A 50bps rate cut might help IT hiring and stocks, but don't expect immediate miracles. Market conditions are still tough. It could take a few months to see real improvement.

Software Engineer

What do you think guys will it have a positive impact on IT hiring? And IT stocks offcourse

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Fed rates cut by 50bps

DevOps Engineer

Fed rates cut by 50bps- Grapevine

Welcome to Software Engineers's Private Community

When can we expect the market to be up and we get the calls for hiring?
Currently, hardly any interview calls are approached.

When will the market be up?

Software Test - QA

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- India's Nifty 50 index rose to record highs on Monday, driven by strong performance in the IT sector.
- The NSE Nifty 50 climbed 0.4% to a record high of 24,598, while the S&P BSE Sensex added 0.2% to 80,654 points.
- Strong buying in IT stocks, particularly after TCS's positive results, provided a significant boost to the market.
- HCLTech saw a 3.5% rise in shares after reporting increased revenue and growth projections for the ongoing quarter.
- Indian IT companies have benefited from expectations of a U.S. rate cut, with the odds of a 25 basis point cut rising to 90%. 

 Source: Reuters

IT Stocks Lead Rise in India's Nifty 50 to Record Highs

Journalist

TCS and Infosys came out with their quarterly results and the results were in alignment with the predictions. But the management were keen on cutting the future growth aspects there was a cut in future number expectations and the tone was a bit tense overall. What can we make of it? How does this affect the future of the JOB Market? Will they have to increase their headcount for growth? Won't the IT Industry require more force to push more hard?

Let's discuss. 🎤🎤🎤

What can we make of the recent TCS & INFY numbers ?

Software Developer

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

Founder

Corporate Strategist

- Tata Consultancy Services (TCS) slightly exceeded first-quarter revenue expectations but remains cautious about future growth due to volatile market conditions, according to CEO K Krithivasan.
- Customers are holding back on tech spending in preparation for economic uncertainties, impacting demand for Indian IT services since FY23.
- TCS reported a 5.4% rise in consolidated revenue to 626.13 billion rupees and an 8.7% increase in net profit to 120.40 billion rupees for the June quarter.
- The company secured deals worth $8.3 billion, down from $13.2 billion in the previous quarter, with significant contributions from mega deals like BSNL and Aviva.
- Analysts predict a demand recovery for the Indian IT sector in the second half of FY25, with a full-blown recovery expected in FY26, potentially boosted by an early rate cut in the U.S. 

 Source: Reuters

TCS Surpasses Q1 Revenue Estimates Amid Demand Uncertainty

Do we still have the impact of recession in the IT market?? If yes, can we see any improvement in the situations in near future?

Associate Consultant

After the recent RBI mandate to banks and NBFCs against unsecured personal loans, the lenders have pulled back their hands from digital lending. My company has already started facing the impact. Tomorrow onwards we won't be able to disburse any new loans from our platform because the lender is unsure of the road ahead.

Personally, I can't afford to go through another layoff this year :')

Brace for impact people in lending biz!!!

Product Manager

Any opinions or guesses on when will the tech bull run will start again in short when this recession will go away and market will be stable?

Tech recession

What do you guys think is the reason behind the job market being at its lowest level since past 6-7 months ?

(P.s- i made a horrible mistake by joining a cpa outsourcing startup , I'm not been assigned any client for the past one year also they have not given me any kind of training. I'M FUCKING TRAPPED !!)

Job market

External Audit

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

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).

A letter to DINK couple

🤣🤣🤣 
 Love this! Trying to force opinions on people in "their" way. 
  
 You like kids? Have them. 
 People who don't want. Leave them alone. 
  
 Parents or non parents, no one is taking those money with them. Might as well enjoy this life than paying lakhs in school fees. 
  
 Yea yea "bet your parents didn't think that way". Honestly, tshould have.

Consultant

Is 2024 gonna be even bad year for job seekers. Last 1.5 years was terrible. Please share your thoughts

2024 Outlook for Software job seekers

IT Boom again?

Business Analyst

Early signs of recovery

50 Basis Points Rate Cut

Everyone in tech that I talk to seems to evangelize AI too much. On the other hand, when I talk to non-tech folks they seem to think that AI is the most evil stuff and ruins artistic and musical expressionism. 

What do you think?

Fed rates cut by 50bps

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