://www.moneycontrol.com/technology/karnataka-cabinet-approves-draft-bill-mandating-50-reservation-for-locals-in-management-jobs-75-in-non-management-categories-article-12770678.html?classic=true