2 lakh (IT) job cuts per year?

by confuzzled dude Sat May 20, 2017 7:37 pm

BENGALURU: Executive search firm Head Hunters India today said the job cuts in IT sector will be between 1.75 lakh and 2 lakh annually for next three years due to under-preparedness in adapting to newer technologies.

"Contrary to media reports of 56,000 IT professionals to lose jobs this year, the actual job cuts will be between 1.75 lakh and 2 lakh per year in next three years, due to under- preparedness in adapting to newer technologies," Head Hunters India Founder-Chairman and MD K Lakshmikanth told PTI, analysing a report submitted by McKinsey & Company at the Nasscom India Leadership Forum on February 17.

McKinsey & Company report had said nearly half of the workforce in the IT services firms will be "irrelevant" over the next 3-4 years.

http://economictimes.indiatimes.com/tech/ites/it-to-layoff-up-to-2-lakh-engineers-annually-for-next-3-years-head-hunters-india/articleshow/58670563.cms

Har Har Modi! Make in India Modi! Saviour Modi! Lord Modi! What are you doing about it?

by confuzzled dude Sun Jun 25, 2017 8:21 pm

NEW DELHI — They were going to be India’s gilded generation.

When P.R. Sujoy became a software engineer, he thought his life was made. It was a job his father, a former government employee who prized stability above all, could brag about to nosy relatives. It came with a highflying salary, enough for a mortgage and to start a family. So when his company suddenly asked him to resign, Sujoy refused.

“I’m an IT guy. That’s all I do,” he said.

Eventually he was fired, and Sujoy became one more worker in India’s IT sector facing an uncertain future.

Information technology services account for 9.5 percent of the country’s gross domestic product, according to the India Brand Equity Foundation (IBEF), but now, after decades of boom, the future of the industry seems precarious. Since May, workers’ groups have reported unusually numerous layoffs. The Forum for IT Employees (FITE) estimates that 60,000 workers have lost their jobs in the past few months.

“Employees are being rated as poor performers so companies can get rid of them,” said FITE’s Chennai coordinator, Vinod A.J.

https://www.washingtonpost.com/world/asia_pacific/the-high-tech-jobs-that-created-indias-gilded-generation-are-disappearing/2017/06/22/815f1d0e-5588-11e7-9e18-968f6ad1e1d3_story.html?utm_term=.f24308ef3f9e

by silvermani Sun Jun 25, 2017 8:23 pm

Are you having celebratory non alcoholic drinks at your iftar party to celebrate this?

by confuzzled dude Sun Jun 25, 2017 8:35 pm

silvermani wrote:Are you having celebratory non alcoholic drinks at your iftar party to celebrate this?

It is celebration time for trumpturds, isn't it? Don't be shy.

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2 lakh (IT) job cuts per year?

2 lakh (IT) job cuts per year?

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