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IT Layoffs: Do Startups Offer A Ray Of Hope To Those Retrenched? Not Really; Here’s Why

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With fears of massive layoffs in the IT sector heightening, the professionals in major companies are in a mad scramble to find out avenues that would give them employment. Would startups — termed job creators — be able to take back some of the available talent in the IT sector?

That depends on the skills the IT professionals have, says Sanchit Vir Gogia, Chief Analyst & CEO, Greyhound Research.

“The fact that the IT professionals are being laid off means that the skills they possess are getting obsolete. The startup sector is not about affordability but about changing mindsets and the ability of unlearning what one has learnt in the past. Startups are constantly upgrading technology and I wonder how many of the laid off employees from the tech sector can be employed here,” Gogia said.

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Analyst:

Sanchit Vir Gogia: Sanchit is the Chief Futurist, Founder & CEO of Greyhound Knowledge Group, a Global Strategy & Transformation Research, Advisory & Consulting Group. He also serves as Chief Analyst & CEO of Greyhound Research, a Global, Award-Winning, Independent Technology & Innovation Research, Advisory & Consulting firm. To read more about him, click here.


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