More pain for mid-senior IT employees as large companies plan further layoffs
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More pain for mid-senior IT employees as large companies plan further layoffs
IT employees in India, especially mid-to-senior level staff, stand the risk of losing their jobs as most firms are likely to lay off over 5-8 per cent of total workforce in upcoming quarters.
https://www.indiatoday.in/business/story/more-p...
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Six months means how much
Shhhhh… yeh sab baatein political section main…. idhar topic pe bane rahiye aur admin ke nazron se bachiye… 
first the IT outsourcing made local workers jobless. now AI making human jobless.
@chirag.b please check pm
In iPhone no option for chat
This is the way It industry works
Expensive resources equals to lesser margin
So a person of 30 Lac package is equivalent to 10 freshers
If he does not justify the package through work and innovation in organisation, automatically becomes a candidate for pink slips
There is a salary bubble now, where there is huge pay gap between lower tier with good skills and higher tier without any special skills. There is gonna be huge pain for them.
They may have already earned good money. They should take the VRS. Any way, the companies offer 3 to 6 months severance package.
After taking that money, they can again try job elsewhere, if they are still interested to work.
It is a good LOOT for them to get 6 months salary without working.
This is a good positive for senior employees.