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India’s IT industry laid off more than 56k employees this year

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Re: India’s IT industry laid off more than 56k employees this year

#161

Given the number of graduates who join the workforce every year in India, plus the traditional model of companies to maintain a bench for graduate engineer in anticipation of big contracts, the number doesn't look disproportionate. Apart from all the politics and shifting revenue targets (which are the culprit to a great extent), todays technology trends clearly indicates a lot of "high-valued" job are going to be re…

It is very difficult to get good carpenters.

Re: India’s IT industry laid off more than 56k employees this year

#162

Earlier quoted context omitted.

I don't think Ukraine is catching up to India, it's just different work. In my experience, the typical job going to Ukraine is a different breed. If you can deal with the time zone and language barrier, they have a weirdly large supply of very competent developers. In fact, C++ devs from that region are the secret sauce to a lot of large codebases I've seen.

> they have a weirdly large supply of very competent developers. I've noticed this as well. Very strange that it is so "poor" but so talented. I guess that probably won't last.

The country, as a part of USSR, used to have an accent on industry development. Its higher education used to be free, and largely remains so. In 1990s, it turned very poor, and is still far from average European level. Hence a generation of very advanced developers asking rather moderate money. I hope it will not last, because the level of consumption and wages will rise :)

Re: India’s IT industry laid off more than 56k employees this year

#164
Far more companies are replacing India talent with Pakistan talent. The per person cost is what India was about 5 - 10 years ago. However, things will slowly change again, but I'm hoping that these economies start just doing their own projects and competing at the company level not just the outsourcing as there are definitely people we should be paying locally to do the work (at a higher price - remember that extra 1 trillion dollars to the top 500 people?).

Re: India’s IT industry laid off more than 56k employees this year

#165

These people are mainly relatively unskilled. These companies are notorious for hiring entire batches of graduating students. Situation in top tier colleges is lot better. This can be seen from increase in placements in IITs this year.

>This can be seen from increase in placements in IITs this year. That's probably because they are pushed by their families, "go and study IT, this is the best paid job at the moment". That doesn't mean that the value, skills, abilities of the new graduates will increase, I tend to believe the opposite.

What do you mean by pushed by their families? You don't seem to have a good understanding of educational institutions in India. IIT entrance exams are one of the toughest exams out there. Please read this page - https://en.wikipedia.org/wiki/Joint_Entrance_Examination_–_A...

So even if families pressure their kids, they will not be able to get an admission in these institutes unless they demonstrate required skills.

Here are past exam papers - https://www.jeeadv.ac.in/Archives-Past-Que-papers.html

For value, skill, and ability, please google the research done by the students at these universities and the firms that hire these students.

Re: India’s IT industry laid off more than 56k employees this year

#166
To be honest, it seems like they have better opportunities with these jobs available, but these people are probably better off in the long run without it, and our companies are probably better off not depending on these services in the first place. Its kind of an unnecessary evil.

There are some jobs I've had in the past that didn't pan out, and I'm glad they didn't because I wouldn't have grown if I had stayed in them.

Re: India’s IT industry laid off more than 56k employees this year

#167
post #153

Earlier quoted context omitted.

What is said is partially true. The curriculum wont get updated soon enough to catch up with industry trends. However Basic and Logo or Excel is not true. I graduated in 2004 and Java was the most prominent language we used, followed by C++ and then C. All of these are very relevant even today. However it was upto the students to explore more outside of what is taught in the curriculum. Even if you are not willing to…

>>The curriculum wont get updated soon enough to catch up with industry trends. No instituition. Not even in the US or any part of the world, will rewrite their syllabus and text books every time something the equivalent of React or Angular JS comes along. You generally teach the base skills from which much can be learned and grown. Also I don't understand this thing about asking colleges to train people in the lates…

> Not even in the US or any part of the world, will rewrite their syllabus and text books

The situation is different in India.. Our schools, though are called the same name as institutions in US, are basically skill training workshops. Last time I checked there are 100000 graduates coming out of school in each state, and there would be at least a million engineering graduates produced every year throughout whole of India. Remember there are no strict rules and things have to change with the changing world. India needs to think different than the rest of the world.

Did I mention Angular or React? I mentioned ML/AI, and latest Data structures which is 100% relevant for any recent graduate to learn or at least be aware of. React and Angular are just libraries and any one can learn them if they have solid programming base.

But ML/AI is a very different beast as they require you to have good solid understanding of mathematics, statistics, probability theorem etc, which is difficult to acquire outside without spending considerable amount of time.

Re: India’s IT industry laid off more than 56k employees this year

#168
As a final year undergraduate, this scares me a lot.

Not sure why this made such big news because this is pretty much evident once you talk to a majority of cs undergrads, they literally have no idea and interest in cs but are in it because it is, well, 'trending'.

Re: India’s IT industry laid off more than 56k employees this year

#169
To me, one of the indications that Indian IT is out of ideas & unlikely to move up the value chain was a string of stock buybacks this year by all major players. I believe a company invests in stock buyback when it feels that it does not have any other better uses of the money. Basically, they dont have/ can't find avenues to invest money where the shareholder growth will be much better than buyback.

Re: India’s IT industry laid off more than 56k employees this year

#170

Earlier quoted context omitted.

Can you share some numbers? If you count colocation as cloud, I think there is a wide range of products and services you can use.

Sorry, I really can't share any numbers. I guess for us the biggest stumbling blocks were legacy systems and software licensing.

You were wanting to move your licensing to the cloud and decided against it? Any particular reason?
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