IT crisis : IT job means.. They only work for five days.. Wages in lakhs.. Annual increments.. These are the thoughts of IT employees, their parents and in-laws who gave them a child until two years ago. But the IT situation has been facing a serious crisis for two years. Due to the economic recession, not only the small companies, but also the big companies have started to cut costs. This situation has increased especially after Corona. It reached its peak last year. This is eliminating jobs. Last year lakhs of people lost their jobs. This year also like last year, many companies have started hiring. Thousands of people have already fallen on the road. In the month of August, 44 companies laid off 27,065 thousand people. 9,051 jobs were lost in July. Job cuts in August nearly tripled compared to July. To cope with the challenging economic conditions, companies are cutting jobs as part of cost cutting. Tech giant Intel, Cisco Systems and Infeon companies are also on the same path.
Removal is likeā¦
Microsoft has announced that it is laying off 1,900 employees in its gaming division. This is about 8 percent of the total 22 thousand employees in that company. And the software services company 'Salesforce' has once again hung a knife on the neck of the employees. It said that 700 people are being laid off. Salesforce, which sent 8,000 people home last year in an effort to cut costs, has prepared to lay off one percent of its employees at the beginning of this year. Clothing company Levi's Strauss has announced that it is laying off around 15 percent of its workforce worldwide as part of its business restructuring. Domestic food delivery company Swiggy has also decided to lay off 400 people working in technology, call center and corporate departments. Computer chip maker Intel laid off about 15,000 jobs in August. German chip maker Infineon 1400 and action camera maker GoPro have decided to cut 140 jobs each.
To reduce costs..
The frenzy of layoffs in tech companies that started after covid is still going on today. While some companies are laying off employees to reduce costs due to AI, some other companies are firing employees due to economic recession. The layoffs are part of a plan to cut costs by $10 billion by 2025. These layoffs are part of a focus on growth areas like AI and cyber security. Conditions such as declining demand for IT hardware and difficulty in increasing its grip on the Chinese market are causing employee apathy. A total of 1.36 lakh tech workers have lost their jobs so far this year.
