Infosys On Hiring Spree! Is Another Recession Coming?
@thebigk
•
Oct 26, 2024
Oct 26, 2024
1.3K
Times Of India reported few minutes ago that Infosys is planning to recruit 12,000 engineers in Q2 and 45,000 engineers in FY'12. <a href="https://timesofindia.indiatimes.com/business/india-business/Infosys-to-hire-12000-people-in-Q2-45000-in-FY12/articleshow/9196538.cms" target="_blank" rel="noopener noreferrer">Infosys to hire 12,000 people in Q2, 45,000 in FY'12 - Times of India</a> . While this might look like a great news for the software professionals, I'm worried that we might be headed to another recession. Once the next recession strikes, it's going to be terrible. The layoffs are going to be MASSIVE.
Indian IT, so far, has been dependent on clients based abroad. If they outsource their work - the Indian companies make money. If, for some reason, the companies can't outsource their work - people get laid off in bulk.
On a related thought, company might just be declaring their mammoth hiring plans to send a positive message among the shareholders - and may not actually recruit so many people. What's your take, folks?
Indian IT, so far, has been dependent on clients based abroad. If they outsource their work - the Indian companies make money. If, for some reason, the companies can't outsource their work - people get laid off in bulk.
On a related thought, company might just be declaring their mammoth hiring plans to send a positive message among the shareholders - and may not actually recruit so many people. What's your take, folks?
