Financial crisis first affect the US, more people lost their jobs and some of them got suicide with there family also. Now It affects India by the Satyam computers. Satyam is the 4th best software company in India. But now its in the big problem and makes there employees unhappy. Satyam loss affect share market and software industries. So most of the software companies are trying to eleminate there employees.
Satyam loss not only makes unhappy to software employees, they also unhappy the future software engineers. Students who studying in engineering colleges have lot of dreams about software job, but now there dreams are totally demolished. Now a days, most of the companies stopped recruiting people. No opening for jobs today. Companies coming to recruit people from colleges are reduced. This year very less people only got placed in software companies, but they also not sure about job security.
Now its a question mark for all future engineers. What they will do for job. There is more than 6 lakh people studying in engineering colleges in India. Now a days, Arts college students get job quicker than engineering students. Even BPO also not recruiting engineers. Will this problem solve soon? or is it just a beginning of problem?
January 11th, 2009 at 10:00 am
Ya, I agree… These are tough times for us… We need to keep up our jobs! There is a lot of talks on pay cuts and layoffs as well… To say the least, we were a slightly lucky batch in that atleast most of us have started working. Thinking of this year’s passout and the next! Phew! Everybody wants to see the IT Boom back!
PS: Machi, try to improve your grammar da. This is only a suggestion…
January 11th, 2009 at 1:57 pm
@praveen
thank u for the suggestion…. I created this blog to improve my grammar.. so if you found any bugs, forgive me…
January 12th, 2009 at 7:41 am
Mama it’s not like that.. Don’t rely more often according to this satyam problem. Nowadays there are lot of opportunities for all but it’s not regarding their studies… Am i correct?
January 12th, 2009 at 3:36 pm
@vijayE
ya its true… but all engineer students always like to join software company. They joining engineering to earn more money da…
January 13th, 2009 at 12:56 pm
@ Naresh
Dude! I don’t think opportunities are there for everyone. The situation is worse than you think right now. Almost every field is affected this time.
January 13th, 2009 at 5:43 pm
Oh here comes Vinod predicting doom and gloom as usual. According to him the entire world will shut down and every single person will be on the streets in a few months.
January 14th, 2009 at 5:53 pm
Hey now financial meltdown in all over the world. so dont wanna panic too much.. it will back in to position in 1 or year . But one thing y all enginer sucking to sw jobs alone. useless guys .. try for some other oppps too..
December 27th, 2009 at 11:11 am
I’m not into engineering field but i hope i can post my opinions here Naresh. I’m into education industry and yes you are right - Financial crisis is everywhere in different forms and with different names: Global Recession, Global Financial Crisis, Economic Meltdown and so on. This problem does not happen once in a lifetime, this is a recurring challenge from time immemorial. And in our generation it is in our time that this problem resurface. The crisis does not just affect engineering field but the entire globe- all walks of life, all aspects of career. It seems to affect engineering industry much since we are now in a technological age wherein almost everything is run by computers. But as our ancestors survived the drought so shall we survive the economic crisis. After all, the sun always rises and people have high hopes for the future.