Tech layoffs happening in US, not India, says Union Minister
The Hindu
Union Minister Rajeev Chandrasekhar also said that 18 lakh jobs have been added to the technology and electronic sector in the last two years and claimed that unlike in the past there is a reverse brain drain now with youngsters setting up start-ups and joining companies in India
Layoffs are happening in the tech majors in the US and not in India, said Rajeev Chandrasekhar Union Minister of State for Electronics, Information Technology, Skill Development and Entrepreneurship. Moreover, according to him, India has added 18 lakh jobs in the technology and electronic sector in the two years since the pandemic
Mr. Chandrasekhar was responding to a concern expressed over the impact of the pandemic on the IT sector during an interaction with students at St. Teresa’s College ahead of the release of the Malayalam translation of IT guru and academician E. Balagurusamy’s biography on Friday.
“The pandemic has only reinforced the relevance of the technology. In fact, the demand for professionals (in the technology and electronics sector) has far exceeded the supply. A youngster doing graduation now has 150% to 200% greater chance of landing a job provided he or she has the right skills,” said Mr. Chandrasekhar.
He urged youngsters to acquire additional skill sets alongside graduation. India is the most happening place in terms of digital ecosystem and talents.
Mr. Chandrasekhar also said that layoffs are happening in the tech majors in the US and not in India, and that he has even invited to India 500 staff recently laid off by a tech giant.
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Unlike in the past there is a reverse brain drain now with youngsters setting up start-ups and joining companies in India based on their expertise acquired abroad.