Bengaluru, home to 1.5 million IT workers and called 'the world's back-office,' has dodged the tech winter ripping through Silicon Valley — but experts warn it may not last
As the world strapped in for the pandemic, closing schools and sending workers home last year, India's techies were having a field day. ," hired willy-nilly, as they struggled to cope with a surge in global demand for digital products.He recalled one applicant who left his job with an annual salary of 1.2 million rupees, or $14,700. The tech worker received five offers from five different companies, and over several months negotiated his yearly pay up to 3.
"The glory days of last year are over, where everybody and anybody could get a job if they were half-decent," said Anup Menon, the vice president of CIEL HR Services."In that sense, the average to below-average talent will have things to worry about. It won't be so easy to get a job." Subhashree Ghoshal, a senior consultant at JAC Recruitment India, told Insider that most tech companies engaging in layoffs are mostly looking to trim off excess workers as fewer projects come in — not necessarily their core workforce.
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