Why did the I.T sector crash so bad?
When it comes to making money most people tend to go for the IT jobs and that too in private sector. Where they get ample salary according to them and think that they have a future secured for them as it was like an unspoken rule till now that even if every sector fails the IT industry will always rise which was true till 2022 but 2023 showed us the dark side of the IT industry when we got mass- layoff going on without even giving any reason.
There were many reasons leading to this scenario but there are a few questions that hit my mind.
- Why do the MNC’s always tend to preach that the employees are their family and do various things which are not needed. I mean why to give 10 type of snacks, 12 types of beverages, supererogatory gifts and perks. ( This later on makes for an excuse that the company is facing financial issues).
- Why do the companies always tend to have an extra amount of employees then needed who are sitting on the bench and not used up which later on removed without giving any reason.
- Is there no other occupation which can pay the money. I mean why do we need to go to IT sector specifically because some friend, neighbor, family member is earning a lot or you don’t have a goal specified in your mind ?
India has always prevailed in service, agriculture sector and not in manufacturing, entrepreneurial sector this makes us the job seekers and not the Job creators even after doing hard work day and night.
In conclusion, I would like to wrap up by stating “A rising tide lifts all boats, and you have to start with job creation. We will never get there until we replace all these jobs that have been lost”.
Phil Gingrey
Feel free to follow and like my article if you have similar thoughts or leave a comment if you disagree and why.