Tech Job Market In India May Get A Boost Amid Layoff In US
NDTV
Fintech company Stripe, ride-hailing company Lyft figure among the companies that have announced layoffs.
Large-scale layoffs in the US may have spooked techies in India. But the global downturn is likely to boost the domestic job market and trained talents are likely to find many takers, IT industry experts have said.
But those working on the onsite or big companies such as Amazon, Google, Meta Netflix, etc have reasons to worry as they face the prospects of a dip in their compensation.
While Twitter's massive layoff plans hit the global headlines on Friday, media in the US also reported large-scale firing across startups and hiring freeze in big tech companies such as Amazon and Google.
"Amazon announced it would no longer fill certain corporate positions, while Apple said it would stop hiring in most departments. In doing so, they join other megacap tech companies including Facebook parent Meta and Google parent Alphabet that have frozen hiring over the past few months," reported fortune.com
