Is India tech industry soon going into recession?

Samsung
Likeicare

Go to company page Samsung

Likeicare
Apr 25 17 Comments

Since a few days, I have read many Blind posts from US discussing that recession has started or recession will begin soon. All such posts indicated that big tech layoffs are round the corner. Being a software developer with ~2YOE and preparing for switch, I am not sure what to make of it.

Could my Indian tech seniors highlight and forecast IT developers market scenario in India for remaining 2022?

TC: 24L
2YOE
Bangalore, India

#engineering #software #swe #recession #layoffs #india

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 TOP 17 Comments
  • Amazon
    280k 7yoe

    Go to company page Amazon

    280k 7yoe
    Don't jump to a startup with low cash on hand or pre-revenue right now. Samsung will do just fine, if you are risk averse stay there.

    Wait for a few (6-9) months and see how things go.
    Apr 25 7
    • Amazon
      280k 7yoe

      Go to company page Amazon

      280k 7yoe
      Future of fintech is democratization. A fintech only firm will face tough competition and struggle to make profits beating every other player in the market unless they are well diversified. Given the uncertainty, liquidity constraints in the coming months better to avoid fintechs as they are overvalued and have a high Burn rate right now
      Apr 25
    • Samsung
      Likeicare

      Go to company page Samsung

      Likeicare
      OP
      Thanks Amazon. Will update my target companies list.
      Apr 25
  • New
    RagsRiches

    New

    RagsRiches
    Current TC and location?
    Apr 25 5
    • New
      RagsRiches

      New

      RagsRiches
      2020 grad or 2019?
      Apr 25
    • New
      RagsRiches

      New

      RagsRiches
      20.5 gross mean base right?
      Apr 25
  • Amazon
    deepPiper

    Go to company page Amazon

    deepPiper
    Recession is going to come hard in Indian tech industry. We can already see the effects of it in recent Startups layoffs. There is cash crunch overall, so my advise would be to only go for established companies which are market leaders in their area like Samsung, amazon , google. There is going to be bloodbath from June onwards. Whatever high TC you are seeing right now, it will all crash with stock market crash.
    Apr 25 2