{"id":4258,"date":"2019-11-19T08:02:59","date_gmt":"2019-11-19T08:02:59","guid":{"rendered":"https:\/\/ncrfrontlinenews.com\/?p=4258"},"modified":"2019-11-19T08:17:52","modified_gmt":"2019-11-19T08:17:52","slug":"40000-middle-level-it-professionals-in-india-may-lose-their-jobs-in-a-year","status":"publish","type":"post","link":"https:\/\/ncrfrontlinenews.com\/?p=4258","title":{"rendered":"40,000 middle-level IT professionals in India may lose their jobs in a year"},"content":{"rendered":"

New Delhi, <\/strong>In a bid to slash expenses and resources to battle mounting costs, the technology services companies may shed as many as 40,000 mid-level jobs by next year.<\/p>\n

According to the report, one fifth of the work force across IT companies comprises of mid-level resources, with work experience of 10-20 years. So, this figure comes close to 6,00,000 professionals, which means about 7% of mid-level IT professionals could lose their jobs in the next 12 months.<\/p>\n

\n
\n
A typical pyramid structure is followed by the Indian IT firms. At the wide base it has more employees with less cost per head, the mid-level comprises of \u00a0experienced professionals, while, at the top there are senior level decision makers.<\/div>\n<\/div>\n<\/div>\n

 <\/p>\n

With weakening business, companies are in the hunt to shed the mid level employees with experience in the traditional services which have a shrinking future-demands. Instead, the companies are looking to have relatively low-cost resources, with expertise in newer digital skills.<\/p>\n

\u201cI don\u2019t think people have the luxury to carry on in a long term cost structure. Profitability is a concern and everybody is walking a tightrope,\u201d Rituparna Chakraborty, cofounder of TeamLease, a staffing company was quoted as saying.<\/p>\n

\u201cWhile reduction of people is not the first choice for any organisation, there is little choice for companies than to let go people either not performing or adding value,\u201d Chakraborty added.<\/p>\n

Employing over 3 million people, India\u2019s software industry registered 137 billion dollars in exports in FY19. The top six Indian IT services firms have earned a revenue of more than 60 billion dollars and employ more than a million professionals.<\/p>\n

These firms are seeing revenue from traditional services, such as application development and maintenance contribute two-thirds of their business, either drop or remain flat. Only the newer digital services business is growing faster \u2013 in double digits.<\/p>\n

\u201cAs in all sectors in the west, in India too, when a sector matures, there will be many in the middle level who will not be adding value to the salary they get,\u201d former Infosys board member TV Mohandas Pai was quoted as saying in the media.<\/p>\n","protected":false},"excerpt":{"rendered":"

New Delhi, In a bid to slash expenses and resources to battle mounting costs, the technology services companies may shed as many as 40,000 mid-level jobs by next year. According to the report, one fifth of the work force across IT companies comprises of mid-level resources, with work experience of 10-20 years. So, this figure […]<\/p>\n","protected":false},"author":2,"featured_media":4259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":{"0":"post-4258","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-career"},"_links":{"self":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/4258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4258"}],"version-history":[{"count":1,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/4258\/revisions"}],"predecessor-version":[{"id":4260,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/posts\/4258\/revisions\/4260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=\/wp\/v2\/media\/4259"}],"wp:attachment":[{"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ncrfrontlinenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}