Why don't NRI's quit their Bay Area job to come and contribute to the motherland?
Probably because India cannot match the salaries and quality of life in US.
India’s IT industry laid off more than 56k employees this year
281–290 of 420 posts
Re: India’s IT industry laid off more than 56k employees this year
#282Earlier quoted context omitted.
> Only thing IITians are good at is self worship. It's almost as though you've got an axe to grind with people having any respectable pedigree.
They did damage to their own selves by flashing their degrees as some kind of life long privilege, while contributing a net negative to the Indian economy(As their education is heavily subsidized at the Indian tax payers expense).
> while contributing a net negative to the Indian economy (As their education is heavily subsidized at the Indian tax payers expense).
Below a link to a study from '08 that tried to assess the contribution of IITs to the economy. Perhaps some numbers might change your mind? (It's incomplete but includes the executive summary.)
https://www.ibef.org/download/Content_19dec.pdf
Perhaps an article (from TOI nonetheless)? - https://timesofindia.indiatimes.com/india/IITians-contributi...
Before you dismiss these with whatever reason, perhaps you can show some data to back up your point?
Re: India’s IT industry laid off more than 56k employees this year
#283It'll probably get worse for a lot of people. I work in the public sector, in a municipality. Our IT department has been relatively big on the server side, utilizing consultants ever so often to ensure best practices. To be honest I'm not an operations guy, and never have been, but I do work in management and my good friend who heads the IT department is struggling to find new roles for the operations people as we're…
Are you kidding me? All of those operations people should be immediately trained in cybersecurity and deployed literally anywhere in the country. If you’ve seen the latest password dumps and how bad they are, cybersecurity is getting worse if anything. Also, as of 2015 the Chinese had 60,000 dedicated cyber security engineers. This year the US I think has 9,000, maybe less, and they can’t even protect the US, much le…
I don't disagree, but cyber security isn't going to get funding at the expense of welfare in a political organization in Scandinavia.
So we have to make do. :)
Re: India’s IT industry laid off more than 56k employees this year
#284Earlier quoted context omitted.
Indian IT Outsourcing Industry ⊆ Indian IT Industry India is a huge country with a huge population and a rapidly growing economy and a domestic market. Even if it was true a decade or two ago, should we still keep assuming that anything that affects the Indian IT industry is caused solely by the outsourcing industry. Surely HN can stop having the same conversation every time anything regarding India and IT comes up.…
> Indian IT Outsourcing Industry ⊆ Indian IT Industry Indian IT outsourcing has been the vast majority of cash flow into the Indian IT sector, that much is undeniable. There is some actually good Indian IT talent out there and it's picking up steam, but that's not where the money is yet. And to the western/eruropean markets, Indian IT industry == Indian IT outsourcing industry. And the Indian IT outsourcing industry…
This is why blind CV screening and remote tests in hiring are crucial. We all have these biases and sometimes the candidates that pass those phases are surprising.
Re: India’s IT industry laid off more than 56k employees this year
#285Earlier quoted context omitted.
I suggest you go and check the senior leadership on LinkedIn for the current stream of startups and large companies. Even more - we have expats actually building successful and highly funded startups in India. Take a look at Zoomcar, Zestmoney and CreditMate. India is extremely startup friendly for foreigners - maybe not as friendly as the US, but definitely more than Europe, China, etc. We are one of the world's lar…
That is still very much a small minority. For the average Indian programmer in the US, there's very little incentive to move back to India purely for professional prospects. Let's face it, I'd much rather code for Amazon in Seattle than Flipkart in Bangalore. Other factors like the shitty visa situation (more and more people are chosing to move to Canada because of their permanent residency requirements), family ties…
In your case it's one...in my case its a dozen. But then, I'm from IIT Bombay - we have always been nuts !
But even the "one" is more than what used to exist earlier. A US job used to be the epitome of what you could achieve in your career. It's no longer the case.
I wouldn't presume to comment on you...but do think about it. It's brilliant out here and we would love for you to come and do the same.
Re: India’s IT industry laid off more than 56k employees this year
#286There are approx. 3.1 million employees[1] in India's IT sector. Is 56k (which is lower than 2%) so much? [1] https://www.quora.com/What-is-the-approximate-number-of-IT-e...
US tech companies actually had much larger layoffs however this were again in very low ends. The high and middle ends are booming as if we are back in 2000 bubble. Due to such disparity one should always clarify what kind of tech jobs one is talking about.
From https://www.bizjournals.com/bizjournals/news/2017/02/17/tech...
Computer, electronics and telecommunications companies shed more than 90,000 jobs last year, compared to nearly 80,000 in 2015, according to a new report out from Challenger, Gray & Christmas, a global outplacement firm based in Chicago. Tech layoffs accounted for 18 percent of the total 526,915 U.S. job cuts announced in 2016.
Computer companies were hit especially hard; layoffs in the sector were up 7 percent in 2016. Dell Technologies (NYSE: DVMT) was responsible for much of the uptick when it converged with EMC last year and cut thousands of positions. Intel (NASDAQ: INTC), IBM (NYSE: IBM), Cisco Systems (NASDAQ: CSCO) and Microsoft (NASDAQ: MSFT) also shed jobs, with Intel laying off 12,000 employees, or 11 percent of its workforce, per the report.
Re: India’s IT industry laid off more than 56k employees this year
#287Earlier quoted context omitted.
> Indian IT Outsourcing Industry ⊆ Indian IT Industry Indian IT outsourcing has been the vast majority of cash flow into the Indian IT sector, that much is undeniable. There is some actually good Indian IT talent out there and it's picking up steam, but that's not where the money is yet. And to the western/eruropean markets, Indian IT industry == Indian IT outsourcing industry. And the Indian IT outsourcing industry…
This is why blind CV screening and remote tests in hiring are crucial. We all have these biases and sometimes the candidates that pass those phases are surprising.
Remote tests put off actually good talent, they are insulted by that kind of waste of time.
As for biases, bias isn't inherently bad. Bias is critical to how neural networks operate in ML. Removing bias is to intentionally discard valuable observational data and harm your rate of success.
Re: India’s IT industry laid off more than 56k employees this year
#288If I read the article correctly, mostly or only the low-level jobs in the industry are laid off. Does this even consider all other low-level personnel like cleaners? That would make the whole story quite different.
Re: India’s IT industry laid off more than 56k employees this year
#289I truly believe offshore IT work was mostly a scam in the first place. The work they produced was of very low quality, and often was more expensive because you had to go back in and fix everything. The whole game was to overcharge western firms for cheap crap produced by shoddy programmers overseas. The IT outsourcing firms would pocket the difference. Come in and promise the world, overbill and underdeliver. Then th…
After 3 years of trying to cooperate with two of the larges Indian IT services companies for a large, corporate client, I find it hard to disagree with you.
The level of incompetence I have seen is absolutely mindblowing - to the point of me thinking, I must be part of a hidden camera prank...
I employ several Indian FTE developers, who are great, so it is not the "India"-sticker, that is the problem - it is the culture in the large, Indian IT-services companies, that is completely broken.
Re: India’s IT industry laid off more than 56k employees this year
#290Earlier quoted context omitted.
They did damage to their own selves by flashing their degrees as some kind of life long privilege, while contributing a net negative to the Indian economy(As their education is heavily subsidized at the Indian tax payers expense).
> while contributing a net negative to the Indian economy (As their education is heavily subsidized at the Indian tax payers expense). Below a link to a study from '08 that tried to assess the contribution of IITs to the economy. Perhaps some numbers might change your mind? (It's incomplete but includes the executive summary.) https://www.ibef.org/download/Content_19dec.pdf Perhaps an article (from TOI nonetheless)?…
Amount of non-IITians running/starting industries far exceeds in number. And they don't get the same funding or training or any human resources help in return. Of course if you run institutions for decades eventually good people are going to come out of it. But by and large most IITs are largely places to train people, and send them to foreign countries. Why should the tax payers pay for them?
An argument could be made to spend this money to improve public schooling infrastructure in India. And people coming out of that obviously would contribute way more. The scenario is a net loss for Indian tax payers. This is way more in lost opportunity costs.
Most of these arguments sound very similar the arguments against privatization in 1980s India. You can talk of the benefits of using tax payers money to manufacture bulbs while you don't invest the same money else where, where some thing real can happen.
Please feel free to run IITs using fees or whatever endowments you can get. Also most of these people harp day and night about how awesome they are, makes sense to generate some IP, sell that and make some money to fund themselves.