Vikas wrote:Is this Hai-toba about layoffs is because IT is in high visible area. After all laying of few thousand folks should be normal if your work force is around 2 Lakhs. Not everyone can be a great performer.
IT as in recruiting thousands of fresh college graduates and putting them in a billable role in some ODC is past its sell date.
In 3-4 years, I expect the big giants of Indian IT to be either changing directions big time or dying at a very fast pace.
Cloud and digitization would change everything.
Actually industry managers and leads forgot that with an inflation of 10%, salaries would rise rapidly in India. With reduction in cost arbitrage, a proportional increase in talent capabilities was required. Apparently no one thought about that.
Now we have a situation wherein India is not simply cheap enough to justify offshoring at lower end of service offering. At higher end there is a drastic change in landscape with IOT, ai, machine learning etc. These are skills that simply can't be learnt overnight like java, c which propelled Indian outaourcing to the forefront.
We do not have a competitive university system that responds to changes in landscape fast enough.
People might agree/disagree with the importance of this but I have seen universities with courses in 2017 like 8051 microcontroller and exchange server 2008. Compare this to latest courses from georgia tech or texas univs. They have self driving cars, ai, data science, am335x and what not. Also GA tech has moved their masters in comp science program completely online and slashed cost to 7k usd besides increasing enrollment to thousands now. How the hell would we compete against such an offering.
It is time to wake up if someone is listening.
Apologies for the long rant.