Tech trends and business ideas

All things that motivate entrepreneurs

Sunday, February 17, 2008

As IT begins to dim

A recession spares none. Here I read Indian IT vendors are likely to cut the onsite allowances of employees at clients’ offices abroad by 25 to 30 per cent from April 1, 2008.

I can see CEOs of many other Indian companies smile. Those needing Civil, Mechanical, Electrical, Automobiles, Chemical engineering talent were totally deprived since all roads led to IT in the past. The low margins of these businesses could’ve hardly afforded the lavish $$ denominated allowance structure offered by IT vendors.

Every dog has its day. But years of code writing sitting in a cube farm sure would've corrupted their acumen. Do you think they'll be competent enough…? Think of having to live in buildings built by bunch of ex bug fixers…? Hmmm.... Scary.


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