How will the layoffs by Indian IT firms affect the freshers who will be graduating this year?
Every year, about 400,000 graduates with Engineering and Technology degrees from varying branches/disciplines graduate from universities in India. In addition, hundreds of thousands graduate with other degrees, including computer applications, commerce, science and arts.
In the past years, companies like Infosys, Wipro, TCS and others would go to campuses and hire tens of thousands of Tech graduates and send them through boot-camp like training that focused on programming and software engineering.
Years ago, when I first started my career in IT, my manager – a seasoned veteran – gave me a simple piece of advice that holds true to date. When I went to him for advice for career planning he ended with the old Chinese quote “Give a man a fish and you feed him for the day. Teach him to fish and you feed him for life”
In 2017, this hiring has slowed considerably and 2018 may be no different. If you are a fresh graduate, you should be creative and persistent in seeking opportunities. What are your options?
- Those with a degree in Computer Science or Computer Applications - Your obvious career choice is to look for a job with a software service or a technology company. If your personal situation warrants stability and not uncertainty, you could also consider other career options including careers in government, defense and public sector
- Those with degrees in other technology areas like Electronics, Mechanical, Civil, Industrial Engineering etc – This may be the right time to explore opportunities in your chosen field of study. By consolidating your education with experience in your field, you will have an edge in the long term.
It may seem like the well-paying jobs are reserved for those in software service companies, but the Indian economy continues to grow and requires young people with education, energy and the drive.
Bottomline: do not follow the herd. Follow your passion and dreams