Has anyone lost their job due to covid in Indian IT industry?

Updated on : December 3, 2021 by Dylan Gordon



Has anyone lost their job due to covid in Indian IT industry?

Not yet, but according to one analysis, most of Modi's supporters in the IT sector will lose their jobs in the coming months.

I'm not sure why the analysis shows only Modi's supporters.

I think it might be wrong, but we can wait and watch.

A BIG YES! What are the horrible conditions and how do you have to survive .. Read more ..

More than 1000 good things that the fittest survivors can justify, as they enjoy easy money.

But for good skilled and knowledgeable workers it is a SIN to work in this industry. I have worked 15 years in the industry from start-up to large multinationals, I knew the tricks of this trade! Although many don't know how to express the horrible conditions, here is a list of valid points that quickly springs to mind.

  1. The IT services industry is not like the previous traditional industry with engineering and ethics, it is dominated by fast money m
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A BIG YES! What are the horrible conditions and how do you have to survive .. Read more ..

More than 1000 good things that the fittest survivors can justify, as they enjoy easy money.

But for good skilled and knowledgeable workers it is a SIN to work in this industry. I have worked 15 years in the industry from start-up to large multinationals, I knew the tricks of this trade! Although many don't know how to express the horrible conditions, here is a list of valid points that quickly springs to mind.

  1. The IT services industry is not like the previous traditional industry with engineering and ethics, it is dominated by gamblers who make a quick buck
  2. The only engineering industry where HR dominates and decides and the project management team listens to it and the skilled work as a slave.
  3. Using the term FUN they pamper and exploit young people between the ages of 20 and 32.
  4. Those who survive in management have learned the art of treating workers like slaves, similar to what we see in Chinese movie movies, where brucelee supports workers!
  5. The asses rule here and the merchandise works day and night. Because young people work around the clock, companies make a profit. If there is a rule-of-thumb computer that only works between 9 and 6, then many of the companies do not exist.
  6. They will make you adjust to a life of great luxury and they will kick you out once they use you. After 38, 70% cannot survive in IT and have to leave their own origin after two decades of experience.
  7. They will bombard you with various skills if they need a resource, and at the same time, if you want to work on some skill that you will be a better fit for, they will tell you about your previous experience.
  8. You cannot predict and define your career here, if you resist, those who do not take the race seriously but money will compete negatively and spoil the valuable points you put before management. Unhealthy competition.
  9. Timing Butterflies are asked to swim and fish are asked to climb mountains and they will shoot both for not acting.
  10. Against the varying odds of hiring and firing, HR talks about discipline and asks why you've jumped so many jobs.
  11. You know you are very good at certain skills, but the market is full of many certification programs and fast bettors will learn and become certified. Your passionate skill will disappear among the useless certified crowds. They don't know the fact that "knowledge is not skill and experience" !!
  12. He loses all his social responsibility and because he makes money he thinks he is a hard worker and excellent. All of your close family and friends will be jealous of you on the inside. You think like that. But you will understand the real fact at the age of 40 and you will not be able to do anything about it. The life cycle revolves with other young people.
  13. It is a deliberately planned modern slavery endorsed by our country's leaders to foreign nations in terms of globalization and there are no strict labor laws and rules. Which means you are SOLD!

There are still many things to say, but enough….

Okay, now how to survive in this industry by taking only positive things and moving on ...

  1. Learn specific skills and just project skills onto the resume
  2. Until you get enough skills in one area, work with startups and small businesses (don't think about money for the first 3 years, I mean it shouldn't be the priority)
  3. Once you acquire the skill, you project only the skill onto the resume and wait for the correct job. Learn to freelance that is relevant to your skills or even work for free with startups. Avoid the temptations to have fun by what your friends experience with multinational companies.
  4. Once you've gotten the right skills and the right job, work hard for three years, be tactful not to derail your career path.
  5. Go abroad and try to settle for 10 years and earn well
  6. After 35, invest your money in the right properties and get rent in houses or shops.
  7. Start working telecommuting jobs (work from home) and keep your peace
  8. Think entrepreneurship and start a decent tech company, if telecommuting isn't your long-term choice.

Hope you understand now how to lead a life in software and establish yourself decently! And the truth is, all other traditional companies were affected by the slave community created by IT and they are worse than digital companies. So understand which world we are surviving and move chess coins effectively. Any wrong move is simply disaster and suffering! All the best. Don't forget to have fun but don't carry with it. Fun is just to relax!

Any industry is made up of the people who work there, so I'll tell you the story of an average IT employee from India, many of whom make up the IT industry.

Disclaimer: I do not wish to offend or hurt anyone. These are my observations from friends working in IT industry in India for 10 years.

The journey of an IT employee from India begins at the age of 20, when he / she goes through "campus locations" at TCS, Infosys or Wipro of a level 2 or level 3 engineering school. He / She is on cloud nine !! A job fresh out of college, a decent salary (though not nearly as much as a product company w

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Any industry is made up of the people who work there, so I'll tell you the story of an average IT employee from India, many of whom make up the IT industry.

Disclaimer: I do not wish to offend or hurt anyone. These are my observations from friends working in IT industry in India for 10 years.

An IT employee's journey from India begins at the age of 20, when he / she goes through "campus locations" at TCS, Infosys or Wipro of a level 2 or level 3 engineering school. He / She is on cloud nine !! A job fresh out of college, a decent salary (though not quite as much as a product company that only accepts 1 or 2 people), and the opportunity to spend the next few months with friends who were also placed with the same company. The company removed 400 people out of the 700 who were fainting that year. His university put the company name on a billboard and also on its location brochures. I already said fucking da.

The next phase is the training phase, where you spend your time in Mysore, Chennai, Trivandrum, Hyderabad, or any of the other big cities where IT companies have large offices. The first paycheck, the first crush ... the first time away from home if you are a day student ... a lot of news. You studied civil engineering and you don't know how to code, but hey, nobody seems to bother as long as you pass their simple coding tests. Life has never looked better.

The training is over, and you are now in the city of your choice, going to a fancy office and a badge and all. Your parents have proudly told all of their family and friends that you are a "software engineer" and that you are on your way to greatness. You learn to get to the bus on time, you begin to learn the art of pretending that you work long hours, and generally you “calm down”. This is how life is supposed to be.

Some of your friends start to smell shit and are now busy preparing for GATE / CAT / IAS / Govt Jobs / MS abroad. You look at them and start introspection. So far, you've done everything your friends have done, and society has only overlapped their belief in you that you have to go with the crowd.

You were never good at civil engineering anyway, so Mtech is out of the question. That leaves CAT. So you pay 70k for weekend classes at a high school that promises you a "seat in an IIM". Everyone else is doing it. Why not me?

In the meantime, you are now a "technician", having spent 1-2 years at work, and as long as people see you combing your hair, wearing an ID card and going to the office on time, no one really bothers you. Your parents have even started looking for alliances, especially if you are a girl.

Some of your friends pass the CAT, most end up choosing a level 2 university to get the coveted MBA degree that will solve most of the problems. You, meanwhile, are too lazy to study and have a job on your hands anyway. Who wants to change right now?

Time flies. You buy a good bike with your money, maybe a car at EMI. You are 24 years old, you are changing colors on an Excel sheet or running test cases through an outdated system, and you are beginning to wonder if you made the right decisions. Because your job is not intellectually challenging and you are sitting and watching Youtube videos all day.

You buy a DSLR camera because everyone else has one, they are all on the latest movies because you need to occupy the time you are sitting in the office and now you are moving to Netflix.

TCS automatically promotes you to "Senior Systems Engineer" at this point, and you have 2 juniors reporting to you that they are also doing the same Ctrl + C, Ctrl + V work that you are doing. Finally he abandons the MBA plan, the MS plan from abroad, and now concentrates on one thing: a great salary.

He figures that to earn a respectable sum (equal to or greater than his friend's), he must change jobs or be promoted. So you choose either of the two paths:

Route 1: Learn more about your technology, ask around, finish a certification course, lie on your resume, and join another service-based company for a 30-50% increase.

Path 2: Freely participate in office politics and take advantage of the next promotion / opportunity on site by appealing to your manager.

Why do you want a fat salary? Because everyone else is getting it !!

By now, you are 27 years old and the marriage market is heating up. All your friends will get married and post photos on WhatsApp / Facebook / Instagram.

So you give in to your parents' wishes, meet a girl or two, and finally settle down with a fellow techie who works at one of the other IT service companies and has a similar career chart to yours.

"My son and daughter-in-law are both software engineers," their parents say, and their respect between neighborhood aunts and distant relatives who only show up on happy family occasions is limitless.

You work at TCS, you have a wife at Infosys, now you are so into office politics that you feel insensitive ... and you are looking forward to next weekend when you can see the latest Netflix series that everyone else on. the office seems to be watching. (Sacred Games / Game of Thrones / Peaky Blinders).

Now is the time for it to "fully settle down." How? Well, buying a house, of course. Now most of his salary goes to EMI, his wife's salary is barely enough to meet his upper-middle-class lifestyle needs, and now he has a young baby who is due to go to school in a couple of years. .

Right now you are 30 years old and now you are looking for answers hence questions like this on Quora.

Did you see a pattern? Most people in the IT industry follow what everyone else is doing, and they view life as some kind of sick wish list where they end up ticking one box after another.

Work, pay, DSLR, bike, car, marriage, better pay… Resentment. This is the cycle.

Most of these technicians are not software engineers. They are good at English and have basic skills.

We have about 50 lakh of these "software engineers" ... but not a single IT product that India can be proud of.

This sums up everything that is wrong with the Indian IT industry.

Thank you for reading.

Edit 1: many votes in favor for this answer. I guess the truth seems to be resonating with people.

A couple of hateful comments too, saying I haven't done "fact checking" and am "generalizing". People also claim that this is just a skewed view of the industry and that "not everything is like that."

Here's my answer: I said this was the story of an "average" IT employee. There may be exceptions. There may be development and testing and even support work at these companies that may require a bit of intelligence. But I speak for the masses.

In all likelihood, most of the people who work in these service-based companies are doing repetitive work, which does not involve a lot of code and can be done on legacy systems.

For fact-checkers, here are a couple of facts that might be eye-opening.

TCS employs about 4 lakh 50 thousand people, was founded in 1968 and has an asset value of $ 17 billion. I'm not even talking about market capitalization. This is the information I got from Wikipedia.

Facebook employs about 40,000 people worldwide, was founded in 2004 by Mark Zuckerberg in a bedroom, and is today valued at about $ 700 billion.

When WhatsApp was sold to Facebook a few years ago, for $ 19 billion, it had 55 employees.

That itself should point to the glaring gaps in the so-called "Indian IT industry".

Thank you for reading.

Recent layoffs will be better for IT employees. Yes, you heard me right and I'm not high!

Indian IT is essentially service-based, which means we create solutions for some clients in the US or Europe who have outsourced their little work to us. I worked in IT for three years before realizing that not all projects, but most projects are not of high quality. He wasn't doing the kind of work he dreamed of doing when he was studying engineering. Some minor work related to the user interface, creating unnecessary documentation and reports, working on old technologies and that was it.

Most (almos

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Recent layoffs will be better for IT employees. Yes, you heard me right and I'm not high!

Indian IT is essentially service-based, which means we create solutions for some clients in the US or Europe who have outsourced their little work to us. I worked in IT for three years before realizing that not all projects, but most projects are not of high quality. He wasn't doing the kind of work he dreamed of doing when he was studying engineering. Some minor work related to the user interface, creating unnecessary documentation and reports, working on old technologies and that was it.

Most (almost all) of the projects are overestimated, let's say on a project that would require two people to complete the job in one month, eight people are employed for six months! And yes, surprisingly customers were fooled too! Businesses generated good revenue, but for employees who had to sit around due to this overestimation, it did help! Working on petty projects also makes you a petty programmer! Because the world economy was unstable recently, and because of the US elections and Brexit, there was confusion among our "clients" and as a result we got minor projects and companies had to lay off unwanted staff. Despite the layoffs,

People started working in the big companies like TCS, Infosys, Wipro, CTS because they offered more stable jobs than the startups. Now the layoffs have created a sense of fear. The people who are laid off are not unskilled workers who would need a MNREGA to earn a living, these people have a high level of education and the experience of working in large companies. These laid off people move on and join new companies or even start their own companies, creating more jobs for others. Existing employees at these companies who feel like it could be them next year have already started learning new technology, so even if they are laid off, they can easily find another job. Managers are no longer overestimating at crazy levels or at least being more careful now, which is obviously good for employees. Companies are moving towards new technologies and new horizons with investments in robotics, digitization and automation. It has already opened a new door for budding IT professionals.

All in all, these are good times for IT employee productivity. If initiatives like Start-Up India catch up and get out of the papers to be practical, IT India would grow like never before!

Accenture has already started laying off people due to Covid.

But the trick they are doing is firing people "confidentially."

The first target is the people at Bench, then the contractors, and on some projects, people are randomly placed in PIP to quit.

The state of the bank is now worse at Accenture😭😭

I was in the bank for only 1 month.

Suddenly I got a call from my previous manager and from Human Resources.

They told me that they cannot afford to keep me with the company and that there is currently no position for me.

The 300-person bank was reduced to nearly 80.

Almost 220 people were forced to resign.

If you say no

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Accenture has already started laying off people due to Covid.

But the trick they are doing is firing people "confidentially."

The first target is the people at Bench, then the contractors, and on some projects, people are randomly placed in PIP to quit.

The state of the bank is now worse at Accenture😭😭

I was in the bank for only 1 month.

Suddenly I got a call from my previous manager and from Human Resources.

They told me that they cannot afford to keep me with the company and that there is currently no position for me.

The 300-person bank was reduced to nearly 80.

Almost 220 people were forced to resign.

If you say no to resign, they say they will fire you and you will not receive an experience letter as well.

Also, no one will speak because they tell you to keep the conversation "confidential."

The same Accenture that trains its employees to "speak up" when something goes wrong is doing an injustice to employees who have worked and provided good services for many years.

They will post ads on the internet about diversity, inclusion, equality and all kinds of core values, which they don't even subscribe to.

Accenture is that smart company that will train graduates educated in shitty tech. You will work hard on projects for delivery. You'll be up until 4 a.m. sometimes because of those project commitments.

And when the project slows down, the ACCENTURE brochure begins.

Your bank supervisor will not even alert you and one day you will be fired saying: We currently have no relevant role for you. We no longer require their services.

Please leave your papers until 5pm or we will unsubscribe you.

If they have no projects, what is the fault of the employees?

I also didn't get any warning from the bank leader and was fired directly 😭😭😭😭😭

If there are no projects to work on my technology, what can I do? The company had no right to fire employees in such a case.

Accenture boasts of empathy, sympathy and all, but when it comes to supporting its employees during these tough times, it does nothing and forces them to quit.

Accenture will fire you once you have experience and hire new employees at affordable prices. Do not join this company.

Here I am a former Accenture employee, out of work and struggling to find a new job in this pandemic.

In some projects, even random people are placed in the PIP and forced to resign.

VOTE my answer so people know the reality of what is happening at Accenture Bench right now.

Maybe your friend will see this answer and know what is happening.

The keyword here is IT Industry "INDIA". This is directly related to the nature of the work done by IT companies in India. A significant percentage of your revenue comes from AMS - Application Maintenance Support. Along with this, they get the IMPLEMENTATION of a project, but noticed a key component was missing. That missing part is Consulting and Design. Even now, when it comes to high-level consulting, feasibility research, design, etc., you will find that the Indian presence is less. Basically, we are at the lower end of the food chain. AMS Routine, App Deployment Is India's Bread and Butter

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The keyword here is IT Industry "INDIA". This is directly related to the nature of the work done by IT companies in India. A significant percentage of your revenue comes from AMS - Application Maintenance Support. Along with this, they get the IMPLEMENTATION of a project, but noticed a key component was missing. That missing part is Consulting and Design. Even now, when it comes to high-level consulting, feasibility research, design, etc., you will find that the Indian presence is less. Basically, we are at the lower end of the food chain. Routine deployment of AMS applications is the bread and butter of the Indian IT industry. But the real shocking work of business consulting, technical research, architecture framework, Solution design, tool development, etc. are still done by US / European consulting giants or niche companies. Indian cos have been trying to attack this problem. We need to give them credit for trying. And, to some extent, they have made progress little by little, but they still have a long way to go. You may be wondering how important this is to your question. In reality, both are interrelated. Because the nature of work in India is more routine and monotonous, they prefer to hire freshmen or graduates with less experience for these low-level jobs / job profiles. They will have very few vacancies or project opportunities for senior architects, solution architects, enterprise architects, etc. Less demand and therefore Employees also tend not to focus on this, as it takes a lot of hard work, self-motivation, talent, the ability to learn the latest, or state-of-the-art technology. Since the real returns in terms of attractive salary, the chances of landing a high paying job as a developer are lower in India because most people do not bother to follow this path. Instead, they go the proven route of skipping cos to increase their CTC and then try to enter the role of people management that does not require technical aptitude. However, this model has been slowly changing. More and more cos are insisting that managers play a more technical role on projects rather than just managing resources. You can already see a lot of layoffs at the middle management level in the Indian industry. So the trend has definitely resisted and now people HAVE to stay technically good and relevant to survive in this industry. So now you will start to see that more people prefer to switch to the technical or consulting stream. Instead, they go the proven route of skipping cos to increase their CTC and then try to enter the role of people management that does not require technical aptitude. However, this model has been slowly changing. More and more cos are insisting that managers play a more technical role on projects rather than just managing resources. You can already see a lot of layoffs at the middle management level in the Indian industry. So the trend has definitely resisted and now people HAVE to stay technically good and relevant to survive in this industry. So now you will start to see that more people prefer to switch to the technical or consulting stream. Instead, they go the proven route of skipping cos to increase their CTC and then try to enter the role of people management that does not require technical aptitude. However, this model has been slowly changing. More and more cos are insisting that managers play a more technical role on projects rather than just managing resources. You can already see a lot of layoffs at the middle management level in the Indian industry. So the trend has definitely resisted and now people HAVE to stay technically good and relevant to survive in this industry. So now you will start to see that more people prefer to switch to the technical or consulting stream. Most are insisting that managers play a more technical role on projects rather than just managing resources. You can already see a lot of layoffs at the middle management level in the Indian industry. So the trend has definitely resisted and now people HAVE to stay technically good and relevant to survive in this industry. So now you will start to see that more people prefer to switch to the technical or consulting stream. Most are insisting that managers play a more technical role on projects rather than just managing resources. You can already see a lot of layoffs at the middle management level in the Indian industry. So the trend has definitely resisted and now people HAVE to stay technically good and relevant to survive in this industry. So now you will start to see that more people prefer to switch to the technical or consulting stream.

Well, this is interesting. I will try to answer based on my experience in the IT industry for more than a decade.

Broadly speaking, I would classify Indian software engineers into three categories:

  1. Early adopters: people who started working at TCS and Infosys in the 70s and 80s respectively.
  2. The Y2Ks - People who entered the industry in the 1990s and at the turn of the millennium.
  3. Young people, people who joined in the last 5 to 10 years.

The first users would still be on the board of directors or in CXO positions of various IT companies in India or abroad. Some others would be rich enough to th

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Well, this is interesting. I will try to answer based on my experience in the IT industry for more than a decade.

Broadly speaking, I would classify Indian software engineers into three categories:

  1. Early adopters: people who started working at TCS and Infosys in the 70s and 80s respectively.
  2. The Y2Ks - People who entered the industry in the 1990s and at the turn of the millennium.
  3. Young people, people who joined in the last 5 to 10 years.

The first users would still be on the board of directors or in CXO positions of various IT companies in India or abroad. Some others would be wealthy enough through their stocks to have retired in the 1990s after their companies' IPOs. They would probably follow their hobbies or interests these days and lead happy and content lives as long as their personal lives have been sufficiently blessed.

The 2000s would perform senior and middle management roles in IT companies. A large majority of this group would already be settled outside of India. Most likely, they would have also switched from a service company to a product company or to the IT services department of another company - retailers, banks, telecommunications, healthcare, hospitality, etc. Most of these people would be financially well off and could easily retire if they chose to return to India. However, having spent 5 years or more in a developed country would make it difficult for them to return to India and adjust, especially if they have children who were born abroad. Therefore, they will choose to continue working outside of India and eventually settle there.

There would also be a group of people who have worked in India for most of their careers. These people are in a dilemma, they have not saved as much as their counterparts abroad and they do not know how much savings are really enough to lead a comfortable retirement life. So they keep working.

Young people are the people who drive maximum productivity in companies. They are new to this game and they strive to do their best to outperform others and move up the corporate ladder as quickly as possible. The work-life balance of this group is often skewed in favor of work. They don't have enough savings to retire. Also, they are too young to retire. Some in this group find the rat race too difficult and switch to other careers or opt for higher education.

So overall, there will be a small fraction of software engineers who would have happily retired while the vast majority would still be trying to figure out what to do next while working in senior management, sales, or consulting positions.

In the midst of all this, there would be a group of people who would have been fired due to lack of "performance" - intentional quotes to highlight that sometimes it is just a perceived lack of performance. Some of these people try entrepreneurship and are successful. Others simply find alternative careers or companies.

So that's what happens after more than 15 years of experience in the Indian IT industry.

Yes. Soon, companies will start to ask you why you jumped so often.

And excuses like the bad situation have no weight. You couldn't have had 4 bad situations in 5 years. If that's true, are you sure you're not contributing to that bad situation?

A company you are looking for a job with is not a charity. There are many others like you who can and will replace you unless you have some rare and in-demand skill. You do?

Otherwise, soon, you will start to get rejected everywhere and then you will get stuck where you are. Now THAT is a really bad situation for you.

Next time, study the c

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Yes. Soon, companies will start to ask you why you jumped so often.

And excuses like the bad situation have no weight. You couldn't have had 4 bad situations in 5 years. If that's true, are you sure you're not contributing to that bad situation?

A company you are looking for a job with is not a charity. There are many others like you who can and will replace you unless you have some rare and in-demand skill. You do?

Otherwise, soon, you will start to get rejected everywhere and then you will get stuck where you are. Now THAT is a really bad situation for you.

Next time, study the company you are going to join and choose carefully after knowing the fit between the two of you. Even if a temporary bad situation arises, resolve it within the company.

Put yourself in their shoes. If you were running the company and you were looking for a guy with your jumping record, would you hire him? When you suddenly quit, all that investment in you evaporates. Projects get interrupted, etc., etc. Very bad mistake when creating a history like this and it may already be a bit late to repair this image.

Steady jumping means that no one will be interested in hiring (and investing in) a man who is likely to quit smoking in a year or so. You are a bad investment for them.

I have been in the IT / ITES industry for 27 years in a corporate position and then for 5 years as a strategic advisor to those companies. Over the past 3 decades, I have led thousands of IT professionals of all stripes and I can qualify as an expert in this area :)

The key to surviving and thriving in the IT industry is continuous learning and the ability to reinvent yourself over time. You can't be a one-trick pony and be good in one technology area or platform, cycles of change now occur every 2-3 years. I have known people who have worked for me to switch from COBOL to C to Java and

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I have been in the IT / ITES industry for 27 years in a corporate position and then for 5 years as a strategic advisor to those companies. Over the past 3 decades, I have led thousands of IT professionals of all stripes and I can qualify as an expert in this area :)

The key to surviving and thriving in the IT industry is continuous learning and the ability to reinvent yourself over time. You can't be a one-trick pony and be good in one technology area or platform, cycles of change now occur every 2-3 years. I have met people who worked for me who switched from COBOL to C to Java and now they are working on something completely different. Also be open-minded about the type of work you do. People have shifted from software development to project management, from software maintenance to a DBA, etc. At the end of the day you need to understand what brings value to the industry and be in one of those areas and you better be really good at what you do too.

I hope I have answered your question :)

Why do layoffs occur?

Layoffs occur because companies cannot pay staff or because they do not want to pay staff because they are no longer needed.

Now, due to this case of Coronavirus or should I say World War III, we can easily guess that Indian companies, especially companies that depend on the Indian economy, will suffer losses and reduce their employee account, which is perfectly fine. After all, it is about business. Emotions are not expected.

So yes, they will say goodbye to survive and recover. (The post ends here for you if you get the answer.)

(If you are reading, let's

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Why do layoffs occur?

Layoffs occur because companies cannot pay staff or because they do not want to pay staff because they are no longer needed.

Now, due to this case of Coronavirus or should I say World War III, we can easily guess that Indian companies, especially companies that depend on the Indian economy, will suffer losses and reduce their employee account, which is perfectly fine. After all, it is about business. Emotions are not expected.

So yes, they will say goodbye to survive and recover. (The post ends here for you if you get the answer.)

(If you're reading, let's see what happens if they don't make layoffs.)

Now the question here is ...

Can companies survive without layoffs?

They can and cannot too. I mean, if companies don't lay off employees, they have to pay them out of pocket.

Major Indian companies like TCS, Infosys and others may need layoffs because they have a large number of employees. As the Indian economy suffers, companies must recover.

Startups like Swiggy, Zomato, etc., whose businesses are completely dependent on the Indian economy, may also need layoffs to survive on the battlefield.

If companies want to survive without layoffs, they have to find some alternatives ...

What could be the alternatives to layoffs?

If a company decides not to lay off, it has to form some kind of strategies to recoup the profits. It could be pay cuts or maybe cuts in allowances or bonuses or something like that. Because they can't run the business, just to feed the employees. But reducing wages or bonuses is not an easy task, because it will affect employee productivity.

For example, you earn 30k a month for working 23 days a month, and now the company decides to pay you 25k. Now, you might think about leaving the company, because you are making less money for working the same number of days.

Now the question is ...

Should you leave the company?

It doesn't matter, you just try to find work using portals like Naukri or maybe LinkedIn and you will find that hires are very low nowadays because companies cannot afford to give lucrative packages to new members. And if they can, the union will be delayed, which will consume the entire notification period and even the time afterwards.

Regardless, if you decide to leave the firm, it doesn't matter, where you are joining and when, your current firm has won the game. Now,

What was the game?

Instead of layoffs, companies use alternatives to deal with profits. They want to survive in the industry with the same force of employees. Since the alternatives affect you too, less severely than layoffs where you will sit at home, you will eventually leave the company. That means that, instead of the company leaving you, you left the company, which is a PROFIT situation for the company.

If you haven't concluded yet, this is for you ...

conclusion

If a layoff occurs, there is nothing we can do. If the layoff does not occur, companies can use some alternatives to recover.

Now it is up to us how we are going to react in both cases.

  • If you are going to be fired or already fired, you will get the job, don't worry. Just wait for the right moment.
  • If you are not fired, do not leave the company for money because the economy has already been disrupted.
  • if you are the one who is serving the notification period and received some offers,
    • I think he is in a better position because he is making a profit despite all these disturbances,
    • Besides, you are also in the riskiest position, because until you join the new place, you will be under pressure and burden, because a lot of news related to onboarding and delayed unions has been circulating on social platforms.
    • So be patient and do timed follow-ups of New Places.
    • Also, try to communicate through calls, rather than emails for quick and fast updates.

Think wisely and react calmly.

Also, stay safe at home.

Health,

Vimal

First, people need to understand that since the 2008 recession, IT services in India have been laying off people steadily for the past 10 years. It is not a sudden development or a new phenomenon. Only now you are getting more news coverage and visibility as the entire world economy is crashing. The main problem of the Indian IT industry is quantity over quality. They hire thousands of recent graduates, and many have less or no technical aptitude, analytical thinking, or problem-solving skills. The result is that there are many dead people who have managed to hold on to their jobs simply because IT services were receiving so many benefits.

Keep reading

1st people need to understand that since the 2008 recession, IT cos in India have been firing people consistently for the past 10 yrs. Its not a sudden development or a new phenomenon. Just that its getting more news coverage & visibility now since the entire global economy is tanking. Main problem with Indian IT industry is quantity over quality. They hire 1000s of fresh graduates with many having less or 0 technical aptitude, analytical thinking or problem solving skills. Result there are many deadwood who have managed to hang on to their jobs simply because the IT cos were getting lots of projs & their inefficiency was covered up by others in the team. Now with global economic recession many clients have moved from Fixed Price to T&M Billing. In the latter u cant hide behind numbers. Client will pay only for the actual resources in the team so Indian cos can no longer afford to dump 15–20 freshers in an account & try to get the work done. Also many people who joined IT In the hey days & moved up the ladder with literally no skills are now in the cross hair. They have no marketable skills, just paper pushers. Zero or outdated redundant technical knowledge. Huge salary which is a burden to the cos. Not to mention the innumerable people who use IT job as a paid study holidays to prepare for govt exams, CAT, GMAT etc. The people in the above 3 groups are the ones who are getting fired. Others are continuing as usual with their daily work!

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