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Indian IT cos expect layoffs, shrinking job market in next 2 qtrs

Wednesday, October 11, 2017

Indian IT professionals are likely to see reduced job opportunities in the next six months as traditional roles are increasingly getting disrupted in the wake of automation and digitisation, a survey found out.

According to the Experis IT Employment Outlook Survey released yesterday by Experis IT – ManpowerGroup India, IT hiring intentions will further slacken for October 2017–March 2018.

The IT industry is looking at adjusting the talent pool, considering major hiring in junior and mid levels while contemplating layoffs in the senior slab, the survey of 500 Indian IT employers across India said.

"The collective number of layoffs that the IT giants are contemplating is way higher than what the Indian IT industry has ever witnessed and this trend is likely to continue for the next 6-12 months," the survey stated.

Accordingly, IT professionals should utilise the next 6- 12 months to upskill themselves to get into cutting-edge technologies where demand will be huge, it added.

"A rise in new enabling technologies such as software as a service (SaaS) offerings, cloud-based enterprise resource planning (ERP) software, Artificial Intelligence's (AI) unprecedented speed, accuracy and cost efficiency is significant to maintain the competitive edge which are driving the businesses now," said Manmeet Singh, President at Experis, ManpowerGroup India.

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