WHERE ARE THE JOBS
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Layoffs loom in IT majors, techies panic
Published on Sun, Feb 10, 2008 at 10:00, Updated on Sun, Feb 10, 2008 at 10:44 in 
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Bangalore: The IT industry has some job worries. More than 500 IBM and TCS employees across the country have been retrenched. This has techies in the IT industry uncertain about their future.
Worried IT guys writing, speaking their mind on blogs. This is what dominates the cyberspace these days. Well, at least in the techies' domain.
The worry stems from the recent retrenchment of many like them from the TCS and IBM.
Though many like Akhil (name changed) who works in IT firm, don't feel alarmed yet, the truth is – the younger crop IS apprehensive.
And with the gossip mills running riot, many in the industry feel their future may not be as secure as they once thought it to be.
Akhil says, "The panic hasn't as such set in. Among the fresher there might be a certain amount of wariness."
However, industry leaders dismiss the retrenchment of more than 500 IBM and TCS employees across the country as routine - a part of quality control.
You underperform and you get sacked. They say it has little to do with the rising rupee or the slowdown in the US economy.
Customer XPs CEO, Rivi Varghese says, “As an industry grows higher up the chain, it is but natural that a small percentage of the people will not be able to keep pace with that. So it is a question of expectations not being met."
Let's not panic yet - that seems to be the message being sent out by young techies to their friends and colleagues in the industry but having said that the IBM, TCS exodus has made the situation deeply disturbing.
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Indian govt -sonia gandhi- dr mmsingh-pm-economist- instead of spending rs 50000 crores annually on quota reservations for stinking rich undeserving
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We should also see 1 thing.. i.e what sort of guys has been fired... There are so many people who
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they say its not the time to panic yet...but they may well be fooling you
I've been working with a service
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indian economy is on way of u.s . the bubble have to burst yet & worst have to come yet.
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People who join private sector at any level should be mentally prepared for these kinds of situations.If the management is
angry
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