Comments on: TCS and IBM layoffs – Is Indian IT industry headed for a slowdown?

By: Abhishek

Abhishek — Fri, 29 Jan 2010 06:00:46 +0000

Hi,

Now obama has announced new Job policy. Most of the US govt jobs are with TCS. I think it will have a big impact on them.If they are able to live with 5000 Layoffs, it means they have done a great Job.

By: Pankaj

Pankaj — Sat, 19 Dec 2009 19:50:42 +0000

TCS is planning to layoff 5000 employees in year 2010 due to performance.There is also a news in the HR circles that in the coming year there will not be any hike in the salaries.
This news will be shared soon by email & in the ultimatix .

By: Vidya

Vidya — Wed, 18 Nov 2009 16:50:02 +0000

Target India has laid off some top people.

By: charas100

charas100 — Thu, 08 Oct 2009 07:23:11 +0000

There is a slowdown in It industry in India so only worth able comapany’s can with stand in IT industry. This id invitable.

By: Shankar

Shankar — Fri, 15 May 2009 11:46:14 +0000

Hi, I am working for Headstrong for the past 2 years.

Headstrong is a hire and fire company. They hire you when they have work and fire you when something got scrapped. Not good for techies and good for those managers who has orientation towards financial domain.

Salarywise it is good but take home amount is surprisingly low. Working environment is very cool and very less work load.

Good company for a short term stay but not as a long run partner.

Resource management is very poor and ppl here are forced to work in different technologies irrespective of their prior exp.

Most of the projects are support projects and very less are purely development projects.

A very low level of individual growth for techies. Their orthodox approach of working for financial domain clients only is really pathetic.

Lay-offs in headstrong are routine basis no matter how the whole mkt is doing. They do a lot of lay-offs every year.

By: Santosh

Santosh — Wed, 13 May 2009 07:09:52 +0000

Don’t quote either Murthy or Kris or Pai of Infosys, all are bloody bastards…they made hige layoffs, paid brives to media to stop propagating the fact…

By: Master

Master — Wed, 11 Mar 2009 16:07:40 +0000

Some news i got from close
Keocera Layoff around 100 in bangalore
Headstrong layoffs

By: Paddy

Paddy — Sat, 07 Mar 2009 09:30:04 +0000

Tcs layoff 50 employees today from delhi office

By: Recession Layoffs

Recession Layoffs — Fri, 20 Feb 2009 18:53:45 +0000

We’ve been hearing this for months and months. There is no company immune to recession. I would say we should be prepared. This will get worse before it gets better.

By: Mayuri Palharya » Blog Archive » Layoffs!

Mayuri Palharya » Blog Archive » Layoffs! — Sat, 20 Dec 2008 09:57:41 +0000

[...] Newspapers mourn about the stories of layoffs hitting big companies like Reliance, IBM, TCS, YAHOO ! Companies very conveniently euphemize the term of layoff as Rightsize, downsize, [...]

By: Hem

Hem — Thu, 11 Dec 2008 17:00:57 +0000

Have you guys checked this:http://www.jobeehive.com/company/layoffs ??? Too many layoffs in India.

By: Ram

Ram — Sat, 06 Dec 2008 05:44:49 +0000

Of course, I am reading this after a very long time but surprised to see such a DUMB comment by Raseel.
1. Indian startups are increasing. Really? do you have the numbers?
2. New products and services are increasing, who is going to utilize them? You?
3. Domestic IT market is better? How much income is given to the IT companies from domestic projects, numbers needed again
4. Infosys is assuring that US slow down doesn’t affect them, if they say so, they are dumbos and if you believe in what they are saying, you too a dick head. Affirmitive. 70% of the business to IT companies comes from US, 15% from Eurpoe and rest from asia and other parts of the world. Both US and Europe are headed into recession, wherelse will you provide service? Sahara, may be a better option.. what say?
5. Non US markets, ok, so convert other country’s currencies with that of India, are you ready to work for 15000 philippine currency?

By: jon

jon — Sat, 13 Sep 2008 02:41:29 +0000

Where would you probably take your business? I would guess China but they have language issues. Is it in insignificant barrier. I also heard smaller places such as the Philippines are offering some alternatives for low end projects and work. Thx

By: Manish

Manish — Tue, 05 Aug 2008 09:03:58 +0000

i read a recent incident about layoff. It sounds awful. Seems employees are the ones who are suffering the most. http://spectatorspeaks.blogspot.com/2008/08/layoff-in-indian-it-industry.html

By: Jobs India

Jobs India — Tue, 01 Jul 2008 05:31:05 +0000

Indian market is now has adjusted accordingly as various comapines has fired some candidates and on the other hand same comapny is hiring so the effect of IT slow down is not much effective at all.

By: amitabh

amitabh — Fri, 27 Jun 2008 19:17:20 +0000

Hi,

We need to ensure the quality of service offered

By: Sumedh

Sumedh — Sat, 15 Mar 2008 06:06:09 +0000

I think this was inevitable…

But it won’t be a sudden-panic kind of situation…our industry is maturing slowly…and now henceforth, just the price arbitrage won’t work…

Innovation would be the key to success…may be it’s a good sign for entrepreneurship…as more and more intelligent people would join innovative startups like Zamanzar , and not always an Infosys or a TCS…

By: Indian IT Industry: Bangalore Engineers are the costliest in the country |Indian Startups, Business and Technology

Thu, 06 Mar 2008 10:32:42 +0000

[...] do agree that things have gone a little wary in the last few years and given the IT layoffs @TCS/IBM, salary figures might get back on [...]

By: anonymous

anonymous — Wed, 13 Feb 2008 05:05:36 +0000

I work for a company in USA and we have indian offices. We do low level engineering and QA from these offices. For the past few years, we are facing with escalating salaries (40% yoy), enhanced attrition (20% in a year), and are having trouble hiring senior engineers. We are fedup and are seriously considering pulling back

By: Raseel

Raseel — Fri, 08 Feb 2008 13:19:40 +0000

@Srini : But from what I heard (on a Podcast), the small businesses are NOT going to be affected by the sub-prime mortgage issue.

By: Srini

Srini — Fri, 08 Feb 2008 11:29:10 +0000

This is the definetly an indication to the Indian IT Slowdown…This is because of Sub prime mortgage issue in US. Due to this all major banks are staying away from new projectes or enhancements and tryin to cut down the resources…

By: Roj

Roj — Wed, 06 Feb 2008 22:31:38 +0000

This is far from a “correction” – but good to know that MNCs are upping their standards – whatever the economic situation is.

By: Santosh

Santosh — Wed, 06 Feb 2008 21:41:09 +0000

Ashish, I think this is good sign for
1.balancing the rise of salary
2.allowing startup company to match the salary
3.change the perception of career seekers to look to startup (if BIG can’t guarantee job, why not try with startup and grow double in career ..in terms of hands-on high valued work experience and entrepreneurial experience)
4.motivating upcoming entrepreneur to try a risk route i.e. product development/different service model and plan long bootstrap. (just not follow traditional outsourcing route)

By: Raseel

Raseel — Wed, 06 Feb 2008 07:23:52 +0000

Although the US recession and the shrinking dollar are really indicators of a slowdown in the Indian IT industry, I think we can still prevent it due to the following factors :
1. The number of Indian startups (both international and domestic) are increasing.
2. Product-oriented companies or service-oriented companies with new products are increasing.
3. The domestic IT market is better than ever.
4. Bigwigs like Infosys , etc. are assuring (and this from pragmatisits like Narayan Murthy), that the US slowdown will not affect us.
5. The foray of Indian IT services in non-Us markets