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Alexina · 23-09-2008, 12:17 AM

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?

ShAdOwCoN · 23-09-2008, 12:41 AM

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 .....

smoothvibes · 23-09-2008, 04:04 AM

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

gurusam · 23-09-2008, 08:23 AM

I hope that all this gets solved by next year

as my campus recruiting would start from next year!!

Manish · 24-09-2008, 01:17 PM

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

Alexina · 25-09-2008, 12:00 AM

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!

smoothvibes · 25-09-2008, 12:05 AM

Quote:

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.

ShAdOwCoN · 25-09-2008, 12:44 AM

Quote:

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

smoothvibes · 25-09-2008, 01:45 AM

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

Manish · 25-09-2008, 05:18 PM

Quote:

Originally Posted by smoothvibes

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

Lucky Champs, God saved them from Wipro

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

23-09-2008, 12:17 AM	#1
Alexina Gold Member Join Date: Sep 2008 Posts: 704 Rep Power: 1	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? __________________ http://surrealrealities.blogspot.com/

23-09-2008, 12:41 AM	#2
ShAdOwCoN Phantom Lancer Join Date: Aug 2008 Location: Void Posts: 2,236 Rep Power: 3	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 ..... __________________ "Vae Victis" -> "Woe To The Conquered!" - Brennus ( Gaulish Warlord )

23-09-2008, 04:04 AM	#3
smoothvibes Moderator Join Date: Jul 2008 Location: New Delhi/ London Posts: 4,398 Rep Power: 6	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 __________________ ϯ Peace... May God Bless All The Victims Of 26-Nov-08.

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23-09-2008, 08:23 AM	#4
gurusam Silver Member Join Date: Jul 2008 Location: Mysore Age: 20 Posts: 433 Rep Power: 1	I hope that all this gets solved by next year as my campus recruiting would start from next year!!

24-09-2008, 01:17 PM	#5
Manish Join Date: Jan 2008 Location: Mohali, Chandigarh Posts: 2,864 Blog Entries: 1 Rep Power: 4	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

25-09-2008, 12:00 AM	#6
Alexina Gold Member Join Date: Sep 2008 Posts: 704 Rep Power: 1	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!

25-09-2008, 01:45 AM	#9
smoothvibes Moderator Join Date: Jul 2008 Location: New Delhi/ London Posts: 4,398 Rep Power: 6	don't worry Eddy, will be able to stay in control this can flactuate a bit but can not disturb a lot.

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IT situation not too good

IT situation not too good

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