ฝัง
- เผยแพร่เมื่อ 19 ก.พ. 2024
- Reports say India's I.T. workers may see a drop in their pay packages by as much as 40%. This will affect not only the freshers, but also the CXOs. IT employees may also see a drop in their variable pay. What or who is to be blamed?
#itemployees #india #wion
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That's right but more freshers means more client escalation. Knowledge can be transferred but attitude and experience will never be transferred
Then accept salary reduction!
its all Modi fault, he launched "MAKE IN INDIA"
and not "MADE IN INDIA"
thats why all focus on copying and not making something new and creative within India
all are just waiting for tech transfer in all sectors from IT to defense
@@anonymous-hg8xlThere is literally 0 value for IT workers in India, the only option the middle class has is to immigrate somewhere outside. Did you not see the recent incident involving the 2 IT workers killed by the rich builders son in Pune?
Offshore IT services model will slowly die , low tech will be replaced by automation. Indian it services Company has too many middle management, you don't need manager/lead for every 4-5 people's team.
Sure hope so
Are you sure
True, you spoke my mind.
There is literally 0 value for IT workers in India, the only option the middle class has is to immigrate somewhere outside. Did you not see the recent incident involving the 2 IT workers killed by the rich builders son in Pune?...
Good news!! No need to pay extra taxes for IT employees
IT is the new backbone of India. Forget about the extra taxes then.
@@lokeshkumar-dq7yl useless facts
Are you dumb IT jobs is the biggest scam for those who doesn't have any innovation@@lokeshkumar-dq7yl
Senior management is not dumb to over staff. They hired freshers so that experienced 15+ years can be lay off after doing the necessary knowledge transfer. Seniors will be harrased and forced to resign.
Senior can get job in other firm👍
yeh you keep saying that jose
@@rohitnayak9952
@@rohitnayak9952 no when they try somewhere they ask to join on same package
Very correct statement.❤
Everywhere if they fire senior then where will juniors learn from a anyways freshers have no practical exposure.
60k Indian Rupees is peanuts especially for US outsourcing
Remember what these news readers were telling during the start of the pandemic? Work hard and be always prepared, grind on the leetcode, system designs and eventually the job market will raise again. Have the hope and use this time to be prepared when the job market opens. Current trend is companies are opening their cost centres in India and in future there will be more openings.
If a country fails to invest in innovation and research and development (R&D), finding a solution for small and medium enterprises (SSME) becomes elusive. Currently, our emphasis is on a consumption-driven market, which essentially involves indiscriminately releasing products and outsourcing at lower pay rates to reduce companies' operational margins.
A.I. will eliminate most of these jobs within 5-10 years.
Yes better get all the money invested while grass still green
Thats for sure.. We are already facing the heat and this is just the start..
For example ? @@NotBob-zw3zw
@ryan,
you are wrong, AI will not eliminate but with new technology coming into force, new skill set people will be recruited.
@@bharathvansh5127yes but that’s after eliminating old jobs, is what they meant.
HR should be replaced by AI. ☘☘
Perhaps IT alone. Why you are jealous of HR department?
@@lifeisnow3944why are you afraid 😂😂 he is just talking about the possibilities and feasibilities if there comes a day when ai could replace a developer why not a HR ? Do you think a HR needs more complex brains than a dev 😂😂😂😂
@@ranjantechnocrat hey look. I am moving into IT. I am not an HR btw. Since you envied abiut HR, I wrote it.
@@lifeisnow3944because HR are dumb and sitting simply timepass in office.
@@lifeisnow3944 Hey Look , I didn't say that you are a HR, So now you are entering in to IT as dev? You are now qualified to answer my question.
Do you think HR needs more complex brains than a dev
60k per month is still better than architects
Its better than MBBS
@@DrHrishikeshApteMBBS make more.
No
U don't know the harsh reality of doctors we are in recession already since many years
@@drsethumadhav thats surprising info for me.
When USA sneezes, the world catches cold!
We are hoping against hope that they don't sneeze now after Japan and UK
What happens when they poo? Or does it get stuck in Uranus with all that obesity ?
when i left india 8 years back, 12 lakh Rs was such a decent salary for folks in my domain. Now I hear same folks are getting 35-50 lakh Rs. I agree there is inflation but 3x-4x jump in salary in 8 years seems bit excessive.
And further these salaries give rise to real estate inflation and also mess up the marriage market, where only men getting in lakhs are in demand.
Salary have also increased in a similar way in the US
@@sandeshpandit5540that's exactly what has happened in Pune.
I understand this, but why are you smiling in the thumbnail lol
Lol
Haha. The channel is yet to realise this. They've been posting negative news with smiling thumbnail since a long time.
😅
Because it's good news for everyone who is not in IT
Not only India- it’s dropping abroad as well. Globalisation is leading to cheaper workforce availability and so the drop can be seen and observed.
IT companies are making layoffs a regular procedure pressurizing other industries as well to feel normal cutting their workforce.
Good opportunity to apply their skills towards financial independence
Always talented people will have demand in any field. If you don't upskill you will be laid off. This is there in any field.
News reporter job will eliminated due to AI
Already happening. Checkout aaj tak's AI weather reporter.
😅😅😅😅😅
IT is worst and we were always underpaid as freshers so nothing new here
Then who is paying more?
@@Ronny-Loy product based, start-ups are high paying
Become of you yype buggers getting crazy pay pack rest of other people are facing high prices including rents in major cities@@prajju8114
Too many middle managers they need to be fired.. they are taking the cream.. many to boss around and less people to do the job
Good news.....over dependence for revenue from IT was never a good indicator of any country regarding development in the long run.
The market and rents and consumption will get restructured and there will be more parity inbetween the Tier 1 and Teir 2&3 cities and villages.
Also the unemployed or upcoming youth/s will stop the madrush towards Engineering as a career and IT job as a target.....rather diversify into Manufacturing and Farming, etc.thereby ensuring all around growth for Bharat
We need a gurukul ed system ❤
Well said
@@rohitnayak9952 Doesn't matter since English is the highest status language of India both in constitution and in public perception. And public perception cannot be changed until the constitution is changed/updated to give Indian languages like hindi, Telugu, Tamil etc the highest status.
What if the crisis had occurred in your field. Would it still be a good news ?
@@sanjanahegde8561
Sometimes come out of the " Me. Myself, More" syndrom and think about life as a spiritual journey and also out beloved motherland Bharat 🙏
A.I makes smart developers do more with less effort.
Write code with ai in 2 minutes and debug 10 hours.
Exceptions are made,....if you can walk on water,...
😂😂💯🙌🏻
there are plenty of colleges offering AI degree at the moment.. AI skill will also be a general
skill soon
Exception 'Just don't give up yet'
Good, a lot of these IT people are overtly egoistic and show off too much. This would put them back in place.
Just like farmers teachers and bankers too much money still say kaha paisa hai😂
Like Doctors ..
@@monkmelodies-relaxmusic2339 correct
@@monkmelodies-relaxmusic2339 At least doctors save lives and keep us in good health, but these IT people are a bunch of oversmart and entitled individuals.
@@amarnaamtohsunahoga
Good news.....over dependence for revenue from IT was never a good indicator of any country regarding development in the long run.
The market and rents and consumption will get restructured and there will be more parity inbetween the Tier 1 and Teir 2&3 cities and villages.
Also the unemployed or upcoming youth/s will stop the madrush towards Engineering as a career and IT job as a target.....rather diversify into Manufacturing and Farming, etc.thereby ensuring all around growth for Bharat
There's a short-term mismatch between supply and demand plus experience.Also, global demand is stagnant due to geopolitical challanges. Unfortunately, the middle class indian students get fooled by hype created by advertisements, and training institutes. Due to AI and automation, demand for entry level and upto 2 years experience has decreased by almost 60% to 70% including freshers. Only highly experienced and high-tech workers are in demand. If you have more than 5 years experience, you should be okay as long as you are skilled. Indian youth should try to move overseas and try non IT careers. For the ones here, they need to keep applying and learning in 2024. There's still a lot of scope for experienced and with good salaries. In next 6 months we will see a pick in hiring, but there's still a backlog in terms of supply of freshers. So don't just keep yourself limited to IT, try to gain experience in other sectors as well. Every sector needs IT as basic requirement these days.
The IT companies are full of redundant middle managers who don't code or know anything technical. They also eat up large salaries and not really justify their salaries. For team of five, there may be 3 middle level managers with various titles tracking 5 people. They don't actually work on the project, but simply schedule meetings and drive up project cost with their ultra high salaries. This is bound to happen.
The reason is AI
Salaries of IT pros r v high compared to other job streams in India. It needs a correction so that supply of IT ppl r regulated and more ppl turn towards other sectors.
correct
rubbish... it works are taxed to the teeth while a panipuri wala can hide his income. govt workers are given this and that perks which help them save huge amounts. it works are the golden goose of indian government
@@priyojitchatterjee6164 IT ppl are the golden goose, becz they earn gold! Rest of the sectors they get garbage. If they earn gold, they ll have to pay. It is as simple as that.
😂 salary is not high in IT only talented people earn what they deserve
AGI will reduce the salary 10 times or reduce the workforce beyond imagination
Agi kaun hai
The employee wanted to move to rival perpexlity
So Google gave 4 times his pay to retain him
My company didn't provide hike last year and this year
You are lucky atleast u are hired and got experience , 2024 is not good for freshers
IT was never a sustainable job anyway without innovation and manufacturing our country will never get ahead
India needs high-tech manufacturing. IT old stuff.
Reduction is pay packages is evident from the fact that the exp folks taking an average 70-80% hike in their jump to another firm! Thats huge and that correction was bound to happen....
This doesn't mean the firms who are offering low-end of the pay, also will reduce their offers by 30-40%... That doesn't make sense and its their loss EOD, of they do it.
I cant imagine firms offering 3-4 lpa to freshers, suddenly reeucing their offers to 2-2.5 lpa
Salaries across the IT sector have been stagnant from the last two years anyhow. Even product based firms like Flipkart have not given any pay rises in last 2 years. That being said, Indian IT companies are some of the worst run companies across the globe.
Then why CEO's salary hiked...
At the commencement of the video, I though you were going to speak about salary cuts of 40%. Thank God!. It is only reduction in offer of salary for the new recruits. AI developed by human beings is like the wooden handle of an Axe, which helps cut the trees. AI destroys it's creator, the human being.
If new recruits are being offered lower pay, existing employees are being laid off or asked to take a pay cut. Unless you happen to have the kind of talent that the organizations value, you don't really have a lot of cards to play. And it's only gonna get worse from here.. AI's inevitable.
They already pays us pennies compared to the western countries.😂
That's the fact 😂😂
@@soundarrajan2445you guys are still better compared to non it
Yesterday there was a news on ai generated videos from text as input. TH-camrs, reels makers get ample time
This is very old news. There are channels producing 2-3 videos every single day and that too of 15-20 min duration each atleast
What!! 60k rs is less!!
India has so many IT talents, start an AI company or new IT company , and make it international!!!!
India has many IT talent in service company which cannot be transferred into product development side (There are exceptions obviously). Creating a company/product needs entrepreneurial skills and people with this skill leave India (as they should).
Plus 80% of the IT workforce don't reskill and therefore cannot participate in new technology early and get left behind.
India tried the entrepreneurship trend but nothing happened 😅
Lets all sell tea auto and sadu one day will be CM or PM
You can start and hire me😂
@@dhirajgawande007 he is driving car so maybe he is driver with high thoughts another feku in making 🤣🤣
😮😢😢😢
Talks about Indian IT companies, shows non-Indian companies footage 😂
Exactly,the product based tech companies haven't reduced the package for entry level engineers(both software and hardware)
Us talk about India, the companies in India are doing whatever they want and the govt is like we don't know.
Ye sab to laga rahta hai, aur jindagi ka hissa hai.
जय श्री राम🙏
only quality candidates and not quantity
quick everyone rush to the future.
Salaries in IT is still High when compare to other sectors. Every Goat earns lakhs in IT industry. The salaries should be corrected much to control prices of real estate, rent, clothes, food and other necessities.
Am a goat myself but reduction in prices is what everyone likes.
Why do I earn less😂
Or Other sectors also need to increase wages. Companies making fortunes and it's not getting trickled down to employees.
Kisne kaha Bhai
The salaries in Doctors are Lawyers are even much higher. Most of the doctors and lawyers who start their clinic Or practice they charge in black. As compared to IT employees which is way too high. So the focus should be on Doctors and Lawyers
Google gave 300% hike to an employee!
Well exceptions cannot be generalized. Not every human is same.
Health care will be effected also Doctors are saturated no more high salaries.. we can can het 2 doctors with outdated senoir doctors. Specilly in US these just quitely making money and foolingmanagement
Yes IT stopped pramotion. New jobs are there but after project end they will ask you to leave
Alumni in college specially for computer degrees students only if they are in good position particularly in IT companies.
They tie up with IT companies so that students join their colleges.
One good with BE students is once getting campus offer letter can't go for next company interviews.
But few college even anna university say, people get placed in IT companies with rs 60000 salary's.
Here development for employees salary account is arts college students salary.
If BE students wants rs 60000 salary do they create project for SEBI and RBI currency derivative program or equity share holders profit sharing with removal of dead locks
My 12th fail friend making lakhs from TH-cam and reels😮😮😮😮
Hmm 😮
Sad news for me
WION don’t panic the IT youngsters
Ofcourse Government Job still Rock!!! Security,Money, Lifestyle, Respect, status 😅
Situation:-unemployeed
Mind:-you are beautiful mam
Bro why?
Become a Baniya and be happy for rest of your life , no need to woory about study and IT layoffs
Yes 🙌 it's 😂 a good idea
The era of IT is over. Being a US based manager, I can hire a Columbia University graduate for $75000/year. Poland based IT centers are better deal - for $25k I can hire Phd in Data Science
less than 20% graduates are employable in lndia...
Rest start their own business which earn them more money 💰 than salary
Guy's Focus on New skills+Knowledge+hardworking.
So happy about this
I dont see any AI impact on IT jobs as of now. Yes laysoff are happening because they over hired in 2021-2022
Yeah current layoff are bcoz of overhiring. But once things settle AI is going to make life worse in 3-4 years.
Atleast those 21 , 22 grads got experience
Starting at 1 lakh is root cause, start at 20-30 so that more gets opportunity
It is myth that starting salary is 1 lp month
Only developer level jobs pay 1lpm .. service related IT jobs pay 20-30k pm only
It's time for startups
Whole market will be down. Cost of living Will be less
I wish this will result in normalising all hyped up prices.
India has best developers in the world 🌎
In America "the boom" was due to free money which was getting printed out of thin air (US Dollars) based on nothing and 0% interest rates, all these companies enjoyed that and now that interest rates are high and it is time to payback, the companies are cutting down the cost. It has nothing to do with the "slow economy" , it is because of inflationwhich was result of chain disruptions during covid plus wars and to control that inflation Feds raising the interest rates. The tech market will boom once again if the interest rates go down and if dollars is not devalued, which is unlikely because the way market is going on it looks like dollar will get devalued and all of a sudden people will realize that they are no longer millionaires or billionaires
More than layoff.. these news will raise fear for people who are planning to build a career in IT.. only thing we can do is try with confidence
All it employees are earning lakh lakh of rupees
That google employee is brother in law of Sunder Pichai
With Automation, Generative AI, Copilots based on GenAI, and further development of LLMs - gaining fast momentum and adoption - across Tech companies and organisations - the ‘Value’ of what these Professionals do or deliver is Coming down exponentially - leading to decreased Pay packages or even pay cuts.
This will have a detrimental effect on the cumulative wealth in the economy and overall Demand, which will be Hit badly, especially in India 🇮🇳 where a Lot of well paying Jobs are in the IT and other allied sectors! 😢😢🎉
🇮🇳 🇮🇳
15+ year experienced IT employee is a burden for Company.
Not at all a safe career in the IT sector...
Best is to join as a Chartered accountant, Core job.
SAP is best in IT
Their salary is anyway unrealistic High..
Learn hard techs, soft techs are surely gonna be replaced by AI
Not a single real video clip ? Just make a radio show ?
Real Estate Market will drop soon
Mam your job is already taken away by AI models who can read better than you... What you will do now ?
Indian IT Nokers to be precise
After full AI Comes ,60% of jobs will be taken
And twice of that will be created
@@basedmanaf8100 let hope saw but not in IT field, it will become comman, everyone one will be able to do it, not IT specific person
@@petername2608 AI is the new IT wave of 90s. First comers will benefit
@@basedmanaf8100 yes
@@basedmanaf8100
Good news.....over dependence for revenue from IT was never a good indicator of any country regarding development in the long run.
The market and rents and consumption will get restructured and there will be more parity inbetween the Tier 1 and Teir 2&3 cities and villages.
Also the unemployed or upcoming youth/s will stop the madrush towards Engineering as a career and IT job as a target.....rather diversify into Manufacturing and Farming, etc.thereby ensuring all around growth for Bharat
Super IT companies should fall which give disparity in society with high packages
TCS still offers 3-4 LPA which was offered 15 years back.
40% dip in this I cannot even imagine.
maybe talking about IIT recruitment
They r talking abt IT jobs not abt government jobs ... TCS and IT 😮😮😮.. Lol
Dont go. To college
No disrespect. But these news presenters will be the first one to be replaced by AI generated AI bots. 😅
Isn’t she reading the script from a screen?
So can’t a bot just do that reading? Replace her
Oh wait, can’t chatgpt write that script too? Replace the script writer
Now chatgpt will pay taxes, buy home, buy car …etc
After 4 ads and 30 seconds of useless montage i was able to watch this report.
All Deadwood employees need to retrenched . Companies are not charitable organisations
Canada Has loads of IT jobs not even one job loss or recession
really?
Keep smiling baby
Maybe tomorrow instead of you AI Girl will be reading the news 🤣
There are 1 crore l.T. workers in lndia...😂😂best jobs maybe for top 5 lacs
Thes days it has become a idea of many companies to take out 100 current employees in the name of ression and give jobs to new 150 fresher's that too with the half salary price than before and make Indian IT people work like domestic BPO 's(work more less salary)< less salary=less tax payers=less GDP GROWTH=INDIA development Dow graph=Indians and india suppressed forced to stay undeveloped>
Better join Govt Job....they are also well paying jobs....
Recently I got selected in Regional Rural Govt Bank as senior manager....(Salary 1.5 lakh per month plus several benefits).
Govt jobs are permanent jobs...with good job security...and constant pay hike every year....
I always prefer Govt Job over Pvt Jobs
if you have goverment job no necessary for skill development no appraisal no need to chance to prove yourself simple go to office sleeps in the chair and come to home this thing go as long as your retirement at end you die in it if you to survive you need to continue study and up-skills
@@moorthyy27Govt Job is a prized job.Who says there is no work in Govt Job....No skill development...etc etc...(Govt employees also work really hard)
But yes...Govt job..provides...Regulated Working hours,Work life balance,Job security,Loads of benefits....which No Pvt Job can provide....
There can never be a comparison between the two...
Do you get to enjoy life like in big cities while working at your job?
@@hinduGigaChad951For me the biggest enjoyment is the work life balance ..coming home at 6 pm and spending time with your family...Moreover the nearest city is 30 min drive....where you can go and so called enjoy in your spare time....Moreover there is lot of savings which is not possible if you work in a big city.
To conclude "Enjoyment" is a subjective matter which depends from person to person.
How much years of experience bro?
Too many graduate's not many jobs no suprise there
Well well well.
If corporate is running loss. They can make work from home in that way they can reduce the cost, current, buildings lease, AC, foods hubs, travel cabs, and time.. But they are with political parties. These politician's build large apartments and houses for rent in metro cities and if middle class like us work from office they get rent and other revenues.. All our govt does not want a middle class to cross that bar..
Nigga, for them, operating offices in SEZ is much more economical than letting you work from home. The government has mandated that companies with permanent WFH will not be able to get SEZ privileges.
Only a fool will join IT. 😂
Fool kaun hai tere photo se dikh raha 😂
@@amarnaamtohsunahoga Bruh, that's a meme. I speak only English and Kannada. Keep your cow-belt hindi out.
@@unsung.2770 abhe chake then learn all languages i speak hindi English marathi telugu gujrati keep your kannada faltu mindset in your village
Even your Kannada shetty people migrated to mumbai when Bangalore was third class village without IT
I am india at heart just because your city has grown doesnt mean you developed it
I am based out of Mumbai i dont believe in north south divide i have friends from all languages
@@amarnaamtohsunahoga Bro is calling ne Chakke while his face looks high on estrogen.
@@amarnaamtohsunahoga Ok, If you are a BJP supporter I won't fight with you. Are you a Hindutva vadi or just another Pseudo liberal?
it jobs are very difficult for long time and serving you is the most strenuous AND need to always up skill this job is not money it is fashion and involvement it industry paying money not for job it is for your skills as long as you upgrading in every job ups and downs this is not permanent it changes as times goes and if you do not want up skill and if u do not have talent for improvement govt job is best until retirement same chair same office at the end retirement will come before talking about it jobs how much things internal are going do not it pay high salary
These news culprits are great in spreading negative news as always never forgot the pandamic.
Newsreader sounds very forceful n unpleasant . Sorry, but her diction and delivery is below standard unlike any newsreader
Why it’s not fair, it’s very fair information technology salaries should drop down at lest 50% percent already was to-much paying 🎉