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Old 27th August 2020, 11:40   #286
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Surprised that more are not talking about this in India. There is a bloodbath. Some niche profiles may get international offers, but the bulk has been in distress and hiring has gone down like never before.
Just came out of the economics thread discussing something similar. All the top performing stocks are dominated by tech companies that have heavily benefited by the pandemic. Somehow that is supposed to represent the economy.

Same thing is happening on job front. Since most of IT staff can work from home (WFH), they are still managing or even thriving. Most other jobs are destroyed. My FIL has leased out his hotel/pub/restaurant, and he hasn't received any rent since March, since the lessee has shut it down since March. The employees of the lessee are jobless. This is the situation with more than half the businesses in hospitality industry. Who is counting these job losses?

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real plight of the most competent MBA graduates
Isn't that an oxymoron? Don't worry, I am also an MBA. At least, competent MBA graduates can start new businesses by identifying opportunities in this upheaval. But people who don't have business skill, like the workers in hospitality, or any retail businesses, they are really screwed.
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Old 27th August 2020, 12:18   #287
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Just came out of the economics thread discussing something similar. All the top performing stocks are dominated by tech companies that have heavily benefited by the pandemic. Somehow that is supposed to represent the economy...
My own real brother works in Hospitality and although he still has his "Job", he doesn't go to work currently and receives no salary. He has no clue when actual work will resume and he will start getting paid again.

Last edited by Chetan_Rao : 27th August 2020 at 12:24. Reason: Trimmed quote.
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Old 28th August 2020, 17:41   #288
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My friends in IIMs (which have better talent than the so called top 5 in the B school list because of the CAT- and I have an MBA from the top 10) are struggling to find jobs in FinTech, E-commerce and even AI and statistics related fields in India. Startups have closed en masse. Hiring has frozen.
I'm hiring for competent AI + management skills. DM me.
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Old 31st August 2020, 13:06   #289
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My own real brother works in Hospitality and although he still has his "Job", he doesn't go to work currently and receives no salary. He has no clue when actual work will resume and he will start getting paid again.
My uncle (mom's first cousin) was a manager in a restaurant in Mumbai, in unorganized sector. The restaurant he managed has shutdown, so he is sitting at home since March. His wife found a job in a doctor's office for ₹1000/month. No, it is not a typo. They are managing only because his sister (retired Bank employee) is sending him money every month from her pension. A friend's younger brother (non-IT) is in similar situation, so the older brother is funding his expenses. Another friend's wife (non-IT) was fired, but husband has income, so they are ok. My brother (in IT) got a 25% pay cut.

I know we should not go by anecdotal evidence, but I see them a lot within family and friend circle. Just because certain niche sectors are doing well on job front, doesn't mean we are in recovery phase after COVID19.

PS: Brothers are real, don't need to qualify it. Non-siblings can be called as cousins.
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Old 31st August 2020, 13:55   #290
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I know we should not go by anecdotal evidence, but I see them a lot within family and friend circle.
Macro level picture also seems to indicate that. We should know by 5:30 PM today.

https://www.financialexpress.com/eco...tspot/2070115/
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Old 1st September 2020, 01:12   #291
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Surprisingly IT jobs are still coming through for niche skills. However RPA and AI skills are replacing lots of level 1 support jobs. The pandemic is accelerating this trend and we can shortly see entry level position for support being axed.
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Old 8th October 2020, 09:37   #292
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Surprisingly IT jobs are still coming through for niche skills.
Since August hiring seems to have started in full swing. I see more calls & conversions now than 2018/19 levels for SAP domains itself which nowadays are no more niche. Even for cloud based technologies there’s solid demand.

I believe firms are managing to save a lot from this WFH model plus the ‘Pandemic’ has forced end user firms to go digital in a big way who were more dependent on physical stores. That seems to have led to more projects & eventually solid hiring.

Last edited by SoumenD : 8th October 2020 at 09:46.
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