Layoffs are a reality; are you still sleeping?

Replies

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  Kaustubh Katdare

  Can't help but add -
  
  Imagine how this cascades. There ain't no industry that can absorb the candidates who've been laid off by their companies. Learning new skills will require weeks and still, there won't be any guarantee of jobs that pay even half of your earlier salary.
  
  Maybe learning new skills and being job ready is the only solution?
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  Anoop Kumar

  IT industry (mostly service) has been biggest consumer of "Engineers" in India. As there are very few Indian product companies. Now IT industry is on verge of getting saturated. As products are being obsolete and new customer are looking for older technology.
  Current workforce and "Stone age" engineering degree is little aware of new technology.
  Even though internet is spreading had gone into deepest corner in India. There are very less inception of new companies. Even though some are coming they are getting crashed by big names who are offering same or better product/service with heavy discount. Result is failed startup.
  
  I think there should be new job model for new generation. May be we need to look beyond the saturated model of Degree+Good English+Mass recruitment to somehow enter into any company.
  I really see a great opportunity for new generation graduate who can take advantage of cheap, fast, and 24x7 accessible internet (Huge thanks to JIO) and technology to steer their career.
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  Neeraj Sharma

  Well, as aptly said above degrees are of no use, its being AWARE. One has to always try to up skill themselves. IT is very volatile and if one doesn't keep up they will be replaced. Service companies are to blame according to me. The roots lie in the number of engineers that pass out in India as well. Keeping all the known factors aside, it is very important for a professional to be aware of whats in demand and whats not and they should really try to be on top of their respective domains. For example, as everyone knows the future is CLOUD. Every company is going to get rid of their on premise systems because why not? Everyone wants to reduce costs and when things can happen on cloud and when AWS as huge as it is now, it is high time people start getting their hands dirty with big data and cloud or data science if needed. When it comes to freshers, I think it is our responsibility to take it up and discuss with any freshers we find through forums, personal interaction or blogs. Not all freshers pay much attention to whats going on. They have an old age thinking that if they get good marks in their stone age degree they are going to land up a job. But with all these service companies laying off employees, they are going to feel the heat. I happened to talk to few interns in my company and I really counselled them about the current situation of IT and why they should pay more attention either on big data or cloud or both. The market demands multi faceted people and not just those who stick to one technology. Slowly the companies are going to prefer professionals who are street smart and have very less turn around time if a new technology is put in front of them. Gone are the days when a person only knows java and can code till their retirement. Its time to have multiple skills if one wants to survive atleast in IT
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  Kaustubh Katdare

  Here's the latest update, folks: Infosys has fired 11,000 employees because of automation. Software can now comfortably do what engineers used to do at Infosys.
  
  Trust me, the problem is bigger than what it appears. Be ready to handle it.