The Great Layoff: Thousands of Indian Tech Workers Are Now Jobless | Vantage with Palki Sharma

The Great Layoff: Thousands of Indian Tech Workers Are Now Jobless | Vantage with Palki Sharma
More than 200,000 tech workers have been fired globally this season. Out of this, atleast 60000 of them are Indians. What is the reason behind this string of layoffs? Palki Sharma tells you more.
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#Layoffs #vantageonfirstpost #palkisharma #firstpost #worldnews #globalnews
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[@anups7958]

Amazon India seems to have gutted into customer care! Nowadays it’s extremely difficult to reach an actual person to resolve your issues…you only get automated responses and scripts.

[@letseee1595]

Exactly

[@braxford6441]

That’s what you took from this ?

[@Bandhu241]

Customer service cannot be provided by humans. Since humans cannot handle 24 hour support with context and fast enterprise search, that time is gone. With Speech to Text and Text to Speech, a human is replaced well.

[@krishnaraju3165]

Atleast home prices will come down and become affordable for a common man. It’s tech employees who pushed up everything !

[@renjithvikr]

The same thing with Zomato. I own restaurants that are listed on Zomato and earlier they used to have a SPOC or an account manager who's an actual human to respond to and redress issues. Now it's just some preset FAQs and chatbots that to a pretty fuckal job.

[@kinboon3138]

From 1989 to 2020, I was layoff 3 times. Each time I get a better offer after layoff. During this period South East Asia, countries (Singapore, Indonesia, Thailand, Philippine and Malaysia) had layoff millions when the MNC move to other country. This layoff is a norma. It is a biz.

[@amrutha.pkumaramrutha7650]

u r a software engner

[@JM-gg8ko]

Alot of us adapted too in that timeframe. I started with C++ in the 1990s, then added SQL and phyton but what kept me employed is gaining an understanding of drug interactions and physician work flows that pretty much separated me from typical IT. Find the underlying demand and not the obvious demand because they can easily find talent for the obvious.

[@kinboon3138]

@chon hmt Bro, I did mention that I was layoff 3 times during 1989 to 2020.

[@kinboon3138]

@@amrutha.pkumaramrutha7650 Software engineer commend high salary nowadays. No, I am not.

[@truthaboveall7988]

Only this round we will see millions of jobs gone forever then 10’s of millions then 100’s of millions then entire Industries & sectors We r entering a v different landscape w this tech revolution

[@gopimenon123]

Real life paradox😮 Learn programming, Invent AI, Get sacked by AI

[@shubhanggupta8807]

😂

[@NaaneVinu]

Accenture meant hire&fire, and they were doing it without any reason and economic slowdown is a festival for them .

[@sandykumar3385]

Exactly... Accenture is hire n fire based company .better to ignore them

[@KingAlphaOmega]

Ignore such companies they'll shutdown and beg on streets

[@asclepiushermestrismegistu7489]

Most Tech companies are worthless. Rushing to self destroy seems to be the herd mentality.

[@nishantshrivastav9368]

@@sandykumar3385 wait and see how whole IT will collapse

[@PrajithMA]

@@nishantshrivastav9368 ha ha this is what everyone used to tell for years. Nothing is permanent in this world, but IT is the backbone of Indian economic growth. If that collaps, every other sector in India will be collapsed or badly affected. You can be jealous to the IT guy next door who is living a better life than you, but you have no guaranty whether you will be alive even on the next morning, so what's the point in being jealous..

[@krishnaraju3165]

Atleast home prices will come down and become affordable for a common man. It’s tech employees who pushed up everything !

[@kirtikunjdas717]

Tech Employees are also waiting for the same :D

[@kill3rbyysight]

sarkari naukri jesa swaad ni kahi bhi

[@sandeshpandit5540]

yeah!! never thought of it actually.

[@AdamantMindset]

highly doubt. prices never go down

[@prathmeshsingh3912]

@@AdamantMindset says who? Even if prices don't go down you will start getting huge discounts :)

[@exploreandunravel5773]

Rip to those who studied for sonlong and worked at BIG TECH for years , only to realize that they were HOODWINKED to become SLAVES .

[@varun123456788]

Thank you so much for making a video on this. The numbers are much higher and aren't even reported for smaller firms.

[@from_hell__]

it will even higher..............once they block indian visas it seem chinese and phillphino are not effected......they only seem taarget indian workers............but worst is not over.... it seem indian workers are targetted............... This afther effect of close association of Russia.... soon we see more us and west companiec pulled out,when sanctions kick in.................

[@psquare2260]

India should reduce it's dependency on foreign market and increase the size of domestic market.

[@yuanyuan4714]

Exactly🎉 every country shall take care of and manage their nation and people well First

[@ayonbiswas4186]

For that, they'd need to invite segregated communities into the economy by upping their income and the only way to do that is to invest in the edu-health sector for commoners. "They" will never do that!! It'll mean breaking Bharat's society itself for them!

[@MarekKolenda-lg8ix]

Shalom Viva Obama unfortunately right

[@eaman11]

You do know that India IT workers do work mostly for foreign markets because the labour cost is way lower in India? You get what it means:? More people that have to work in India -> even lower salaries in India.

[@deezeed2817]

Not possible. India is capital poor, It needs to import capital from the capital rich imperialist countries. It hasn't done a good job at it so far.

[@Raja-ct9xq]

When they say# I took the responsibility, all they mean is, I'm going to make someone else suffer for my decision & I still need to have that hefty pay check and bonus.

[@LegendTD]

"i take responsibility" means "haan, meri galti hai. tu mera kya ukhad lega?"

[@Coldbird1337]

and finding ways to be a great like Caesar and control humanity.

[@ilectron]

same feeling bro. how are they actually taking the responsibility.

[@ajithjoj]

Choothiya talks

[@cinpeace353]

They over hired, so they took the responsibility to fire the excess.😅

[@judewarner1536]

This is what happens with unfettered capitalism. Barely Regulated they hire at need and fire on a whim.

[@loendsti]

certainly better than slaving away in your delusional utopia

[@andreasleonard0]

We are currently in the jaws of the worst bear markets I have seen, the average stock has been cut in half, and the only way to make money this year has been to either short or to trade long in very short time frames. I'm still at a crossroads deciding if to liquidate my dipping $117k stock portfolio, what’s the best way to take advantage of this bear market?

[@ardeand]

@@andreasleonard0 While there’s more pain to come, investors should look for stocks like Royal Philips NV and Alstom SA that have been beaten down enough that they’re a bargain or get a good portflio manager.

[@kevsmills]

@@ardeand My husband and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more

[@vivianecardoso0]

@@ardeand You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a broker, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst

[@viswanathankrishna6558]

Meanwhile non IT CS engineering students studying python to get tech job

[@avinashrockstar]

​@Hello! Yes but most of the core guys have looted IT jobs from CS/IT backgrounds😢

[@Shiva_shankar-w8p]

@@avinashrockstar hahaha true...

[@tanishgupta2485]

You should consider organizations like ZS also who are counselling out people in name of random issues like performance even freshers are being laid off and that is such a secret in the organization

[@indieboy1033]

@chon hmt Silly. Use actual brain and do genuine criticism.

[@indieboy1033]

Greed of freshers and influence of populist influencers. Freshers without any real skill are getting 5Lakhs. They do not produce any result for 1 yr. This is the cause of freshers losing jobs.

[@Shaggydog127-ht3oc]

Go to RSS and become Gau rakshak

[@from_hell__]

it see chinese and phillphino are not effected......they only seem taarget indian workers............but worst is not over.... it seem indian workers are targetted............... This afther effect of close association of Russia.... soon we see more us and west companiec pulled out,when sanctions kick in.................

[@vishnuabhi9970]

@chon hmt use your brain fool!

[@krikdan3871]

I feel like the rise of AI is a big contributor to these happenings.

[@Pritha879]

Yes .. and saturation in the IT sector in terms of employees

[@Misael8924]

@@Pritha879 You won't own anything and you'll like it. Eating modified bugs as well. Can't say Klaus didn't warn you people. Great Reset 2030. Prepare now ? Or be a slave and mark in the forehead or right hand slave.

[@fernarias]

No, this is the rise of bureaucracy within a company that bases wages on how many people you manage. They basically hired people that the company never needed.

[@tca666]

Well many tech workers are not that smart anyway theyre mostly self proclaimed

[@johnsmith-cw3wo]

@@fernarias and again China will benefit from RISE of AI to counter FALL in demographics.

[@adams6798]

I encourage Indians to move to Zimbabwe, SA, Mozambique & Botswana lots of tech entrepreneurship opportunities in those countries. Most importantly those countries are good friends to India. Indians should start migrating to Southern African countries for opportunities, East Africa is not bad either.

[@hbc511]

Life is great. Luv it. Great program. Bring it on. 😅😊😂😢

[@lilpiepie]

The US needs to stop outsourcing IT projects to India. I work in IT and have to deal with developers in India because of our projects getting outsourced. These developers produce low quality work and we always have to end up cleaning after their mess.

[@hemantpanchpor]

This is how they're "leveraging" India with these companies. Time to get "India first" and depending on "domestic economy" rather than foreign companies and investments.

[@shirishkulkarni832]

Who thinks of the indian economy no one since 1947 no one is thinking of indian economy

[@shaswatshrey9712]

INDIAN economy is highly domestic 60% is within the country and as fas as jobs are concerned then private sector is the place where people of india will contribute, government can regulate the sector and on ongoing trend of this country little to no one wants to be in business field and "india first" is going to be done by "indian people only" and till the time there is no option of indian substitute the foreign brands gonna take the benefits from the country

[@sandeepk5154]

Few years back in flight, a girl was sitting in seat adjacent to me. She told me she works in IT sector and said govt. Sector me job ka maza nhi..... But now I realise how wrong she might be in terms of job security

[@rajakarthick2099]

Govt job🔥

[@studfinderball]

In 2008 my non tech cabinetmaker job at $20/ hour disappeared. All that was left was the same job at the immigrant wage level of $13/hour. I worked at that wage until I took early retirement at 62 in 2014. Capitalism sucks, in America or India.

[@yummm8775]

I highly suggest that India implement the ONE CHILD policy immediately. If not, poverty will only get worse over time as resources shrink and prices go up. The future will only get darker if no action is taken. Mother earth can only support so many people, it's NOT unlimited.

[@ablesentry7070]

If that's a majority of Calcutta "tech support" scammers, then fantastic.

[@rkg3902]

yes true.. many people are getting laid off even in USA... all people should be careful and should save money to survive at least for 1 year without job...

[@plusblood5101]

Impossible for majority Some people live for the next check One year is a dream

[@Coldbird1337]

problem is, according to stats, the younger generation of americans that entered the workforce are actually 4-5k in debt if not more (cause of tuition), and as we all know, banks lose people's money, but not their debt. It also doesn't help that the lower rungs of many ladders, the low hanging fruits of different industries are disappearing, making what's left bad and scarce.

[@asoka7752]

A lot of workers in these tech companies are incompetent. can't even program well. the reason why there are mass lay off is because during pandemic a lot of incompetent people were hired, women were hired for the sake of diversity. and now when western companies have no money, they push indian companies to remove their resources, so they go for poor performances. if you are at least average, then you are are not affected.

[@kimakhiangte]

​@@Coldbird1337 but by looking at average wages/salary data, they shouldn't have much problem paying off their debt, but their lifestyle don't afford it. It seems like most of them focus on their wants instead of focusing on their needs. They prioritise their shiny dresses and latest iPhone over their monthly savings. But when reality hit them, it's almost always too late for them. I've seen many immigrant workers that work blue collar jobs who own their own house, live comfortably and have tons of savings. I think USA need the most is reforming their education system.

[@ajithjoj]

@@plusblood5101 you are correct 👍

[@US_Military_Bots]

But Palki gave us her word India is immune to a global recession.

[@jedimind5337]

haha

[@man_named_nobody]

Yup, remember that.

[@Karma_will_get_U.]

Only fools believe godi media. What is her word?? Will she pay any penalty for saying what her masters tell her to say. She can say whatever she wants,its the people who have to judge what is true and what is propaganda. This is media in the 21st century,all controlled by big pockets.

[@9876karthi]

Just a mouthpiece... nothing else.

[@youtbeederry4319]

Anti climax

[@biggoofer]

When 200000+ Indians found jobs, I was laid off here in the USA in early 2000s. One of those jobs was mine.

[@muhammadyousufkhan7857]

Exactly! Same thing happened to me in Australia

[@plant_leaf]

Vote Trump in 2024

[@chandrankarppaya4940]

Turning point not to depend on too much in tech companies. There are abundance of other opportunities in India itself only need to be tapped.

[@simplethings9683]

When someone says "I take responsibility" ; other than simply the words how are they taking responsibility? Are they firing themselves without any package? or are they taking pay cut? Are they for-fitting their golden para-suite? It so pathetic - when someone says I take responsibility.

[@diversifyclub9259]

Hi guys, I am working as a Software Tester in one of the startup companies, where yesterday out of 80 employees only 15 employees got selected to work back, where the others are given a long break, the scenario was really scary and tragic, what is happening to the IT sector? On one side people are scared of ai tools like chatgpt and on the other side global recession, i hope everything recovers soon.

[@cannibalronny7314]

better to upgrade u r skills and have a plan b option,dont waste money on useless things,an alternate earning channel through own business or freelancing has to be created

[@TheKumbakonam]

No I want you IT guys loose jobs😂

[@avinashagnihotri5616]

​@@cannibalronny7314 shut up

[@shakthivelsaravanan9263]

It will not recover soon

[@Behappy11231]

As long as modules are man managed ,jobs will be there . More of automation and automation language become humanless , no jobs. Westerness are never supporters of huge crowd of employees . This is an "everythingnothing "cycle , mankind to learn to live "with everything" and "live with nothing " alike . Our families must embrace this cult again and balance ourselfs with the habit of austerity in every act of life and protect us from falling into the pit of economic extinction.

[@krishgounder5116]

Start farming. You will always have nutritious, fresh vegetables 😂

[@tubby6007]

Yes

[@el-sig2249]

On the contrary, I take your comment very seriously. Indeed, industries associated with food, clothing and housing are the most important ones, and they're sustainable. Most tech stuff is nonessential.

[@Shabbirkhan-pv6tk]

100% India has a large potential in agriculture as it has highest arable land in the world.

[@2006minesh]

Typical insult by a convert

[@vaishalirama]

😂

[@jishanthjoy1466]

Indian gov should help these Indian people to start business in India, that's what needed

[@adittypublications4141]

Starting a business is not going to solve the problem - Not everyone can do business as it requires finance, skills and manpower - So the government should go back to basis of "be indian buy indian" and we should learn to live within our means - My grand father bought a house without a home loan and today we live in a world of loans which simply increases inflation

[@soumyanilroy8402]

@@adittypublications4141 my grandfather both maternal and paternal build a house with help of loans during 1970s and 1980s .

[@jishanthjoy1466]

Not everyone can start business, but they can or gov can start new business where their expertise or experience can be useful . For example those from Facebook they can start new Indian version of Facebook, Twitter or Instagram etc .

[@adittypublications4141]

@@jishanthjoy1466 For that we have to change our mindset, because we always follow anything from west - Even if you start a similar app like facebook, our people will still follow facebook and twitter - How many people are using our local brands - Even we program our kids to study and work in U.S - Then how can we grow - First we should stay in our own country , study in our native languages and work to develop our own country

[@prashantvarshney2911]

@@jishanthjoy1466 Lmao if its that easy govt itself is increasing taxes here and there, already there's a lot of competition in the market and of course funding for startups will decrease drastically and yes not everyone has a mindset to handle a business

[@pritak1206]

Irony,Majority Indian politicians have been getting all kinds of benefits without any constructive work . Indian political system should b corrected.

[@webwealthplanet]

I really like Gravitas a lot and love to watch Ms. Sharma. I have a lot of respect for her and her journalism. Maybe, she or India's government could go after all those scam call centers in India that is preying on our old gullible people around the world, mostly in the U.S., that are cheated out of their retirement funds.

[@kusumlata-of6dc]

Lol , she is no less than reader

[@jacksparrowcapitan3232]

There are always raids happening on these centres and people are getting punished. But still a lot to be done by Government

[@kshitijsingh1894]

​@@kusumlata-of6dc yes the person who shoutes at your face is an anchor right????

[@sreyanshuchaterjee3962]

A lot of scam centers operate out of my city. You see India is a functional democracy. My state is woke and more about minority appeasement and does not heed the ruling party narratives to wipe out corruption. Off late with elections around the corner, rhe police is on overdrive. Last month 23 fake call centers have been busted. Have faith we are slowly combing down. India is a huge county with muthcultural nighmare and dangerous religious cocktail of islamists and other radical elements. Things will take time but the police is doing much better You will be stunned to know, of all these fake call centers getting busted, arms, drugs and unaccounted cash have also been recovered. This is a mafia operating underneath with tacit support of local political support.

[@asphaltXNoob]

This is firstpost bro.She left gravitas.

[@parthibank2736]

But everyone in India seem to be not worried about what is being told about lay offs. Youngsters are seemingly happy. Middle age people are very happy Seniors are happy with Whatapp news about India ruling wirld. Politicians are happy for stalling parliamentary proceedings. No one seem to bother about future of youngsters, including themselves. Very sad and thanks for reminding people of reality.

[@matthewthomas0330]

More time to do what YOU want... Heal the world.❤

[@harishbheem1350]

Please reduce the salary of the techies and for freshers

[@vinodmadan4721]

Chatgpt hasn't even fully started working yet 😅. Imagine if they are rolled out to it's max potential. Evolving and developing new skills are the only way to survive. I faced the same in 2008 financial crisis and was about to return back to India from US but switching to a new domain and skillset, I was able to ride through and remain in the US switching to a much better and bigger organisation.

[@marvellouschandan]

What role you switched from and to?

[@bora3.14]

​@@marvellouschandan social media influencer ha ha

[@bindra1731]

So India is so bad that you are happy you did not return ?? If you adapted to a dire situation in US you can surely do this in India as well and also serve in so many different ways !!

[@curiousLeafy]

@@bindra1731 why would he want to do that India ? To smell the poop in road?

[@vinodmadan4721]

@@bindra1731 did you read completely ? I said 2008. Yes things were bad in India in 2008 compared to the lifestyle in USA. Fast forward to 2023, India is a much better place to be now with so much growth and facilities that are available now

[@Jajo765]

Good to know she also report on other issues in India other than spreading hate against minorities in india.

[@mortisdeus]

But adani fired 0

[@karenk3593]

This is why I shake my head when I hear the US government and economic experts going on and on about how great the job market is and how companies can't fill empty positions, while in the same newscast including these layoffs, like there's nothing wrong with that picture. Do they think we're daft? It's appalling how the US treats it's immigrant workers, even after years of work and having children in the school system, etc. So foolish to kick out the geniuses who could probably figure out how to fix the problem.

[@laceygreenwood]

Indeed! Hope for the best. Prepare for the worst!

[@libertytan234]

Say something about INDIAN SCAMMERS. ARE THE LEADERS DOING SOMETHING TO STOP!!! THIS? IT destroys the good image of INDIA AND YOUR GOOD POLITICIANS.

[@redheatredheat9906]

Doesn't this seem like an opportunity for us to make our own products? People from all variety of skill sets are out of job, they can meet n think of something they can all together work for with those skillsets

[@prabhakar0076]

Startup's r not easy for slave mentality people, who wants to settle a job for dollars. Genuine problem solving startup's r even harder.

[@redheatredheat9906]

@@prabhakar0076 true, but I thought education and experience would pump in some guts n valour.... When it comes to food n running a household, people often tend to do unexpected things to make ends meet....

[@prabhakar0076]

@@redheatredheat9906 yes, Necessity is the mother of invention. But those people r not Normal people, who show the way for others.it's not education/experience, it's Mindset. Present pump and dump, Chinese, USA dollars backed startup's will be out of business, adding even more people on roads

[@fritzsmith3296]

@Redheat Redheat: "can think of something they can all do together with those skillsets." Prayer is their best choice. Read my comment above. I'm a business school Grad with a 3.4 GPA (1986). And have been studying world economies since 1986. The best "new skill" you're talking about will be cutting expenses and saving money. Note: after graduating from bus school, I worked as a financial planner for 20 years. Here's what I found. We would add up all the expenses and income of our clients. And? A huge disparity was the result. Almost 30% of what our clients earned could not be accounted for. That's called "discretionary income". Money spent on stuff you don't really need to live on. And the spending is driven by long term habits over the years. Ever hear "spending rises to meet income?' Little by little we keep spending more and more as our income rises on stuff like $4.50 for Starbucks every day and other items we don't really need. Once that habit becomes ingrained, we think that we CAN'T do without it. Until we have to make cuts by force of less income. "all come together"??? How are you going to get that done? The best you can do is educate yourselves on where you're wasting your money. And create wise spending habits. Are you ready to do it? My guess you will look for ways not to change long-term habits before you do.

[@Tom-fw6bx]

The first step is to go back to India. Why try the butt off the stay there.

[@skwish6401]

Why Indians are not trying to reduce population growth and better family management for human development.

[@nitinbendre9801]

Are Indian tech companies like TCS, Tech Mahindra, or Infosys, immune to the recession? Hardly any news of layoffs in these companies...

[@amitswain7228]

Thats the difference between 5lkhs and 50 lkhs to freshers

[@chsuresh009]

@@amitswain7228 but with 50lkhs you are already covered for 10 years.

[@amitswain7228]

@@chsuresh009 yea thats okay if someone is jobless for 4,5 months.who earns 50lkhs must have savings for 1yrs.and they will definitely get job in 4,5 months max

[@pjazzz353]

Good to see you again.

[@zest6932]

56 percent of earnings of IT companies goes to paying wages to employees(coined as TWITCH-tcs,wipro,infy,techmahindra,cognizant,hcl tech)..when u compare that percentage to other sectors its phenomenal..the loyalty in IT sector is also at historic lows and they are the ones with the highest perks compared to most of the sectors except for airline and hospitality..So when something goes wrong, jobs are going to be cut to keep project life cycles intact..even until recently we had employees working full time for two companies and having two salary accounts and two pf accounts in many cases and most them dont want to go back to office when people working in other sectors have gone back to work..its high time reality struck them and it has..in the future,these life cycles are going to get smaller and smaller

[@aosaeanor]

Salary is the single largest cost of any company. That's one reason why Govt sector face issues. They have huge manpower often with little current knowledge and there is no possibility to lay them off

[@methane13]

Going back to office or not may not change much I feel.

[@prabhakar0076]

They let them work from HOME in first place for an easy layoff 😂.

[@aosaeanor]

@@prabhakar0076 The working mass of India still has a hangover of the manufacturing work style of 1960s & 70s .They work better in a contained walled unit under instructions. But left on their own their performance dips & its common to see the Work from home system being misused .

[@prabhakar0076]

@@aosaeanor SO u think apart from INDIA, WFH is a major hit in USA and Europe. Performance always hits in WFH culture bcos now they r concerned with home chores and other distractions(life works) wrt work. WFH increases stress and they finally quit, true for west people, so the mental health counselor r in high demand there. But in INDIA,people can cope stress and do double jobs 🤣 until they r laid off. Indian IT people r greedy that's for sure.

[@natsumidesu8019]

That’s the result of India’s siding with Russia and swaying away from the West,sometimes economy should come first before friendship.

[@yuanyuan4714]

Everything has its two sides, those laid off Indian technicians could start to build something for India instead of working for foreign companies.

[@prabhakar0076]

😂😂😂, yes please but who would invest SVB bank failed😂

[@yuanyuan4714]

@@prabhakar0076 There are tons of Indian billionaires I think. Good ideas/ projects would worth being invested, Especially serve for the good of one’s own country.

[@prabhakar0076]

@@yuanyuan4714 They already invested heavily in economy, No more in IT development bcos IT is matured but will in manufacturing and other domains. INDIA is so Complex that it will sustain any apocalypse bcos of different layers of economies

[@rashaadebrahimkoff2546]

Not only in India. The bubble will burst right across the world.

[@DK-ev9dg]

India's countless problems give psychological shocks and jolts to people outside India who strive for betterment of humanity and want India to prosper.

[@shubhamer2000]

You cant stop economic shocks during intervals due to various circumstances that you cant stop it is bound to happen

[@BOT-er9yt]

Lol india doesn't do shit for people outside its their iwn country where thy life doing this

[@chris-hu7tm]

just buy gold,silver and bitcoinbecause banks will fail and the current fiat money will be worthless

[@RanjivKurup]

The retirement age for most software engineers is 35. There are no opportunities in the industry thereafter, unless you're bumped up to management.

[@PrajithMA]

Do you even know what they do in IT companies..? No one in IT are retiring at the age of 35, I am 37 now and I am still writing code and making a decent amount of money.

[@Ioh_442]

Facts🙌

[@truthseeker327]

India should have invested in the manufacturing sector before spending huge on the services sector. Atleast we would have a manufacturing base for people. The lack of manufacturing jobs in India is not good , see China as an example of a huge manufacturing jobs

[@Truthfully2k]

During the development of software, a lot of tech professionals would be required. Once software is developed & automated, you only need extremely few tech professionals. Now with intervention of AI, most companies will reduce extremely the % of human workforce. In the long term, IT team itself created this chaos, that’s now affecting all industries. Companies don’t consider that their employees will also be their customers. Atleast lets work together to stop AI being introduced in companies. Prevention is better always better than cure!

[@prettyme3150]

You said it all. The tech professionals brought the doom on themselves. The exact same scenario is created with people using ChatGpt. Free now for all to use but not. I guess the huge salaries they are being paid covers for all those times they'll be redundant with no jobs. I would advise them and anyone earning big to save in these uncertain times.

[@diversifyclub9259]

Nicely said.

[@prabhakar0076]

It's not AI baby, AI can't even understand languages other than English. It's currency that lost value and USA IT client companies r doomed. Here people r working for wrong MASTER 😂😂😂

[@Truthfully2k]

@prabhakar - I believe you have not full understood how AI can become powerful. For example, recently AI developed images of 2 famous political leaders hanging out, together. A common person would think they are in a relationship or the international visit was for strategic partnership & fun time, when actually nothing ever happened etc. Nokia built mobile phones for sole communication purpose, but as technology advanced we have smartphones like Apple & Android that supports most of our necessities from shopping, banking, travel etc. Eventually, travel agencies shutdown, supermarkets & banks reduced staff etc. It's about a matter of time, humans will realise that AI & Automation was a mistake. With these technology progress have we made our lives happier or more challenging to survive? Recession has become a common word now. Let's not become fools to technologies that destroy our relationships, EQ & IQ.

[@rayyanabdulwajid7681]

It's not AI. It's just that a lot of repeated stuff has been automated.

[@aloysiusambrose3100]

That's the kind (& a few similar ones) of news to be hammered upon. Thanks.

[@jeremypearson6852]

This is exactly why India needs to create its own jobs and not be so reliant on foreign companies. The amount of layoffs at Amazon are a minute fraction of its total workforce.

[@skandamurgan4378]

I am in education sector it is helping our sector to deliver better content.

[@peterwilliamson8721]

Pali I wish yourself and WION could be on television if only to give the ppl of N America an idea of what's going on.

[@parasuramb5656]

She is no longer in Wion ..now it's Vantage

[@NishantSharma-tr6xl]

@@parasuramb5656 why ?? better pay jump ??

[@taralshah100]

Best news I ever heard about recession. Now I will back up the truck and buy all Tech stocks, on cheap, mentioned in this video clip. I learned this for you my Hero, Late Rakesh Jhunjhunwalaji Hoooooveeee!!!!!!!!!

[@smesui1799]

The tech downward spiral actually began in the mid 1990's when aerospace began downsizing. Now there isn't much left of it in California nor in Massachusetts.

[@universalfactsbyharishtiwa3884]

See this video just because of you. I love your way of delivery & you already know it as i am not new to you. We are mushrooms of same pie from the days of of WION.

[@Honestandtruth007]

During and After the COVID-19 Pandemic, it Seems NEVER A GOOD NEWS 😢😮

[@kavitaredkar1818]

Thank you so much 🙏🇮🇳

[@krishna_KaraokeZone]

These"so-called" CEOs say they take responsibility for their mistakes. And to fix that, they are firing their employees...Why don't they resign as they say they take responsibility? It is very easy to simply say "I made a mistake and I take responsibility" and cause damage to others...

[@nishantshrivastav9368]

Wait and see how whole IT companies will collapse

[@xerctam7612]

They feel their mistake was to hire the wrong employee or to assign the wrong employee for the job. That's why they fire employees rather than resigning themselves.

[@smesui1799]

This lady sounds real mad 😡 at the US. Instead of piggybacking off the US for years; they should have relied on their own resources.

[@Baby_Doe]

There's was no hiring spree during the pandemic back in 2020 to 2022. Companies were laying off workers.

[@danielchettiar5670]

Not in tech. Tech had a boom especially in the startup space

[@Baby_Doe]

@@danielchettiar5670 Did you not pay attention to the video? She's talking about large tech companies like Microsoft, Amazon, Meta etc, not the startups. The big techs were laying off during the pandemic, especially in 2020 when all major economies had negative GDP, including India. As for startups, that's irrelevant and a flaw argument as they have to hire in order to start their own business no matter the economy.

[@Baby_Doe]

@@danielchettiar5670 Guess you don't remember the lay offs in 2020 due to the pandemic.

[@kusumlata-of6dc]

Gunta

[@learnwithsusanta9735]

The process of layoff is very much common as no one is responsible for un productive peoples!

[@sowmyakarthikeyan8654]

This was analyzed n told by Many people in the software industry itself. But no one believed people who told it... nowadays, the following is very rare, work ethics, hard work or professionalism especially the juniors are having lot of issues with professional skills. They think very less of their experienced colleagues...and they don't even treat experience with the even basic human respect that they generally deserve...

[@genxx2724]

They are disrespectful and have no manners or social graces. This behavior ought to get them fired. They should be unemployable.

[@hartbuntarja9730]

Work ethics and lack of experiences are always big issue of new workers generation, they demand high salary but work smart. Not all but some of them is still on the track and perform excellent job.

[@margaretgreenwood4243]

This is happening all over the western world too. Strange

[@SonuPatel-hr2bg]

I just have one questions to these companies, when they are making 100s of billions in profit, they have no issue but the moment their profit comes down even by few billions , they lay-off like we are some insects.

[@zest6932]

Well,thats capitalism..56 percent of earnings of IT companies goes to paying wages to employees..when u compare that to other sectors its phenomenal..the loyalty in IT sector is also at historic lows and they r the ones with the highest perks..So when something goes wrong jobs are going to be cut to keep project life cycles intact.

[@aosaeanor]

If companies cannot promise job stability, there should be no stop on people taking on additional jobs while being employed in one. If a situation of sudden job loss comes up esp when the job market is also not doing good then the person atleast has something to fall back on or may have saved enough to tide over the rough times

[@k.v.22-61]

A few years ago there was, a massive layoffs from the Indian media industry . But no media reported this

[@sunnyuutinn]

western brand of artificial eye drops manufactured in india have caused many permanent blindness including the removal of eye balls in the usa, ( several deaths too ) the WION has not covered this either. permanent blindness is worse than death and their lives will never be the same again ! why WION has not covered this ?

[@amitbhardwaj9633]

This is every alternate year drama in IT industry, they treat people like that and using them for their own benefits ,ultimately workforces are there bread and butter

[@kakkamutta2072]

Indian tech are surviving well. Lets get jobs there

[@by.jayanta]

Nothing is mistake, its all part of corporate strategy. They will hire sometimes when their competitors are hiring.. just to keep competitors from hiring good people

[@amitswain7228]

@BIBIN BABUyes he is sitting at home with lot of money in his bank account which he got from high paying temporary job

[@avinashagnihotri5616]

​@@amitswain7228 bro every it person not get lot of money

[@amitswain7228]

@@avinashagnihotri5616agree bro.most people got fired from google,ms,meta are high paying jobs.indin mncs who is giving less salary are not yrt fired and wont fire too

[@from_hell__]

it see chinese and phillphino are not effected......they only seem taarget indian workers............but worst is not over.... it seem indian workers are targetted............... This afther effect of close association of Russia.... soon we see more us and west companiec pulled out,when sanctions kick in.................

[@Paulsonjc]

Lots of people in the comments blame ceo for taking wrong decisions. Try being in their shoes. Many of them had raised the company to the current level which is 100 times bigger than from the past. This tech jobs has its perks and it's downside. Don't blame others for that. Take 100 percent own responsibility. Move own.

[@PSX247]

India will be fine, #1 in the world with an annual +7% GDP. Will be #2 in the world by 2030.

[@shyamrajh4332]

Doesn't mean anything if it is only the ultra rich who gets richer

[@PSX247]

@@shyamrajh4332 That's actually correct but a lot of people think 5th in GDP means India is the top 5 richest country in the world.

[@aosaeanor]

Not possible for India to do anything great with this huge growing population. There are too many people in low skill n unskilled jobs & with employability issues. These are consumers of the economy, not contributors

[@_ayushyadav_]

​@@aosaeanor You are right brother! It's not easy in a democracy to take care of economy with the 1.4 billion people ( still growing ) & lack of job's because of the competition

[@aosaeanor]

@@_ayushyadav_ Lack of jobs also happens coz people are not employable despite being educated

[@sudhansudash5039]

Why voice quality very low then the WION, in that Palkis voice was much higher and clear ............. work on this

[@mrsm3442]

Palki is so mesmerisingly beautiful... she is a total distraction from this high quality information she is presenting. 😊

[@cannibalronny7314]

Looks like u r attracted to the same gender

[@mrsm3442]

@@cannibalronny7314I was told before, but I don't think so. ☺️

[@Bandhu241]

Accenture is cutting more than 50% of its non-billable corporate jobs. In periods of lower economic activity, that overhead is always cut.

[@prabhakar0076]

Means 50% of billable r also same overhead burden 😂😂😂

[@workfromhome1891]

A Big SHAME on corporate industries

[@bryan69in2002]

Such industries are like that... It's your choice. The benefits are that you have a good chance of getting in if qualified enough, you can get promoted if you perform well usually, money is decent. Compared to this old traditional companies don't create as many jobs, employees are not growing "fast". But they can retire in the same company. Company doesn't grow fast but doesn't fall as fast. Hence career is also like that. So it's like Sprint versus Marathon. Your choice. I choose a slow career growth but able to work till 60 versus fast growth and early retirement. My jobs is relatively less unpredictable and so is the stress. I can manage stress here.

[@eaman11]

Don't worry: WION just yesterday said that India is a major player in the "race for AI", where they don't have any hardware or software.

[@Dinessincric]

Accenture is as bad as their hiring process.. fortunately i did not receive any call despite of clearing first round..😊😊😊

[@cannibalronny7314]

bcome a agniveer broethr

[@adams6798]

Software development is big in Zimbabwe & SA I strongly encourage Indians to migrate to those countries if they are serious.

[@Nakedtruthalways]

The real fall of west started with giving importance to service sector and the policy of entire money poured to tech with manufacturing and agriculture with no value. They forgot service sector is only side and tech is only one among those like accounting or finance aiding the manufacturing and agriculture.

[@yugandharsatbhai5276]

True, service sector is an enabler rather than a core industry like manufacturing or agriculture. You cannot have a laptop for breakfast!

[@TEACHING-Russia]

Feel great to see your confidence back my anchor.....

[@yasminmuhammadelias3142]

Ethics and living with integrity is all that matter. "The first step in the evolution of ethics is a sense of solidarity with other human beings".-Albert Schweitzer "I am fully aware that everybody has a right to succeed, and success should be with ethics." - Sharad Pawar "The greatest virtues are those which are most useful to other persons. " -Aristotle "Courage is the mother of all virtues because, without it, you cannot consistently perform the others."- Aristotle "The virtues [moral excellence] therefore are engendered in us neither by nature nor yet in violation of nature; nature gives us the capacity to receive them, and this capacity is brought to maturity by habit." - Aristotle "Virtue is the golden mean between two vices, the one of excess and the other of deficiency." - Aristotle "The virtue of justice consists in moderation, as regulated by wisdom."-Aristotle God bless you Ms. Palki Sharma

[@mghector6553]

Sharad Pawar 🤨

[@lordabhikingfisher8087]

Accenture should reduce its billing rate to stay relevant. They are not better than Wipro or TCS. It is ridiculous what they charge for a fresher let alone an experienced resource. 100% more than value that resource generates.

[@arunbagla2292]

Bill Gates had predicted it about an year back.

[@kusumlata-of6dc]

Bill is cynic. Corona sayad usi ne develop Kiya taki world ko virtual platform me lake apna operating system beche Microsoft , he seems behind corona

[@arungaur7587]

This is so wrong, I fail to understand the reason they are citing for layoff. it is not business has gone down. it is the AI .. why would companies keep people when we have amazing AI and robotics in place

[@Donald_Trump.2025]

Don't worry, Palki said last month India is the only bright spot in the world and will not be affected by the global recession.

[@DalaluddeenHalala]

That doesn't mean creation of new jobs

[@CA213FAN]

So many Indian techies here in the US have lost their job and they risk going illegal status in the next 30 days. They will be banned from ever entering the US. Best advice . Go home and start again. Never be in the US out of legal status.

[@vikasbiliye5023]

I dont think that is going to happen

[@aosaeanor]

Given the economic situation in so many countries & the fact that India is stable n still growing, India obviously is the bright spot

[@SDM496]

Everything is relative. I will tell you a secret. Invest in nifty 100 and wait for 3-5 yrs. See your investment double.

[@SanjayGupta-lr6xs]

Two lady is true example of beauty with brain one is Palki Sharma and other one is Swati from B wealthy channel.

[@varhanvarhan5966]

No problem they will work in a scam offices, plenty in India.

[@mg9854]

But then it wud be a problem for west lol!

[@patb8605]

Very Good 👍

[@somejohndoe3004]

Does that include the scammer's helpdesks too ? 🤔

[@ayonbiswas4186]

Sadly, they'll never be out of business!

[@giri1982]

Thanks for sharing the data

[@hudsonstraight8628]

These sack- off's in 10-19 Ks are chickenfeed.

[@Nom_AnorVSJedi]

It’s horrible and sad! So many Indians in America are on work visas, who will be deported without jobs!

[@grandmaster137]

If India has so many tech workers, why not innovate and launch a startup company instead and hire themselves?

[@SDM496]

😂 you think there are no start ups in India?

[@a-woke5283]

@@SDM496 not enough for our population. especially when compared to the USA or China.

[@SDM496]

@@a-woke5283 Start ups require cheap financing. How can you compare India and USA? Can India print unlimited money like the USA? The global inflation issue is direct consequence of USA printing money at their will.

[@mg9854]

100 unicorns every year...u know what that means kid?

[@cannibalronny7314]

@@SDM496 Now blame USA for a Bihari who wants to have 8 kids whom he cannot feed

[@rlittlefield2691]

You are missing is that these people have skills, the end result for them will be better. If they get enthusiastic.

[@sauron2000000]

Or maybe not

[@KopparamNaveen]

Do you know how many of those laid off employees got new job within 3 months? I guess it will be more than 80%. It's definitely something we need to worry about looking at the layoffs but nothing to panic.

[@aghulus111]

😂😂😂 lol..