2008 freshers from Engineering colleges in Computer Science and IT discipline are seriously facing a drought of Jobs in IT sector in India. The most prominent reason cited by IT experts is the certain dip in the US Economy has a direct effect on projects of US clients that are flown for completion to India.
As a result of which most offices of USA based companies in India have dried up in terms of projects. This has apparently resulted in firing of many employees in big brand names where the frustration of extreme shortage projects has been laid on the employees. Even many IT companies who had recruited people for 2008 freshers batch have either delayed the joining or canceled it.
Other major reason for this falling of IT projects in India is also attributed to the rising of IT development in Philippines and Vietnam. The reports say that both Philippines and Vietnamese outlets of companies are giving the same quality of ok at less cost price to the project owners as compared to India.
3 Responses to “The falling of IT sector jobs in India | Freshers Job Shortage”
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it is exactly what the computer science students facing now
I can imagine the frustation of the freshers who are completing their college aroud this time, because I went through one in 1992.
Hope this time the turnaround is faster…
Yes I also hope that this bad run in the Economy finishes soon. But there is one more news which may not please freshers. After the failure of some US banks the Economic crisis will deepen more across the world.
After Lehman Brothers Bak have filed Bankruptcy in USA their is major hiccup. In India alone 25,000 people fear loss of their job in this quarter only (Aug - Dec, 2008). So lets hope for the best for all.