IT - 2017
Ever since Donald Trump got elected as US president, there has been sudden downtrend seen in the IT sector as far as India is concerned. The IT recruitment for laterals has seen a huge drop. New opportunities are not seen and new projects are not coming up. New investments are not happening. Existing projects are getting decommissioned. Ever since we saw the 2008 recession, 2017 has been a much more impacted one but not publicized. Clients are expecting to cut down costs and are requiring lots of value added services for the costs incurred. Non performers are getting ousted. Freshers are expected to replace laterals and even lateral hires are paid less. The hike that the industry expects while lateral hiring is not happening. Even for those who have been continuing with the same organization is seeing less hike per year. The industry's future looks gloomy as most of the college students are skipping Engg. and seeking other studies. Onsite opportunities are getting less and people...