Indian IT jobs gonna be outsourced to gpt?

The Internal Revenue Service (IRS) of the United States has revised its stance on Research & Experimentation (R&E) amortization, as outlined in Section 174. Previous System: Companies could immediately deduct their entire Research & Experimentation (R&E) expenses in the year they were incurred. New System: Under IRS Section 174, these expenses must now be amortized, meaning they are deducted over several years. The period is 5 years for domestic (U.S.) R&E expenses and 15 years for foreign (non-U.S.) R&E expenses. Example: Scenario: A U.S. Software Company Outsourcing to India Company: XYZ Corp, a U.S.-based software company. R&E Expense: $150,000 spent on software development in India in 2023. Previous System (Immediate Expensing): In 2023, XYZ Corp could deduct the entire $150,000 from its taxable income. New System (Amortization): Over 15 Years: The $150,000 must be divided over 15 years because it’s a foreign expense. Annual Deduction: $150,000 / 15 years = $10,000 per year. Impact: In 2023, XYZ Corp can only deduct $10,000 of the $150,000 expense. The remaining $140,000 will be deducted in equal parts over the next 14 years. -- Could this potentially impact the volume of business flowing to India?

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

What do you think, most companies are directly setting shops (GCCs) here. Will it lead to degrowth of the industry?

https://m.economictimes.com/jobs/mid-career/startup-salaries-get-reset-as-talent-becomes-affordable-amid-crises-at-byjus-paytm/amp_articleshow/107399561.cms

Hi non tech person here. Wondering how such inflated salaries in tech will survive in comparison to salaries of say marketing or sales in an organisation. The bubble seems to be bursting but will love you know the thoughts of tech people. Should I make a move towards a tech role after learning coding, I have PQE of 6 years in my field and earn decent.

I see candidates with 2-4 years earning in 20LPA+ whereas sales and marketing folks who sit with 4-8LPA tops. Isn't the disparity too much?

Confirmed from credible source. Gojek Pune office is going to be shutdown in May or June. All people from Pune office will be layoff and no other option will be provided. So all Pune people , start looking out soon.