Hi Friends,
The news in the last few days around slow down in IT is not good. Initially, it was just start-ups, but now even big names are doing layoffs or hiring slowdowns.
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TCS, Accenture and HCL : dramatic fall in Q1 net joiners
- Refer article in the Times of India below
- If attrition falls, most of them will have no choice but to delay the joining dates of campus offers OR resort to involuntary attrition at experienced level
- And this is when the demand from US was still good in Q1. Imagine what will happen by December when the US is expected to enter a recession.
- www.timesnownews.com/it-majors-including-tcs-accenture-reduce-hiring-in-q1fy23-hcl-recruited-only-2089-people
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Microsoft was the first big name to announce layoffs
- The company is considered recession-proof because whatever the situation, its office suite (Word, PowerPoint, Excel) and Windows will keep selling
- The article also makes negative mentions on Meta (Facebook) and Google
- www.indiatoday.in/microsoft-lays-off-1800-employees
- Many analysts expect Amazon to follow suit
At eLitmus, we expect most of the companies to honour their campus offer. However
- Many may delay joining OR
- Give joining but put you on the bench or give some low-end work resulting in less learning
Do not want to be unlucky by getting caught in a wrong situation?
- Take the eLitmus pH Test this Sunday and make the most of your 4 years and a few lakhs invested in engineering.
Process is simple
- Register on eLitmus (you have completed it) → Schedule & Pay for eLitmus pH Test → Take eLitmus pH test → Apply to great jobs
Even in a slow down, there are companies which will do well and hire. Most will come to eLitmus for hiring.
—
Adding safety to careers
Team eLitmus
Schedule of upcoming pH Tests at - www.elitmus.com/tests