The silent crisis: Why Indian IT engineers are staring at a future of no jobs
Indian IT (information technology) industry might like to put all the blame on Donald Trump for its woes – single-digit growth, retrenchment and reduced hiring from campuses. But the'Trump effect' masks the crisis that is silently brewing. In a recent presentation to Nasscom, Global advisory firm McKinsey & Company said that nearly half of the workforce in the IT services firms will be "irrelevant" over the next 3-4 years. A similar view was echoed by Capgemini CEO who feels that 60-65 percent of the workforce are just not trainable. According to a study by Horses for Sources, India is likely to lose 640,000 jobs to IT automation by 2021.
Feb-22-2017, 05:20:10 GMT
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