Are the good times finally over for IT/ITes Industries? Write in

Are the good times finally over for IT/ITes Industries? Write in

First came the news that a leading industry player such as TCS had cut the variable pay of its employees. Now, IBM has reportedly fired 700 freshers.

Does this mean that the IT/ITes industries will now become very particular about whom they hire and the skill set of the employee?

Is the time when anybody and everybody in these sectors got a hefty pay packet gone for good? Has the Indian IT industry finally lost its low cost USP and will it now have to compete with the biggies of the world on skills and products? Is it a field youngsters should opt for?

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TCS cuts staff salaries in tune with tough times

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IBM dismisses 700 freshers in India

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