Product Manager

Is it now mandatory for growth in IT industry?

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Senior Engineer

AI- Grapevine

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Specifically a question to all the t1 tech clg grads (mainly software engineers) earning 1l+ pm out of clg with a lot of scope for growth. Post mba avg salary is 1.5l per month. 

I can understand ppl desperate for a career change and non tech ppl who are underpaid and don't really have ab option but it baffles me why well paid folks would shell out 30lakhs kr take the burden of loan just to learn how to appear smarter than you actually are instead of investing it for a meagre salary increase that can be achieved by job switches.

I'd love to  hear any insights about ppl who've already been in the space. Why u did, salary PRE post sector etc

Why the heck do people do an MBA?

I can share, I was working abroad post my T1 engineering. So you can imagine it must be > 1L.  
  
 Like all those confused 20+ engineers, I asked one of my skip levels that how should one plan the career path. He gave me a simple framework, “Look at your boss or bosses boss. If you are ok living that life, you’re on the right path else time to think more”.  
  
 I got my answers, maybe try finding yours rather than seeking majority “votes” :)

Account Manager

Is there any job in IT industry that cannot be taken over by AI in future?

Lead Consultant

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Because every Santa-Banta startup has started to pitch AI wrappers to me over the last so many month.

What is wrong with people who pitch AI startups but they are really AI wrappers?

Software Developer

The Golden era of software engineering is gone

I don't think engineering time is up. People who have skills will be in demand no matter how much AI advances. 
 Redundant roles which can be easily automated are reduced not the pure technicals once.

Software Engineer

Growth Manager

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!

Tech has failed to be a good employer; Layoffs are just one example

Not the way it works. 
It's a function of how fast an industry grows -> The faster it is, the more you have to hire in advance, because you know if the pace continues, you'll need as many. 

Railways needs 5K people this year, they need 5K next year
Google needs 5K people, they need 7.5K next year (if things continue) 
At startup needs 500 people today, it needs 2000 next year (if pace continues) 

So when the pace does not continue, the impact is equally drastic.
Startup fires 25-30%
Google fires 5-10%
Railway fires no one.

Corporate Strategist

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I am planning to shut down my IT services company after 5 years of operations. The journey has been bitter-sweet but it is becoming unsustainable and putting me under a great amount of duress.
I have been a trained ML engineer but since my startup have gone on to taking up mostly non-programming roles/ work.
I have tried getting back to development role but have not been able to get back in the same stride as I used to. Lately, I’ve been picking up some consulting work as a Software Architect.
Basis, that info, need some advice on how I can plan my professional journey ahead.

Need career advice

Founder

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Really due to AI is there any risk for developer jobs like java/.net/UI? is this also a reason for layoffs? pls provide your thoughts in comments

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😊

Layoffs everywhere?

Senior Consultant

Do you agree?

The storm is not AI.  
 It's the uncountable number of fresh graduates standing behind you to do the same job.  
 But due to AI and online resources the gap between you and them is very small. 
  
 And companies have realised that they can always cull the herd and still an infinite number of near qualified people are ready to step in. 
  
 And it will slowly spiral to the bottom.

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https://www.indiatimes.com/worth/news/22-year-old-indian-student-loses-90-percent-income-after-chatgpt-launch-611058.html

Thoughts on this article

Lol on what basis TCS employees became AI skilled🤔

These days, I can't help but keep on thinking about post white collar labour economy and it's implication on our day to  day life.... 

We can keep on dwelling in our wishful cocoon but fact remains that world is going to be vastly different in 4-5 years vis a viz today... 

In that scenario, let's us discuss some scenario :
1. What will be impact on rental yields of tier  1 cities and consequently what will be overall impact on Indian real estate 
2. What would be impact on banking interest rates 
3. Where will you park your money in that scenario : Gold, Indian Equity , Big Tech Equity , FD, Real estate or Cash.. 

My opinion :
1. As high paying jobs for majority of people diminishes, Rental yields of tier 1 cities will come down thereby directly impacting real estate. This will result in huge NPA by those people who have taken loans for 20-30 years period. This will eventually bankrupt real estate developers thereby making real estate deflationary. 

2. We will begin to witness  overall a deflationary society where cost of services like Education, software, finance etc will drastically reduce. Moreover due to high NPAs,  banking interest rate will reduce. Home loans for tenure of 20-30 years will drastically reduce due to increased uncertainty. 

3. Gold has historically been inflation proof asset. However will it still be a good asset to invest into in a deflationary society?  What are things that will still hold value then? 

Don't you think current big techs will become East India Company of future indirectly controlling world's economy? 

I would love to know what do grapevine folks think about the same  !

Discussion about post white collar labour economics

Hi Guys, how is the market trend for new opportunities for 14+ yoe in java, J2EE with cloud ? Is it a good time to try to switch to another company ? Also how useful it is if I  learn Generative AI with AWS ? Please share your inputs guys. Thanks in advance 🙏

Market trend for 14 yrs Java Tech Architect or Manager

Software Architect

What does unemployment around you look like? Or if not around us, for people trying to come out of Tier 2/3 towns. These mass recruiters (behemoths like Capgmeni & Cognizant + TCS Infosys) are actually the gateway for many into a city life. In the absence of it, it's scary to think what they're up to.

What happens to those 1.5L students/professionals? Scares me everyday.

We probably will see an unprecedented economic divide in this country going forward if the unemployment rate stays this high. 
 And we know for a fact the government has tried to suppress this number to paint a rosy picture

I work in a slowing industry (Ed-Tech!) in a generalist role (Project Management!) for half a decade now! You'd think I would be better positioned to deal with life! Heck, NO! 

This crippling feeling of insecurity or job loss always puts an extra stress on day to day life. I couldn't take any risks in terms of a house or a car or a big EMI purchase in life! 

What if I get laid off? Will this generalist role help in landing anything next? Do I need an MBA for that? Switching to any specialized roles will take extensive preparation with time being in short supply with family and kids! 

Seem to have been strangled in the startup world. Any cure for this?

P.S : Sometimes thinking : Mommy sahi bolti thi. Govt job le leni chahiye thi. :D

How to get rid of layoff fear and feel secure?

Project Manager

What steps should i take on how to find the right companies?

How to apply/look out for the companies? Need some tips from experienced ones who bagged some good CTC.

Should i resign my current organisation and start looking out for others or should i stay till I find the new one?

Any inputs are highly appreciated :)

I want to Switch

Just yesterday I took an auto ride on nammayatri. The driver was very chatty and towards the end of the trip, when I paid 164 for the ride, he said, if this was ola they would have taken 40% and given me the meter rate of 90. Big words from the ceo whose company charges this level of margin on people who are trying to make ends meet. Driver said he doesn’t use uber or ola anymore, since the launch of namma yatri.

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