Layoffs loom in IT majors, techies panic

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

Courtesy:ibnlive.com
Complete artical HERE