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This is why MASS LAYOFFS will end by 2023
In recent years, the IT industry has been witnessing a worrying trend of mass layoffs. Renowned companies like Infosys, Capgemini, and Wipro have all been part of this disheartening phenomenon, causing distress among their employees and raising concerns about the future of job security in the sector. However, there are several reasons to believe that these mass layoffs will come to an end by the year 2023.
First and foremost, it is important to understand the reasons behind these layoffs. In an increasingly competitive market, companies are constantly looking for ways to cut costs, improve efficiency, and stay ahead of the curve. This often leads them to resort to downsizing and eliminating positions that are deemed redundant or non-essential. However, as the economy gradually recovers from the impacts of the COVID-19 pandemic, businesses are expected to regain stability, leading to a decrease in the need for such drastic measures.
Moreover, the IT industry is evolving at a rapid pace, with new technologies and trends emerging regularly. As companies strive to adapt and remain relevant, the demand for skilled professionals is only expected to increase. This will create a greater need for a talented workforce, ultimately reducing the likelihood of mass layoffs. In fact, several reports suggest that the IT industry will experience significant growth in the coming years, leading to a rise in job opportunities and a more stable job market.
Additionally, companies are recognizing the importance of employee well-being and its impact on productivity and company culture. The negative consequences of mass layoffs, such as low morale, decreased engagement, and loss of trust, are being acknowledged by corporations. Consequently, they are exploring alternative strategies to address financial challenges without resorting to massive job cuts. This includes implementing measures such as retraining and reskilling programs, employee development initiatives, and internal restructuring to optimize resources, all aimed at retaining talent rather than terminating it.
Furthermore, due to increased scrutiny from the media, public, and governments, companies are under pressure to maintain a positive public image. The negative backlash associated with mass layoffs can severely damage a company’s reputation and can have long-lasting consequences. As a result, many organizations are adopting more socially responsible practices, seeking to maintain a fair and ethical approach when dealing with employees during challenging times. This shift towards responsible corporate behavior will likely discourage mass layoffs and promote a more stable job environment.
In conclusion, while mass layoffs have been a concerning trend in the IT industry, several factors indicate a reversal in this trend by 2023. The expected economic recovery, the growing demand for skilled professionals, the recognition of the importance of employee well-being, and the increasing emphasis on corporate social responsibility all suggest a more promising future for job security in the sector. As companies continue to adapt and prioritize their workforce, the likelihood of mass layoffs will diminish, paving the way for a more stable and secure job market in the IT industry.
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Layoffs are not ending
Thank you for making this video and sharing your knowledge and spreading positivity.
You are not absolutely correct
Study deeply Core CPI inflation index and than make a video. FED closely looks at Core CPI index and not at headlines inflation data that you are saying has camed down at 4%.The Core CPI peaked at 5.4% and it is still at 4.3% and it is sticky there and it very hard to bring Core CPI to 2% range the FED target and it required 1 or 2 more rate hike one in November 2023 will be there and Economy will degrade over the course of time and unemployment will go up lay off is not started yet it is just the beginning and US Consumer and US Employees and still very strong and Still Employees has hands over the Employer to get jobs and job switch.The core CPI will down only when the Unemployment rate will go up and and economy degrades as the main reason for the higher inflation is wage spiral.The FED is continuously saying they want to cool down labour market and it is still very strong still there is job a good addition every month the time will come when the job addition will be negative and economy will degrade and there will be Recessionary scenarion. Company will suffer because of less consumer spending and revenue will fall and margin will fall and because of higher interest rate debt interest payment will go up and company will have to lay off employees no other option and it is just the beginning.
Layoffs are not ending brother. International market is going crazy with every passing day
Recession and Budget cut is still affecting IT sector.
Wrong absolutely wrong. Indians have habit of dancing before they actually win. What happened in covid wave 2?? Economy is not so simple dear, there would be very less number of projects in North america
There is no end for Layoffs.
Hopes
Perfect reason why you should never give birth to many babies.
Jobs are available in america
As the interest rates hiked by 5% in US by Federal govt of US
Wow good news❤
Is interest rate the only factor for IT decline. there are many other factors like AI taking jobs, company poor performance etc
jab tak us election nahi hogi tab tak economy recover nahi hogi..
I had been following you with most of your videos, subscribed to your channel but pls don't promote Max life insurance as their service is hopeless. I struggled like anything to include a rider to my policy. Ultimately after trying for 4 months I have stopped paying and looking for better alternatives insurers.
Thanks for sharing this. I'm also laid off from company.
Already we are being bombarded with work at the office. Inflation kam ho to gadho ki tarah kaam karo. Inflation zyada ho to layoff. Achhe din sirf companies ke liye
I have been laid off 6 months ago from Wipro. Don't believe that AI is not taking any jobs BS. Its true that jobs are getting cut because of AI advancement and current global economy downturn due to Geopolitics.
Interest nahi badha to kya hua.? Re-allocation of hedge funds and investments have already undergone sectoral shifts. Money is no longer flowing in tech sector. Irrespective of interest rate. This shuffle in investment will hurt tech and benefit other sectors.
Sure haha
Nahi Kam honge Bhai… challenge Kam se Kam iss saal tak means December 2023 tak
why greenscreen
Lets see Whether this Theory works or Not….!!!
सुनकर अच्छा लगा।
Is it best time to switch jobs in software in Bangalore?
Hope you are fine. I felt your energy level / voice was low compared to your original voice in various videos. Take care
Very positive news for those who have placement season next year. It increases motivation ❣️
nxt time fed will increase…after 2024 will be fine
Stock market mein to inflation aur interest rate ki Khel hai sir
Prasad, Thanks For making video on this topic