If US defaults, do you think there will be layoffs in india?

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?

Living in India, there exists a stigma around hiring laid-off employees, a mindset that lacks the maturity to comprehend life's inevitable fluctuations. It's disheartening to observe this perspective, especially when considering the experiences of team members in the US, who faced a similar situation but managed to secure employment. This disparity in mindset may be one reason why individuals hesitate to return to India after experiencing the professional landscape in the US. Indian recruiters & hiring managers need to come out & change mindset about laid off engineers & managers. This is truly killing the entire ecosystem.

I was thinking about this few days back...Today a swiggy employee validated my thoughts so posting here. Layoffs are mainly in cream jobs(20-30% which is hardly 2-3cr source tax web) and in India mainly home loans or highly consumable loans like car or PL are taken by White collars...As per labour law, we ain't protected like in Korea. So, if someone or let's say a major chunk loses his or her job then how the system will absorb this default? Some data... Fy23 Home loan Size is 20 lac crore or $250B (15% of total loans disbursed by amount) 2030 it's about to touch $1T Cagr 23% in HL growth 📈 What if defaults rise in dual digit? Plus exorbitant hike in flat price like literally greater Noida West have 5lac unsold flat but still 10lacs worth flats are being sold at 40-50lacs (poor quality and seelan issues after a month) PS - Usa and China have seen this. (2008 and ongoing in China)

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😊

Following wester consumerism blindly is the reason when most DINK couple decides not to have kids. The age old colonial term of "civilising the brown is white man's responsiblity". Let me burst this bubble of ever happy life and not having dependency of kids,they are not investment,etc etc. I wont highlight if its right or wrong here for it lots of post are there. I better highlight what will happen after next 20 30 years as I can learn from west(USA) lifestyle pattern. All these people have kept most of their money in *paper* assets like PF,Bank FD,stocks. Reason for highlighting the word paper will see. As the number of oldies will increase over youngsters. Govt will need more youngsters as economy is worked upon by them. No loan takers,no new consumers. What will happen stock prices will fall,same goes for bank interest ,in worst case you wont be ablw to withdraw your principal even(happening in australia, people have to inform why they are withdarwing cash to bankers). Next for pf: when ww contribute to PF we pay foe the payback of current retired generation or basically we are paying their debt. But due to lack of youngster no one will pay your debt so forget your PF as well. This is how your money bubble of Crores will vanish. There is a term debt to gdp ratio, ever heard? Its the debt taken by govt from future generations to develop current lifestyle. Hence still govt need people to sustain and payback that debt so they will allow illegal immigrants ( what you are seeing in USA and Europe in name of "multicultralism"). And you know what? These rowdy immigrants will fill your city and you will become second class citizen why cause its democracy and majority rules. Noone will protect you leave alone police actually there is no one "left" to protect you( read statements of Canadian police regarding car thefts you will find similarities). Still oldies are there so new experimentation on assisted suicides(Canada is leading the way in current timeframe).

Here is the way it happens Fed in USA will increase interest rates to tame inflation. VCs will have to generate greater returns, because USA bonds give better return than most of the bets they’re going to make. Half of the portfolio companies of normie VCs will go under. All the limited partners who put in the money into VCs pocket to invest, will start drying up. They'll question every investment the VC makes, so ofc they will become risk averse. So VCs will force their companies to become profitable, cut down cost in every way possible. Startups will end up firing 20-30 per of the workforce, its do or die for them. Now, what can you do? 1/ have buffer amount in fixed deposits (5-6 mos of your expenses), amount you can liquidate easily 2/ now is the time to work hard and prove your worth, be the top performer in team. For the first time in 5y, hiring and retaining equation is in employers favor 3/ cut down on buying any assets which are not going to appreciate (esp the ones you’re buying on Emi) 4/ upskill yourself 5/ if possible get a pvt healthcare insurance for you and your loved ones, don't depend on corporate insurance. Remember, USA’s recession is world’s recession. Only question is how the cards are going to fall, together all at once or one by one. Brace up, next 9 mos are going to be the most difficult times you’ve seen in tech in last 2 decades. Godspeed. ps: sector i would stay away from india perspective- edtech for now

https://www.reddit.com/r/LegalAdviceIndia/s/0IRDwrlzoT

Some companies I heard of, Airmeet Inmobi Simplilearn Spotdraft

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

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?