Bangalore IT industry says no stopping in job layoffs!!!

The misfortune phase of Bangalore techies is making news around the globe, with people blaming the new president for the catastrophe. The blame game in one corner and global corporations are saying that there is no stopping in the current mechanism.

Indian outsourcing firms are shooting away pink slips in a lucrative way, and it’s no rocket science that this small tremor, which has been created, is eating away the peace of our so-called tech nerds.

Is Annual Appraisal Performance Review to be blamed?

The deep industry experience is not helping any of the outsourcing IT firms from the current scenario. Let’s say in the name of annual appraisal performance, employees are being shown gate to make for the deficient business opportunities.

Bangalore, the IT hub, say, is the homeland for major IT corporations. And it is not only about Bangalore, but the whole IT industry around India is facing the heat, and adding to the woes, one doesn’t know where it may touch.

Biggies from tech giants like Wipro, Cognizant, and Infosys, also blame the adoption or switching to automation as one of the reasons. But it’s of no use, as one has to grow along with the technology, they say.

The mass layoffs are creating a trend among top IT companies; maybe you can call it a ripple effect or a standard stand in rebalancing the situation.

With bi-annual appraisals around the corner, even the head honchos are not spared from experiencing the jitters.

What will happen to India’s Net Employment Factor?

If I leave at that question and ask, what will be the fate of these techies then I think it will be more realistic and relevant.

IT companies are seeing off their employees leaving them high and dry. So, a change of industry can be the mighty possibility thinking among techies if one looks at the sequence of events. According to ManpowerGroup Employment Outlook 2017 survey, the net employment factor of India is considerably going for a dip.

That means job portals even with a rush of enquiries will not be able to help in any way. The techies of the garden city are seeking out the new options, which may help them stay afloat in the upcoming freezing months.

With the current scenario, the up-skilling of employees can be a dream activity, and I’m sure IT firms will be happy to adopt the policy of ‘hire and fire’, and not ‘hire and retire’.