Are You Competent Enough To Survive In Your Job?

As per the study result by McKinsey & Company, Indian IT will face major turbulence. 

The article in Business Standards mentions the quote from Head Hunters India Founder-Chairman and MD K Lakshmikanth told PTI, analysing a report submitted by McKinsey & Company at the Nasscom India Leadership Forum on February 17.  "Contrary to media reports of 56,000 IT professionals to lose jobs this year, the actual job cuts will be between 1.75 lakh and 2 lakh per year in next three years, due to under- preparedness in adapting to newer technologies," 

McKinsey & Company report had said nearly half of the workforce in the IT services firms will be "irrelevant" over the next 3-4 years.


McKinsey India Managing Director Noshir Kaka had also said the bigger challenge ahead for the industry will be to retrain 50-60 per cent of the workforce as there will be a significant shift in technologies. The industry employs 3.9 million people and the majority of them have to be retrained. 

The article mentions that IT job cuts are estimated up to 600,000 engineers likely to be laid off in next 3 years.

(http://www.business-standard.com/article/companies/it-sector-to-layoff-up-to-2-lakh-engineers-annually-for-next-3-years-117051400487_1.html )


In addition, The Economic Times quotes India-born former McKinsey head Rajat Gupta, "The Indian IT industry "rightly" should be in "panic" mode as it has not kept pace with the fast-changing innovation"


He said industries today "have to constantly move with innovation" as basic IT work gets automated and advanced innovations such as artificial intelligence, virtual reality and cloud computing overtake the technological world.  


"Code writing and testing is the most inefficient industry that existed," he said at a panel discussion here yesterday organised by the New York Tri-State chapter of Pratham USA, one of the largest non-governmental organisations.  
(http://economictimes.indiatimes.com/articleshow/58729949.cms?)

If you are not trained or skilled or certified for future role, you will be the first one to face the axe. You must do more than it is required in the current job. 
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Considering these news and projected change...it is obvious that having job or getting new job is not enough in such turbulence as you need additional resources, additional preparations (knowledge and skill) and backup measures to sail through this…This can happen to anyone in any country as job market, industry or company policies changes and we will not know when our role becomes redundant.