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india - layoffs

 
author & internet detective
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This article says a 25 year old developer killed himself recently in India. He was worried about not having job security amongst the massive layoffs in his city in India. And that there is talk of a union to prevent mass layoffs.

All the articles (in English) that I found on the topic discussed it at this superficial level. Are there any sources (or can someone summarize a non-English) source on this? In particular, I'm trying to understand why he was expecting job security at first. And why big layoffs are surprising. Big companies do layoffs. It sucks as an employee (especially a laid off one), but it isn't a surprise.

It's also ironic, because many people in other countries were laid off for some of those jobs to go to India in the first place.
 
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I don't know that it makes much sense to try and read anything into the actions of a single person (who may or may not have misread his personal and/or the overall situation). By all accounts I read turnover in the IT industry in India is quite high, so people looking for and finding IT jobs should be a common occurrence. Even more so in a fluent industry like software and IT, where turnover tends to be higher just about everywhere.
 
Marshal
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I would have thought there is usually more than that behind any suicide, but as you say, the article doesn't give enough detail for us to know.
 
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Here's a more detailed article:
http://timesofindia.indiatimes.com/city/pune/fear-of-future-drives-techie-to-jump-off-hotel-terrace/articleshow/59585777.cms

Yes, there is a huge layoff happening in india. There is a viral video going around that of an HR asking an individual of a certain company to put down his papers in 24 hours or he would be terminated as per a clause that was mentioned in his offer letter. Thousands of employees are actually affected by this.

On the lighter side of things, Matrimonial ads have actually come up with a new phrase "IT professionals, please do not respond".
 
salvin francis
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As for reasons for layoffs (My own opinion):

  • In India, when the dot com saga began, millions of folks turned to IT as a career. Call center jobs were frowned upon and IT jobs were looked up to
  • Universities began offering specialized courses in many IT fields. This lead to a very huge mass of folks joining the band-wagon (Me included)
  • Now, suddenly, the demand for IT has fallen down drastically. (Let's not get into the reasons why ).
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    salvin francis wrote:

  • Now, suddenly, the demand for IT has fallen down drastically. (Let's not get into the reasons why ).

  • But this is actually an interesting question.

    The demand for good software developers is still very high. Here in the Netherlands every now and then in the news it is mentioned that there is a large shortage of technically skilled people, especially computer programmers. As a freelancer, head hunters and agencies are contacting me almost every day with job offers...

    So I wonder why, as you say, in India the demand for IT has fallen drastically. I don't see a lesser demand for IT here in the Netherlands - on the contrary.
     
    salvin francis
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    That fact is actually really good to know especially for all indians reading this post who have lost hope in IT. I really hope that some company with roots in Netherlands starts hiring soon in India.
     
    Ranch Hand
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    Jesper de Jong wrote:I don't see a lesser demand for IT here in the Netherlands - on the contrary.


    I wonder if the vast difference in the size of the IT workforce in India (compared to the Netherlands) plays a role here.
     
    Jeanne Boyarsky
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    Thanks Salvin. That explains what I wanted to know.
     
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