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US Recession and Indian IT Service Companies Layoffs [Assumption]

More than 200,000 tech workers have been laid off in the U.S. between November 2022 and January 2023 Less revenue for US Companies -> Less revenue for IT Outsourcing -> More employees on PiP -> Layoffs Is this cycle right or am I missing something?

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Sherlock007

TCS

7 months ago

क्यूँ डरें ज़िन्दगी में क्या होगा कुछ न होगा तो तजरबा होगा Chill...keep runway for 2y
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Curated from across

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Office Gossip on

by Whatsinthename

Stealth

Wirpo joins the lay offs bandwagon.

90 days notice period required, non-compete agreements get signed but when they want to layoff..woosh! Pack your bag and F*** Off!

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Software Engineers on

by Byomkesh

Freshers and Interns

Layoffs

What u guys think will there be mass layoffs in Indian IT in coming days??

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FAANG on

by RomaticOpsSpecialist

Amazon

When does IT recession get stable again ?

Why Tech Layoffs are Still Continuing ? How long will it take to recover from recession? Mostly businesses are out of India and IT engineers are in India due to which in India also layoffs are continuing so how to get rid off? Is AI playing major role in layoffs or its due to recession? As a support engineer what should be the next career path should take like DevOps , Development or Management etc.

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Layoffs on

by DragoKnight

Deloitte

Layoffs everywhere?

With big corporate giants like Google, Apple, Bain, Tesla, Amazon etc. laying off staff in the name of cost reduction, automation&innovation and restructuring while at the same time tech companies like Accenture not awarding any yearly hikes to professionals for 2 consecutive years now, where do you see the IT/Tech/Consulting industry heading towards in next couple years down the line? By when is the market expected to revive? Which companies are still committed to ensuring job security along with high pay standards or is that a thing of the past? Please enlighten me😊

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Layoffs on

by ColdCart42

Student

Layoffs in Indian IT firms over last one year

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Software Engineers on

by GooglingInJob

B2B SaaS

Hearing a lot of Layoffs lately

So many companies are doing layoffs. It's becoming so common that now a days people have even got used to it. Folks in or know about US/UK/Canada, how's the situation over there? Is this shit show becoming common there too?

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Layoffs on

by SaveSCM

TCS

Accenture India Layoffs

Heard this morning from a friend who works at Accenture India, layoffs have begin once more. He said he is not sure if this is part of the 19000 that was announced during the earnings call.

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Bangalore on

by WageSlaveX

Software engineer

Meesho started layoffs !!!!

There was some call around 9 AM today, some folks are laid off. Didn't know the % yet.

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Layoffs on

by Bytes

Startup

Job Market right now in India?

I am seeing a lot of layoff related posts everywhere from news articles to LinkedIn.. Is the Job market really that bad now? Or just the media is projecting that way? If it's really bad, which department you think is the most affected? How's layoffs specifically in India? Or is it layoffs in US but more hiring in India due to cost cutting? Are layoffs in technology/engineering dept as in for developers or some other departments? Your thoughts please..