Indian techies were tripling salaries during the pandemic due to bloated demand for talent.
But the tech sector — especially edutainment — has already begun feeling the pinch amid a global downsizing.
The worst may come next year, a recruitment expert told Insider, who predicts a surge in layoffs in the Spring.
As the world strapped in for the pandemic, closing schools and sending workers home last year, India’s techies were having a field day.
Firms in Bengaluru, a tech hub in Southern India with 1.5 million IT employees and once dubbed the “world’s back-office,” hired willy-nilly, as they struggled to cope with a surge in global demand for digital products.
“Salaries hit the roof,” Yeshab Giri, the chief commercial officer at Randstad India, told Insider.
He recalled one applicant who left his job with an annual salary of 1.2 million rupees, or $14,700. The tech worker received five offers from five different companies, and over several months…
This article was written by [email protected] (Matthew Loh,Britney Toh) and originally published on www.businessinsider.com