IT situation not too good

with the US bankruptcy situation and with more software companies giving pink slips to their employees, the present looks shaky for those in the IT industry.

Freshers yet to join these companies are also filled with apprehension.

Whats ur take on it all?

Indian I.T companies claim that as non of the banks that declared Bankruptcy are their major client they have not been effected much ....The brunt of the blow as far as recruitment is concerned was taken by IIM's especially its overseas branch ...As Lehman bros were one of their major recruiters ...but coming back to I.T ...If you have talked with any Engg students lately ...you can easily gauge their "not so confident about getting a job" mood ....

But companies(Banks) like Goldman Sachs still have not reduced their recruitment ....

Like in my Alumnus they took many students for a min salary of INR 90,000 /month max around 2 lakhs

And these were Engg students not management

So this shows that everything is fine as of now .....

This can effect some small units but can not give any big hit on market and all units. I am working in Wipro and got US clients too but really need not to worry about this coz we work on bonds and contracts of 3 or 5 years.

Yes its true that it can show a bad impact on market

I hope that all this gets solved by next year as my campus recruiting would start from next year!!:clown:

The impact of Financial crises will definately effect the indian market, no matter how much Indian bank denies this but internally they are all effected

many of my friends who were scheduled to join IT companies were notified lately on the delay of joining dates..

So things are not lookin too good i ll say!

Originally Posted by Alexina

many of my friends who were scheduled to join IT companies were notified lately on the delay of joining dates..

So things are not lookin too good i ll say!

wipro has cancelled 2500 joining letters, i got this news yesterday at work.

Originally Posted by smoothvibes

wipro has cancelled 2500 joining letters, i got this news yesterday at work.

Yes i got that news too ...

Economy in a very bad state

don't worry Eddy, will be able to stay in control this can flactuate a bit but can not disturb a lot.

Originally Posted by smoothvibes

wipro has cancelled 2500 joining letters, i got this news yesterday at work.

Lucky Champs, God saved them from Wipro:clown:

Jokes Apart, Its a very sad news, I was on leave since last week, i too just came to know

TCS & Satyan have delayed the joining dates of freshers....

Yes, that's true, whole IT sector got shaked

Originally Posted by smoothvibes

wipro has cancelled 2500 joining letters, i got this news yesterday at work.

cancelled r u sure?
that means they are never gonna call those kids...like in even in the future.they just ignoring the fact that they recruited them ?

I've heard that the IT industry is going really bad.I feel sorry for all those peoples.

Many of my seniors who were waiting for their appointment letter got a rejection letter stating that the company would not be able to recruit them...This has taken quite a lot out of them...

yaaa this is sad, i was xpctng few more girls from campus hiring :sad:

Latest news is that JPMorgan buys WaMu....
I was working for WaMu 6 months back....
But later got released from that project.....
I also heard....WaMu project is going from my company (CSC India).....

oh! that's very sad, I believe Most of us are working in the BPO sector so we can understand the situation easily.

I am not working in BPO......

I meant many of us are directly or indirectly relying on the foreign economy

oh well actually me too placed in an IT company...
supposed to join sometime now
still waitin for their call letter...
i guess i can keep waitin for a while..
well i spend the time till then hangin around here.:ninja:

Means once you get hired you'll leave us..
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Yeepeee:14::14:

oh u can say all u want now..
once i'm gone it wouldnt matter, coz i wouldn't be there to hear anything at all. :ninja:

PS: Dont miss me when im gone

Originally Posted by Alexina

oh u can say all u want now..
once i'm gone it wouldnt matter, coz i wouldn't be there to hear anything at all. :ninja:

PS: Dont miss me when im gone

why and where are you going :sad:

Originally Posted by Alexina

oh u can say all u want now..
once i'm gone it wouldnt matter, coz i wouldn't be there to hear anything at all. :ninja:

PS: Dont miss me when im gone

Once you join some campus why can't you log on to India BB?

You are one of the active member over here. It will be a great loss for India BB. Hope you'll think over it and try to log in 2-3 times in a week.

Originally Posted by Manish

Once you join some campus why can't you log on to India BB?

You are one of the active member over here. It will be a great loss for India BB. Hope you'll think over it and try to log in 2-3 times in a week.

well i guess those guys dont want me there...its been a while since i heard from them..
its ok i ll chill in here, i like it here

Originally Posted by Alexina

well i guess those guys dont want me there...its been a while since i heard from them..its ok i ll chill in here, i like it here

Hey I didn't wanted that I want you to get into something good.

And remember....God says Wait..let me give you the best.

Originally Posted by ShAdOwCoN

Indian I.T companies claim that as non of the banks that declared Bankruptcy are their major client they have not been effected much ....The brunt of the blow as far as recruitment is concerned was taken by IIM's especially its overseas branch ...As Lehman bros were one of their major recruiters ...but coming back to I.T ...If you have talked with any Engg students lately ...you can easily gauge their "not so confident about getting a job" mood ....

But companies(Banks) like Goldman Sachs still have not reduced their recruitment ....

Like in my Alumnus they took many students for a min salary of INR 90,000 /month max around 2 lakhs

And these were Engg students not management

So this shows that everything is fine as of now .....

Like in my Alumnus they took many students for a min salary of INR 90,000 /month max around 2 lakhs

which colege dude ??? :16:

Guys working in IT....dont expect a good hike in your next appraisel. Even its not a good time to shift job as you wont get a pay u would expect.. Wait & watch...thats the mantra....

the situation is still the same, many of my frnds who should have got joining date r still waiting for a call.