Tech Boom Coming

People who were affected just got emails. Orgs include Search, Cloud, Ads , Assistant, Pixel, etc. Engg is affected

The economy went down? Yes. Did it affect all kinds of companies? Yes Did the banks fire any one? No Did the Railways fire anyone? No Did the media agencies fire anyone? No Did Large Tech companies and IT fire people? Absolutely yes Tech is the most ruthless-stupid sector that is so flimsy and short sighted that it doesn't care jack-shit about employees Tech companies will pay employees large salaries in a heartbeat, they'll hire 1000s of them and then fire 100s of them in a heartbeat destroying careers. Sigh!

Today evening Google’s VP of Recruiting had an all hands call with global recruiting team to tell them that there’s more layoffs happening in recruiting and people will find out about it through emails in next couple of hours. Such a shitty time to be alive.

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..

Saw this post. https://www.linkedin.com/posts/apurvadarsh_hiring-activity-7196713533407948800-gxFA?utm_source=share&utm_medium=member_android

https://content.techgig.com/hiring/pwc-on-hiring-spree-cs-and-it-professionals-apply-now/articleshow/111229024.cms?utm_source=TG_batch&utm_medium=email&utm_campaign=digest_news_2024-06-25&date=2024-06-25&auth_login=WjF3YVNrNStVYlVBY0xWaVErRkRDTThRRFZQclRIQzQwdWhkWHBNeUZxNkJuTzMvMG9GdFJUNnpVYWF3U05EVlJjYkVVNkd6SmpEeDdqZFF6aTV6UEE9PQ==&&etoken=WjF3YVNrNStVYlVBY0xWaVErRkRDQm9mNWw1OXNQdUxGUTF4OTVuWWk3ND0=&link_src=VWZEQ0NwOTYrOGc2NHQvcHFaK3Qzdz09&activity_name=MTMzMzcxNA==&template_type=0&crid=&apos=1

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Something is off with TechM Talent Acquisition Team. I cleared all the rounds(1. Tech-Fun Rd, 2. Language Evaluation Rd, 3. HR Rd), post HR discussion had multiple rounds of interview for compensation discussion then did all the formalities related to application form, sent 20-30 docs via email, digi-verification(ITR, EPFO details), UAN & EPFO submission and pre joining documents on dove portal just to hear from HR that delivery team has decided to put the offer release on hold. @TechMahindra

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😊