Beyond Layoff

There is a is a recent article from NDTV   titled "Reskill Yourself, Hiring Specialist's Message To Mid-Level Indian Techies" The advice seems logical, and timely. As a matter of fact, most 'management gurus' and IT leaders are are parroting  the Reskill Reskill Reskill  mantra However, What to reskill on and How to go about it is unclear, perhaps even to the 'Gurus' Read rest of the article: Mid-level positions in India's IT sector are most at risk as the industry grapples with changes in the technological landscape and stringent visa regimes in many overseas markets, according to a top executive of staffing firm TeamLease. There have also been reports of layoffs by many IT companies, even though the industry has denied the allegations. "The nearly 1.4 million mid-rung employees, who typically have 8-12 years of experience, are now at the centre of reskill and restructuring conversations happening across the sector," says Alka Dh...

Three of India's top IT companies saw significant reduction of their workforce in the quarter ending June, according to a report in HT Mint . "The $154 billion Indian information technology (IT) sector, once India’s largest creator of jobs, is now struggling to even add to its workforce. For the first time, three of the five largest IT companies saw their workforce shrink in the quarter ended June 30. The five firms, which together employed 878,913 people at the end of the June quarter, saw their workforce shrink by 1,818 people." According to Economic Times , E-commerce major Snapdeal on Monday revealed that it is facilitating a major layoff in the company, with an agenda to cut down 80 percent of its employee strength. A senior official of the company told ANI that the management has given verbal instructions to their department heads to prepare the list.  Additionally, the official also revealed that the owners of the firm have reversed the merger which was t...

The New York times has an interesting article By NIDA NAJAR that highlights "Indian Technology Workers Worry About a Job Threat: Technology" The article highlights some of the key points in the article have also been discussed in the Indian media: Companies like Tech Mahindra and Cognizant have 'asked' some of their employees to resign. Some employees claim that they were escorted out by their managers and HR.  As per media reports,  these companies are "preparing to shed jobs en masse. “What we’re seeing is an acceleration in shedding for jobs in India and an adding of jobs onshore,” said Sandra Notardonato, an analyst and research vice president for Gartner, a research and advisory company. Sills and re-training seems to be a recurring theme. “Even if these companies don’t have huge net losses, there’s a person who will suffer, and that’s a person with a limited skill set in India.” However neither the article nor the employers seem to have a way forwar...