Major hiring in the so-called “Lay-off Era”
The smell of panic was evident in the air over the past months among the working class globally, especially in the IT Sector. Bloggers, media, and political entities, all seemed convinced that ‘the dark ages’ for the IT industry was upon us. Data was consistently thrown around proving beyond doubt that the young men and women looking eagerly to make it big in IT were doomed.
Now, the data that actually gave weightage to these ‘prophecies’ were not erratic or engineered. There have indeed been mass severances in tech giants like Amazon, Meta, Google, etc. and the phenomenon was quite ubiquitous, spreading across various business sizes globally. Over a short span of a few months, thousands of IT sector employees lost their jobs. Agreed!
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But the lapse was in assuming that the conditions were the same in every organization; that every firm involved in the IT industry was laying off loyal employees left, right, and center. Nothing could be farther from the truth. Not only are there big, robust IT giants that hung on to all their employees dearly, but many of them have even stepped-up hiring!
To understand how this came to be, we need to comprehend why some of these big names had to fire so many good people. As you will see, it can be safely concluded that this unpleasant outcome was the result of two separate forces coming into play at the same time. The first force was the release of funds by the governments during the pandemic to support IT as other sectors were handicapped due to the human resource being confined to their homes. IT sector was alive and kicking as things for them were ‘online’.
Now, this cash flow naturally stimulated the IT giants to hire recklessly so that they could take advantage of the easy money and make profits. As we all know, the pandemic was gradually tamed, and things started to get back to normal. The second force came into play. As the cash flow dried up, the extra workforce became redundant, and the result was major layoffs.
However, not all business houses reacted similarly to the situation. Wise and experienced business minds with a firm belief in ethics never jumped at this pseudo-opportunity and consequently, as things came to normal, they had enough resources to expand reasonably. Big Tech houses like Vee Technologies are on to massive hirings. In fact, Vee Technologies has announced a major recruitment of at least 3000 IT technocrats over the next financial year.
The human resources department is responsible for identifying and grooming high-potential personnel. HR departments accomplish this by performing staff performance reviews and candidate pre-employment screenings. The assessments aid HR in finding outstanding performers by putting their analytical reasoning, communication, leadership, and teamwork to the test. Any unfavorable input about the applicants is taken into account, and the highest-scoring candidates are selected.
Other major players in related sectors that are actively recruiting freshers and experienced alike are listed below:
VeeTechnologies, Bosch Group, GE Healthcare, Aster Prime Hospitals, Syneos Health, Vydehi Super Speciality Hospital, etc.
VeeTechnologies, PayPal, Ripple, Bosch Group, Boeing, SNC-Lavalin Group, Bharatiya Reserve Bank Note Mudran Pvt Ltd., ExxonMobil, Stalwart management consulting, etc.
Job sites/Hiring platforms:
HireMee, LinkedIn, Glassdoor, Indeed, Monster, CareerBuilder, ZipRecruiter, Linkup, SimplyHired, Flexjobs, Snagajob, Robert Half, The Ladder, AngelList, Scouted, etc.
Slack, Mondaydotcom, Asana, Trello, Wrike, Podio, Miro, Flock, Teamwork, ClickUp, Nutcache, Evernote, Creately, Hibox, Nifty, Figma, etc.
Cloud services, Oracle Cloud Infrastructure (OCI), Hewlett Packard Enterprise, VMware, Nutanix, Redhat, Tekion Corp, BrowserStack, Cohesity, NetApp, Rubrik, Adpushup, Mediadotnet, Kevel, etc.
Goldman Sachs, Morgan Stanley, World quant, JP Morgan, Arcesium, Intuit, Druva, Wells Fargo, De Shaw, Bank of America, Citigroup (Citi), U.S. Bancorp, PNC Financial Services, Truist Financial Corporation, TD Bank N.A., Capital One Financial Corporation, etc.
Dell, Arista Networks, VMware, Qualcomm, Nvidia, Directi, Palo Alto Networks, etc.
Vee Technologies, Turvo, Delhivery, Porter, Rivigo, Pickrr, Vahak, etc.
Ericsson, Tejas networks, Nokia, Radisys, NEC, etc.
Analytics & IT:
Vee Technologies, Tiger Analytics, Fractal, MuSigma, Latentview, Tredence, Cisco, etc.
Hence, there is no reason to panic about getting laid off because there is no “Laying-off Era”, as hyped by these so-called IT experts and tech gurus. If you are qualified and reasonably talented, you will be absorbed readily with all the compensation and perks you have been looking for. You just need to brush off the mental block and go out and grab your opportunity, of which, there’s plenty!