The outcome was harsh with several executives suddenly losing their jobs. Industry experts have warned that these layoffs would continue for the next two years. Of the major chunk of people working in the domain, some will start thinking of alternative career options while others will rather prefer to upskill themselves to survive the storm. But, many a times, even after due diligence in the hiring work they go wrong. When companies earn good profits and are highly funded, their complete focus remains on the growth trajectory and they often make the mistake of recruiting miss-fit candidates. These employees survive as human resources are needed in every organization. It happens in almost all companies every year mainly at the time of appraisals, where managers identify people who cannot function independently and need regular follow-ups. According to the company, the bigger challenge would be in retaining the available workforce because of the dramatic shift in technologies. Chittora said IT companies must now focus on building disruptive products and creating workforce that would deliver IT services in niche technologies. This, according to him, would give higher margins and competition would be lower.
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