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.
The new generation would rather be jobless than accept a job offer that pays 🥜🥜 (3 lpa). It is scary, but it also gives these corporate companies a chance to pay better.
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
Even if you bring the most honest and competent government, our economy will collapse one day in near future. Overpopulation and unplanned families are root causes of most of our problems.
@BearMoody As a libertarian, it certainly looks so to me, too. Do we have some data to back that claim up though?
History might give the answer, 2008-09 saw similar stories. May be finding in past can help answering this question.
Every profession has a surge in demand and then a saturation point. Is this happening in IT as well? I also think the colleges/ Universities will have to focus their syallabus more towards AI/ as per the changing industry demands etc.
I don’t think it’s about AI honestly. It’s just a supply vs demand issue as simple as that. People have overhyped ai like anything. Students need to understand that now they would have to be in that Top 5% category to get a decent job simply because of the competition.
IT firms wanted to normalise single digit appraisals and 20-40% hikes in lateral hiring. Additionally, less IT spending in US/Europe impacted the job market as well. It always happen in some shape n form in every 4-5 years. When this downfall ends you will again see jump in hiring and companies finding it hard to retain employees. Till then focus on your skill set, stay away from social media as it will make u lazy, focus on your health and be patient.
People like u r blessings in this negative world
Heard from people I know at Bain that they are laying off. This is mostly the first time an MBB is doing layoffs (earlier they would silently fire, or delay onboarding)
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When I think I should leave my job and start searching, Grapevine pops one of these scary items 😭
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The Financial Reset aided by Dedollarization and hyperlocalization is around the corner. We are already seeing massive layoffs in Tech, no money to fund start ups and AI leading to huge financial distress forcing for a huge wage revision...
I heard from my many closed ones about too much negative things
There is no work life balance No good salary No work so layoff Unnecessary training pressure One negative client feedback - Fire alarm gets activated Leaves policy Poor Te...
