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Showing posts from January, 2015

Turbulence in the Indian IT Sector

. ......................But its strange; As oftentimes to win us to our harm. The Instruments of Darkness tell us truth; Win us with honest trifles, to betray's In deepest consequence.-- --Banquo in 'Macbeth'. There is some turbulence in India's IT sector. The management of all the giant IT companies are in an unenviable position of having to make their employees face the facts. If you are discerning, you can read the tea leaves. One big IT Company did announce to the media that it is targeting about 25000 associates and that it will be less than 10% of its overall strength. Since there is no advantage in removing juniors who , as new entrants into the work force, still provide the edge in labour arbitrage, this 25000 will have to come from middle to senior levels. If seen in this light, the reduction is not 10%; it may as well be 25% to 30%! However, it is another matter that the management has now retracted much of what it said