Effect of Recession on our Jobs

12th July 2009, 15:52

Market has kicked off a bit. At least for executive management IT sector. Performer level is still experiencing trimming. Give it about a month or two. I spoke with CTO of a well known corporation last week; his take to this whole scenario was 'temporary' According to him India has not seen any real recession yet! All we see these days is speculations, people being over cautious in spendings. India had the niche for cheap tech performers and shall always be the case.

Also people working at IT companies must have noticed many PMO's being formulated these days in india why? All i shall say is everything shall be back to normal pretty soon.

passion4cars · 12th July 2009, 16:55

Don't know about the recession effect on my job but definitely my car is taking the brunt of it , as no makeover for my car in 2009 .

abhibh · 13th July 2009, 01:04

Quote:

Originally Posted by D-Man

Market has kicked off a bit. At least for executive management IT sector. Performer level is still experiencing trimming. Give it about a month or two. I spoke with CTO of a well known corporation last week; his take to this whole scenario was 'temporary' According to him India has not seen any real recession yet! All we see these days is speculations, people being over cautious in spendings. India had the niche for cheap tech performers and shall always be the case.

Also people working at IT companies must have noticed many PMO's being formulated these days in india why? All i shall say is everything shall be back to normal pretty soon.

It depends upon which sector your are talking about. I was talking to some friends and they said their quarterly turnover is down by 50%. I myself is a victim of 50% decrease in overall income.

Samurai · 13th July 2009, 08:20

Quote:

Originally Posted by D-Man

Also people working at IT companies must have noticed many PMO's being formulated these days in india why? All i shall say is everything shall be back to normal pretty soon.

If it does, it will be the shortest recession I would have seen.

msdivy · 13th July 2009, 14:33

More bad news: Siemens IT arm sacks 500 employees: Rediff Money

neoonwheels · 13th July 2009, 16:00

Quote:

Originally Posted by kpbhatt

Update from my end: was laid of on 27th March 09. Hunted for a job for 2 months and landed with a similar position as my previous job in a startup firm. Took a 10% cut in salary and a good amount of facilities that were defacto in a bigger organization -- on the plus side -- i have a job and i can pay off my home loan and support my family.

Thats a good news !! Congrats Bro!!. I myself went through this couple of times. In Oct 08, resigned from a company bcoz of bad attitude of mgnt, then was at home for a month, joined a big h/w based company (brocade) in their s/w div and got lay off on 31st March. I was at home for 2 months and then joined another company in Jun 09. I always thank god and my family coz of whom I managed to be a sane human being [

]

13th July 2009, 16:04

@samurai- According to me its cyclical to see such short recessions but what is worth to note is the peaks of this one are very steep. After every major war there is a recession. War's usually bring a hike in the economy if you look at trends. This one came after the Bush's rampage, Change in govt and many factors. The reason why this one is predicted to not last as such is a diverse govt for USA. The rampifications promised when exercised shall produce a result which many shall benefit.

16th July 2009, 11:37

one of my sister concerns have openings for Asp.net Web-site developer and PHP Developer. Where do i post the requirement? If possible I want a BHPian to be hired.

Jaggu · 16th July 2009, 11:41

Quote:

Originally Posted by D-Man

one of my sister concerns have openings for Asp.net Web-site developer and PHP Developer. Where do i post the requirement? If possible I want a BHPian to be hired.

Please go ahead with the post here http://www.team-bhp.com/forum/shifti...on-thread.html

cheers
Jaggu

16th July 2009, 12:01

Thanks Jaggu. I have posted the reqs there.

msvg · 21st July 2009, 17:32

I think the IT market is picking up,alot of companies are started recruitment at least for the laterals ...Hope things will get back to normal ASAP

udaydesai · 9th October 2009, 22:19

Today i lost my job. I am on 3 month notice. Guys i am from oil & gas sector with 9 years of exp. Can anybody help me.

prince_pervez · 9th October 2009, 22:25

^^ Sorry to hear that man! Why don't you try abroad. UAE etc. IFF you are willing to go abroad that is.

udaydesai · 9th October 2009, 23:32

Quote:

Originally Posted by prince_pervez

^^ Sorry to hear that man! Why don't you try abroad. UAE etc. IFF you are willing to go abroad that is.

willing to travel anywhere

udaydesai · 10th October 2009, 07:44

Can anybody help me in finding a job. I am on 3 months notice. I have 9 years of exp in oil & gas sector

12th July 2009, 15:52	#466
D-Man Posts: n/a	Market has kicked off a bit. At least for executive management IT sector. Performer level is still experiencing trimming. Give it about a month or two. I spoke with CTO of a well known corporation last week; his take to this whole scenario was 'temporary' According to him India has not seen any real recession yet! All we see these days is speculations, people being over cautious in spendings. India had the niche for cheap tech performers and shall always be the case. Also people working at IT companies must have noticed many PMO's being formulated these days in india why? All i shall say is everything shall be back to normal pretty soon.
	() Thanks

12th July 2009, 16:55	#467
passion4cars BHPian Join Date: May 2006 Location: Melbourne Posts: 156 Thanked: 6 Times	Don't know about the recession effect on my job but definitely my car is taking the brunt of it , as no makeover for my car in 2009 .
	() Thanks

13th July 2009, 14:33	#470
msdivy Senior - BHPian Join Date: Aug 2006 Location: Bangalore Posts: 1,815 Thanked: 2,826 Times	More bad news: Siemens IT arm sacks 500 employees: Rediff Money
	() Thanks

13th July 2009, 16:04	#472
D-Man Posts: n/a	@samurai- According to me its cyclical to see such short recessions but what is worth to note is the peaks of this one are very steep. After every major war there is a recession. War's usually bring a hike in the economy if you look at trends. This one came after the Bush's rampage, Change in govt and many factors. The reason why this one is predicted to not last as such is a diverse govt for USA. The rampifications promised when exercised shall produce a result which many shall benefit.
	() Thanks

16th July 2009, 11:37	#473
D-Man Posts: n/a	one of my sister concerns have openings for Asp.net Web-site developer and PHP Developer. Where do i post the requirement? If possible I want a BHPian to be hired.
	() Thanks

16th July 2009, 12:01	#475
D-Man Posts: n/a	Thanks Jaggu. I have posted the reqs there.
	() Thanks

21st July 2009, 17:32	#476
msvg BHPian Join Date: Dec 2007 Location: USA / Bangalore Posts: 209 Thanked: 23 Times	I think the IT market is picking up,alot of companies are started recruitment at least for the laterals ...Hope things will get back to normal ASAP
	() Thanks

9th October 2009, 22:19	#477
udaydesai BHPian Join Date: Dec 2007 Location: mumbai Posts: 296 Thanked: 26 Times	Today i lost my job. I am on 3 month notice. Guys i am from oil & gas sector with 9 years of exp. Can anybody help me.
	() Thanks

9th October 2009, 22:25	#478
prince_pervez Senior - BHPian Join Date: Dec 2006 Location: Redwood shores, CA, USA Posts: 4,210 Thanked: 51 Times View My Garage	^^ Sorry to hear that man! Why don't you try abroad. UAE etc. IFF you are willing to go abroad that is.
	() Thanks

10th October 2009, 07:44	#480
udaydesai BHPian Join Date: Dec 2007 Location: mumbai Posts: 296 Thanked: 26 Times	Can anybody help me in finding a job. I am on 3 months notice. I have 9 years of exp in oil & gas sector
	() Thanks