Tech layoffs: Jobless Indian IT professionals are attempting exhausting to seek out new employment in US

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NEW DELHI: After a yr that was marred with geopolitical uncertainties and associated impacts like hovering inflation, tightening financial coverage and slowing financial progress, the yr 2023 began with a collection of layoffs at large corporations like Google, Microsoft, Amazon and extra.
The layoffs have impacted virtually all sectors, however the worst of them has been the tech sector worldwide.
Based on a report in Washington Submit, practically 2 lakh IT staff have been laid off since November final yr in the US.
In consequence, 1000’s of Indian IT professionals within the US have additionally misplaced their jobs and are actually struggling to seek out new employment throughout the designated time interval below their respective visas.

Listed below are 10 issues to know:

  • Tech corporations are going through a requirement downturn after 2 years of pandemic-driven progress throughout which that they had employed aggressively. That has led the likes of Meta Platforms Inc to Microsoft Corp to shed 1000’s of jobs.
  • As per some business insiders quoted by PTI, between 30 to 40% of the laid off staff are Indian IT professionals, a major variety of whom are on H-1B and L1 visas.
  • A considerably giant variety of Indian IT professionals, who’re on non-immigrant work visas like H-1B are L1, are actually scrambling for choices to remain within the US to discover a new job within the stipulated few months time that they get below these international work visas after dropping their jobs and alter their visa standing as nicely.
  • The state of affairs is getting worse for these on H-1B visas as they need to discover a new job inside 60 days or else, they might be left with no different choice however to go again to India.
  • Indian staff who’re within the US in the intervening time really feel that getting one other job inside this quick interval is subsequent to doable when all IT corporations are on a firing spree, information company PTI reported.
  • Based on a PTI report, International Indian Know-how Professionals Affiliation (GITPRO) and Basis for India and Indian Diaspora Research (FIIDS) have launched a community-wide effort to attempt to assist these IT professionals by connecting job seekers to job referrers and informers.
  • Fired IT staff have additionally shaped varied WhatsApp teams to seek out methods to search for a job. Individuals are additionally serving to one another by forwarding any vacancies they discover within the US. In one of many teams, there are over 800 jobless Indian IT staff looking for a job.
  • Indians in US are additionally discussing the accessible visa choices with them – some immigration attorneys have volunteered to supply their consultancy providers as nicely.
  • Folks quoted by PTI additionally mentioned that the job loss is a large disruption on their household lives and schooling of kids. They’re now interesting for the immigration course of to be redesigned to higher assist H-1B staff and retain extremely taented staff within the US.
  • Google grew to become the most recent to hitch the record of tech corporations who’ve resorted to firing staff citing the opposed influence of a worldwide slowdown. The corporate has additionally paused their inexperienced card processing. Microsoft, Amazon, Meta, Intel, Lyft, Twitter, Salesforce, Qualcomm, Coinbase International, Goldman Sachs, Morgan Stanley and a number of different main corporates have slashed jobs thus far this yr.

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