| This article has a random sprinkling of numbers that really do not give you the big picture. Here is some context about the outsourcing industry in India. Good stats to know (assuming the media is right): 1. the entire IT outsourcing industry is ~$150 billion large and employs ~3.9 million people. 2. the top 7 largest IT companies employ ~1.3 million people 3. I cannot calculate the exact revenue of the top 7 companies because they are part of larger groups (e.g.: TCS, Wipro). But the Top IT companies headcount and revenue a) Infosys: ~200,000 employees ($10 billion revenue) b) Wipro: ~180,000 employees ($7.7 billion) c) TCS: ~390,000 employees ($17.5 billion) d) Capgemini: ~200,000 employees (I don't know) e) CTS: ~260,000 employees ($13.5 billion) f) Tech Mahindra: ~120,000 lakh employees ($4 billion) Stories like these come around routinely in the April-June timeframe (every year!) around appraisal time. This '56000' number is simply a random quote 5% of the entire workforce of the top 7 companies. I have seen different media outlets report the numbers as 28,000 this year to 200,000 in 3 years. Honestly, they don't know nor do I. FWIW, I run an outsourcing testing services firm in India. I am too small to feel market trends. However, I have been reading and talking and interviewing several candidates across India. I can tell you that the tension has been palpable for the last 8 months or so. Many senior folks are feeling a quiet sense of desperation. I don't know if the media sentiment started the tension or if the ground reality is indeed going to force layoffs of senior employees. |