[xcentrk]

Originally Posted by that_sedate_guy

The situation is very dire, indeed. I myself am staring down the barrel of a notice period right now. Been searching fruitlessly for jobs for nearly 6 months now. Anywhere in my friends circle or peers circle that I ask for help, it's always the same 'hiring freeze' going on. Referrals barely work anymore. I'm yet to get a single call-back. It's been quite a BAD few months. Like, seriously bad. I'm running out of time, out of a job of course, out of money and out of peace.

Most of my rejections are because they want more years of experience (for whatever good that will do) instead of looking at valid experience and skills.

Also, I've applied to some positions that were more or less an exact match and still got the same "Unfortunately" emails and hey, after two weeks, the same position pops back up on my recommended notifications.

I hear the same in my friend's circle. I see the same job posting created again and again for last 6 months. Wonder how they can't fill one position for so long!

Although my contract gigs dried up, but at least I get projects here and there. But out of 1 year, now I am getting contracts for only 9 months unlike past years, where I would get more work than I can take.

[am1m]

Originally Posted by that_sedate_guy

Been searching fruitlessly for jobs for nearly 6 months now.

Do not get discouraged. These things come and go in cycles. As bad as the past 6 months have been, there will be times when multiple companies will have job openings and will be competing for the same skills. It's a waiting game. Of course, while you are looking with financial compulsions, that information may not be of much use. But please don't think it is because of you or your skills. Recruitment is very flawed in most companies.

One quarter a company will layoff several long-tenured employees, and within a couple of quarters, they will be willing to pay more for the same set of skills! Makes you wonder what planning is going on.

I know it is hard, but try and focus on something else during this 'down-time'. Family, hobbies, online learning/upskilling, anything. It is only a matter of time.

And if you haven't already, once you get that next job, your focus should be on immediately establishing/saving an emergency fund that will cover 6months-1 year of expenses for any future contingencies like this.

Originally Posted by that_sedate_guy

Also, I've applied to some positions that were more or less an exact match and still got the same "Unfortunately" emails and hey, after two weeks, the same position pops back up on my recommended notifications.

Originally Posted by xcentrk

I see the same job posting created again and again for last 6 months. Wonder how they can't fill one position for so long!

Several reasons for this. Subscription plans on job portals that auto refresh old jobs. Algos that re-cycle them on your feed to keep you engaged and using the platform. Companies that just need to advertise jobs at a particular location even though they have no intention of filling the job.

All you can do as a candidate is keep applying and wait. It takes time, especially the older and more experienced you are. In my 20s, I would get call backs and interviews on the same day I applied. In my 40s now it's taken me more than 6 months to find the last 2 jobs that I had.

[Samurai]

Originally Posted by that_sedate_guy

The situation is very dire, indeed. I myself am staring down the barrel of a notice period right now. Been searching fruitlessly for jobs for nearly 6 months now.

Your profile says aerospace engineer. But are you in the IT thread. What kind of roles you are looking for, where the demand had dried up?

[V.Narayan]

Rough seas ahead for India's IT industry

The Trump administration is more likely than not going to destabilize the H1B1 visa regime and who knows may one day impose a tariff on India's exports of software to USA. It is possible India's IT industry are going to face turbulent times over the coming 4 years with ramifications on jobs for Indians in IT. This could affect not only the third party providers such as TCS, WIPRO etc but also the off-shore centres in India of the likes of IBM, Accenture etc. Whichever way you look we have turbulent times ahead.

To put a context to this -- India's IT-BPO industry is about $254 billion in size. Of this roughly $ 100 billion are exports to USA.

Request members to please share their views.

[Samurai]

Originally Posted by V.Narayan

Request members to please share their views.

This came up 8 years ago when Trump was elected and started threatening H1B.

https://www.team-bhp.com/forum/shift...ml#post4137731 (H1B visa -Your Experience)

From another post from 2018:

Originally Posted by Samurai

In IT, all these years domestic market could not sustain the software industry. The reason is two fold. Indian companies got used to very cheap IT services, and Indian software engineers are used to high salaries. I have explained in detail here.

When overseas demand evaporates, two things must happen. Indian companies must get ready to pay more for software services, and Indian software engineers must get ready to work for less. Right now both sides are in denial, but eventually it will happen.

[blorebuddy]

Originally Posted by that_sedate_guy

The situation is very dire, indeed. I myself am staring down the barrel of a notice period right now. Been searching fruitlessly for jobs for nearly 6 months now.

Do not lose hope. Economic cycle which drives the job market is cyclical. Demand will come back eventually unless otherwise your job is obsolete because of new technology disruption. Stay put and plan for creating your emergency fund to survive after your notice period. Cut down or postpone all the expenses which can be. Keep trying through your network. Look at the job market in your field to see what are those few additional skills will help you to land in job. Start working on them and acquire, prepare yourself for those jobs. Hope this helps.

[Samurai]

https://www.youtube.com/watch?v=FX__xsDeu2A

While the above may sound very innovative, it doesn't solve a big problem recruiter face when it comes to screening fake candidates.

The fake resume cottage industry that has existed for many decades will now start churning out github repos with the best work to anyone willing to pay them.

[condor]

IMO, it's not just the IT BPO Industry in India that will face tough times. Even those on the H1 bandwagon currently in USA will feel the heat and be forced to return in significant numbers. From what I am reading, layoffs are already happening.

Closer home, Less than half of our Ex-colleagues who were forced to move out about two years back were able to find something.

[Fuldagap]

A friend of mine was searching for a job first time in 10+ years but had no luck so far. Not even one interview call despite a great experience albeit with a snall IT firm. I myself got his resume to several HRs in good companies but nothing. However, it came out to be a blessing in disguise. He and I networked so much over the past couple of months with professionals that out of nowhere we got a project for ourselves to develop something for a bank abroad. Few days later got another project for a big hospital abroad. I have been telling him to quit his job for years but life has its own ways to present opportunities. Now he is relaxed as far as his job is concerned, looking at recruiting a few team members instead.

[am1m]

Has the attitude on tenure changed generally, from the point of view of hiring managers and HR?

Looking at the LinkedIn profiles of several people who are hiring for various companies, I see a lot of them have average tenures of less than 2 years at each of the companies they have worked at. And these are pretty senior people, in hiring manager and senior HR positions. So I'm guessing they will not really be in a position to ask candidates why they have been jumping jobs every 2 years?

I'm old school enough to think tenure matters. But don't get me wrong, I don't want to trigger a rant about the 'younger generation', or 'work ethic' or anything like that. (And I hope this post doesn't trigger that!) I also know several older former colleagues who jump every 2 years.

I realize perceptions change, and there is nothing wrong with that. Often, I've also wondered why I stayed at some of my jobs for as long as I did, for no better reason than getting comfortable, wanting to show a long-tenure/loyalty.

Just wondering if there is an official/widespread change in perception about the importance of tenure in the IT industry. Do people with several short stints at companies still get questions about it during interviews? Or is 2 years even still considered a short stint?

[volkman10]

Cars24 lays off 200 employees.

The layoffs come amid Cars24’s efforts to streamline operations following a ₹498 crore net loss in FY24, despite a 25% increase in revenue to ₹6,917 crore.

Source: ET

[dailydriver]

Originally Posted by volkman10

Cars24 lays off 200 employees.

The layoffs come amid Cars24’s efforts to streamline operations following a ₹498 crore net loss in FY24, despite a 25% increase in revenue to ₹6,917 crore

What could be cooking in the Cars24's domestic kitchen is anybody's guess. On one hand, they are acquiring entities with promises of technical support/upgrades, and on the other, letting go of their own resources, citing misplaced priorities. Will shedding the (purported) flab help it see some profits? Only time can tell.

[am1m]

Originally Posted by dailydriver

On one hand, they are acquiring entities with promises of technical support/upgrades, and on the other, letting go of their own resources, citing misplaced priorities.

This is par for the course at almost any tech company, and has been that way for a long time. When things don't work out, take 'hard decisions' (somehow it never seems hard for the guys taking those decisions, they get bonuses!), lay off a division. A couple of quarters later, pay more to rehire those same skills.

I've worked for big companies and startups, for Indian and US entities, profitable and flat-broke ventures, 40-year old entities and entities that folded 7 months after I joined. Have seen my boss get laid off 2 months after I joined at one company. All just seem to have one arrow in their quiver, fire and see if things turn around. If they do, hey, you made the right decision. If not, fire some more.

It makes you wonder if the MBA degree from a top institute really translates to better planning. Or is someone just throwing darts at a board and just seeing how things turn out. Most tech startup founders may be tech geniuses but know jack-all about people. And all too often, unfortunately they think their mastery over one domain translates into all other aspects that are needed to make a successful business.

I have seen people get laid off at every single one of the companies I worked at over 20+ years in IT. No exceptions. The only good thing that did was give me a realistic understanding of the job security I can expect at any IT company and much before financial planners were advising "6 months to 1 year emergency expenses", I had that in place. Also kept my desk clean and always backed up any personal files weekly, so I could just hand over my laptop and walk out of any job!

[Oxy]

Infosys lays off another batch of trainees.

https://timesofindia.indiatimes.com/.../120721269.cms