Don't worry this article is not to bore you with stats and company names, it's all over the internet. Here's my perspective as a writer and young professional.
As an aspirant, just entering the professional world, it's a common notion to feel that getting placed in big whales like Microsoft, Amazon, Facebook, Twitter, Google, etc. makes life certain and career set. It's not just for engineering grads but even for non-tech people.
But seeing the latest trends of layoffs, job cuts and hiring freezes, it's shown that life and career can be so uncertain and unpredictable.
Everyone has started believing and realising that constant upskilling is the key. Making your portfolio so strong and credible that you can crack other job interviews.
A couple of days back, before i got to writing this article I happened to have a conversation about this hot topic with a friend who's an engineer working in Intel. Here's what I've grasped.
Few primary reasons commonly analysed are -
1) mass hiring in the pandemic
2) recession
A reason that some quote but doesn't fit in - firing the non competent workers. The interview and hiring process of the giant companies doesn't allow entry of non competent workers. The screening process is very rigorous.
Actions like mass layoffs will not necessarily improve the company's perfomance and working. Instead re- structuring and re-organizing teams and departments seems like a more productive path to take.
The dagger of uncertainty in corporates is affecting loyalty. You pay me, hire me, fire me is the new trend! Company- employee credibility is getting hampered. This trend can't keep sliding.
Article by Sukhmani Sharma
Graphics by Sanskar Dubey
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