ITeS Job Market Challenges for Tech Graduates

• The IT-enabled services industry may not provide the same opportunities for tech graduates.

• Upskilling and reskilling are solutions offered by government and industry players during the job crunch.

• Rapid advances in AI and a shrinking job market threaten the years of effort put into IT education.

• The need for skilled people in electronics and telecom hasn’t gone away, but with the right skills and dedication, graduates can still find their place.

• Tata Consultancy Services, Microsoft, IBM, Amazon Web Services, and Google have all laid off employees.

• The biggest firms aim to collectively hire 30% less this year than the last.

Job Market Saturation and AI Impact on IT Jobs

• The job market is saturated due to the AI boom.

• The slowdown in hiring is due to automation, global economic uncertainties, and trade wars.

• IT Minister of Karnataka, Priyank Kharge, proposed ‘Nipuna Karnataka’, a program to “upskill and reskill” members of the state’s workforce.

• Nagesh Singh, founder of the non-profit EduNet Foundation, suggests incentivizing more AI education and non-IT firms to spend more on leveraging AI.

ITeS Sector Hiring Trends is important topic for Civil service exam (WBCS).

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