It is hard for me to see Indian IT services based companies (Witch) offering such high package for yoe. Many of my friends have got 3x to 4x times hike in HCL, Wipro, LTI, Infosys. (Ex. Curr tc is 6-8 then they are getting around 17-24L). Is it something to worry about in future, have service based companies started to bill more to there clients? Will the market saturate and then there will be paycut or layoffs? What you all think. Tc:20L
Market will obviously saturate at some point and firing will happen except tcs/hcl . Also get ready for no hikes for years to come.
Which companies and why would firing happen? Also compared to other regions, Indian engineers are very cheap and decently proficient.
Only services company, not now after markrt is Saturated.
How many YoE ???
6
If you could provide the hike in numbers it would be possible to have much clear idea
Updated ...
If they billed more than its sustainable maybe! But i don't know how they can sustain this with previous billing without eating into their profits(which no company wants). Lets see if anyone with insider info can comment.