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IT Layoffs

Code Red For Rookie Techies In Boom Town

50K job loss is the biggest ever in Indian IT Inc, but it could be just the winds of change blowing right in.

Code Red For Rookie Techies In Boom Town
Code Red For Rookie Techies In Boom Town
outlookindia.com
2017-05-20T09:24:41+05:30

No Fire In IT Hires

  • Hiring is down to 1.5 lakh annually from 3 lakh per year four years ago
  • Higher productivity due to automation, cloud, ­robotics and AI is ­reducing ­manpower requirement
  • Industry is growing at 7.6 per cent, but jobs at only 5 per cent
  • At least 20 per cent of India’s IT professionals are job-hunting at any given point of time

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A 26-year-old software engineer who was recently asked to resign from a top software services firm is these days figuring out how the tech world around him has changed. He’s still smarting from the loss of his job, which he joined less than a year ago, and feels it was unfair as he only got to work on a project for about four months. Apparently, he had been placed in the lowest rating, moved to ‘non-billable’ and then, in April, was given the choice of taking four months’ salary to quit immediately or serve out a notice period.

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