People who are not an expert in what they do will be the ones that get affected first. It should be either technology or domain.

Staff Engineer

Since past few months we are observing decrease in the demand of services in Over the past few months, there has been a noticeable decrease in the demand for services in various frontend and backen...

Welcome to Indian Startups's Private Community

Since past few months we are observing decrease in the demand of services in Over the past few months, there has been a noticeable decrease in the demand for services in various frontend and backend technologies. Additionally, we are witnessing mass layoffs from several multinational corporations (MNCs).

Given these trends, what does the future hold for the service sector? How can individuals who rely on this sector ensure their survival and continue to thrive?

Is the Future of the IT Sector in India at Risk?

Founder

Is the Future of the IT Sector in India at Risk?- Grapevine

Welcome to IT Company Discussion's Private Community

Once known for hiring hundreds of thousands every year, five of India’s top six information technology services companies reported a reduction of 73,600 in their total headcount in the last fiscal year. Is the backbone of the Indian economy weakening?

India's IT sector in a free fall?

Consultant

Saw a similar post somewhere from an European and I think it’s pretty valid for India.

For context, I am in my early 30s, a home owner, living in tier-2 city with a pretty high salary. Recently got married and my wife also works as an Enterprise AE for a listed US company. Our cost of living is pretty low given the house and tier-2 city. Even if we had a kid, the overall cost of living will not change a lot. 

I got to where I am, economically, by a combination of hard work and luck. Luck definitely was a huge part of it. Knowing the right people at the right time, working on the right technologies helped a lot more in advancing my career a lot more than grinding for good grades. Even the ability to buy a house without much debt, was partly because I was lucky to sell my shares in a fairly small startup. 

It would be easy to say things aren’t economically bad based on my own experience or that of my close friends. However, when I look at things more objectively, I can’t help but come to the conclusion that we are screwed as a generation. Except for maybe the top 1%, salaries are not keeping up even with inflation. Housing costs, specially in tier 1/2 cities are unbelievably high even if you want an average apartment. Jobs are no where to be seen. The whole generation is living in the hope of the stock market rally never ending. This seems completely unsustainable as a nation. I might be doing well for now, but I still recognise how these are real problems for most Indians, who’ve been waiting for India’s century for 20 years

Given that the services industry contributes more than 50% to the GDP, the current state of joblessness, the overall sluggishness in IT and related sectors, and the fundamental changes happening to the way IT services now work, I wouldn’t be surprised if we see a complete recession in the next 4-5 years.  

Lately, there has been a lot of criticism of anyone expressing anger on how bad things are but I think it’s helpful to talk about this.

Is it possible for those doing well to still acknowledge how our generation is screwed economically?

Great post, I was thinking to jot down something similar.     
 The way I see is that our generation(I'm Gen Z), is financially fucked due to 2 main behavioral changes:     
 1. Increase in consOOmerism: We're zoomer consoomer. GenZ is known for show off culture. We will buy the latest and greatest phones on EMI every 2 years. People spend thousands on sneakers, bags, branded clothes.     
 2. No Savings: People are no longer saving money. My then girlfriend used to got mad at me in market when I tried to bargain. Its considered a turn off lmao. People find bargaining bad now... like I'm looting a poor guy. People don't realise how much our parents sacrificed and bargained everyday to save money.

Software Engineer

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

Future of IT industry in India?

System Administrator

A questions to the IT vetrans. Many of us wants to know, Is there any possibility of the current IT market to be stable in 2025?

Welcome to Software Engineers's Private Community

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

Layoffs

Analyst

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

IT services in India 📉?

With some much advancement of AI, what happens to IT Services as a business in say 15 years.

Future of IT Services

Business Analyst

Welcome to Office Gossip's Private Community

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.

Google Layoffs - Recruiting

This is so sad, petition for Grapevine to start a jobs section to help people who get laid off

Product Manager

Program Manager

Is it time we should start thinking about other than IT as there are uncertainty around jobs and Indians are easy targets for any recession. 
Not every layoff is due to bad performance but it is a layoff indeed. To avoid such dilemma and fear, should we move out of country or IT?

Should we stay in IT or look for something else ?

Is it just me or is even a job at the best Tech companies just don’t make any sense for women? 

There are always women who have great family support or husbands that are understanding and encouraging. But generally why does it seem like becoming a senior woman in tech even at the best places is sort of unattractive and significantly increases your odds of “failure” outside of work e.g. divorce,having kids late? 

Interested for thoughts from both men and women.

27F Engineer: Software Engineering Not Worth It For Women?

Hmm, someone I know has more than 10+ patents(ex-broadcom), is a tech evangelist and an implementation advisor for a cloud tech, have 3 kids with fourth on the way. Sometimes you just need a supportive environment.

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

Welcome to Product Managers's Private Community

Ask me anything except my company name, or things that can reveal my identity. I may respectfully choose not to respond to your question based on my own judgement.

Here’s a brief intro about me: I’ve worked as both software engineering manager & software technical architect over the last 18+ years on various tech stacks managing backend, frontend and a little bit of cloud. I have seen ups and downs in the software industry. Currently I’m working as a senior architect in one of the product based companies in India.

I’ve been an Engineering Manager before. Ask me anything.

Software Architect

We faced a really slow moving job market in Indian IT last financial year. I heard this year it will open some opportunities. It is almost the end of April and I am not getting any calls from the recruiters. FYI, I am a Java backend tech lead, Open for architect position as well. Having 9+ experience entirely in the same technology and in the digital banking domain. 

I am worried, will the market ever be back to normal like it was pre-covid? Even during lockdown, there was a lot of hiring.  
What's wrong now? 
Wars one after another, making uncertainty.
I personally feel, during the WFH period they hired people from different cities and made them work together, which worked fine for WFH. Now they're forcing us to work with a team which is not in your office, not even in your city. Now, they don't need to hire people from the same city/location which makes their job easier. They just pick someone from the pool, internal  recruitment etc. 
People are fearing job security so a very few are putting papers, resulting in no vacancies. 

The market is completely biased towards employers and we can't do anything about it.
When will this end?

Has the job market changed forever?

We are seeing a lot of jobs being eaten by AI and the unemployment rate is getting higher and higher everyday. What would the future look like?

What is the Future of Jobs? What will the next 10 Years look like?

Product Marketing Manager

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

Why Tech Layoffs are Still Continuing ?

How long will it take to recover from recession?

Mostly businesses are out of India and IT engineers are in India due to which in India also layoffs are continuing so how to get rid off?

Is AI playing major role in layoffs or its due to recession?

As a support engineer what should be the next career path should take like DevOps , Development or Management etc.

Is the Future of the IT Sector in India at Risk?

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