Post Trump Win, eBay Sacks 100 From India Product Team
The volatility in the Indian IT industry seems to be the flavor of the season. Only a day after Donald Trump was elected president, US-ecommerce major eBay India has laid off 100 people from the technical support team in India, at the Bangalore campus.
While some may anticipate whether this is the first casualty of Trump’s win, eBay clearly termed it as global restructuring. The company said it is reducing overall technology workforce in Bangalore and shifting work to other global centers around the world.
As per official statement to NDTV, “eBay’s Bangalore Centre will now focus on eBay India-dedicated product and development work.” It has also been made clear that the Bengaluru team has the product and technology team, other than the analytics team, and that only the products team has been affected in the layoff.
With the changes in the eBay team, one can wonder of they are looking to close down the technical team, but those speculations can be put to rest. The statement mentioned, “With the reorganisation, some work was no longer being done here, so reductions had to take place. That doesn’t mean that we are closing the technology team in India, instead the remaining employees will focus on eBay India related development, and we will hire more people.” In terms of the number of people being affected by the latest move, the company has not actually released official numbers. However, some anonymous sources confirmed that there are roughly 350 employees in India, out of which 30%, or about 100 people will be given the ‘pink slip’.
Other big layoffs in 2016
The platonic shifts in manpower has been quiet the issue in the world of technology. It is not just eBay in India which is making the news for changes in it’s human resource base, mainly shedding them to size.
- Earlier this year Intel laid of 12,000 from it’s worldwide workforce, about 11% of the total volume of people working with them. The reason being attributed to these firings have been dramatic decline in PC Sales, and a change in the company with more targeted approach towards cloud computing, and Internet of Things (IoT). Looking at the numbers thus far, the company did meet it’s forecasted target of $13.2 billion in revenues, but it also was the 3rd quarter consecutively, when PC Sales had begun to shrink.
- In July, when Ericsson let go of it’s President and CEO Hans Vestberg, there was a huge cut in it’s employees, in addition to the 8,000 employees it let go off earlier in the year. Though no official confirmations regarding the exact number, but it is rumored to be between 3,000 to 4,000, and the move comes in line after they decided to cut back on the R&D budget, to fill in the 24% dip in net profits for the 2nd quarter. The reason attributed here is the cutting back on 4G equipment investments, and preparing for a 5G equipment powered future.
- Cisco managed to lay of 7% of it’s workforce, which comes to around 5,500 people being laid off it’s payrolls. The company has been known to make serious efforts to transit to a more software oriented business model, from the company’s traditionally hardware driven model. It is said that the company plans to invest the cost savings from the lay-offs into futuristic areas like IoT, security, next generation data centers, and cloud computing. Despite the large transition, the company managed a 3% year-on-year spike in it’s revenue, clocking in $48.7 billion for fiscal 2016.
All the above figures point to the fact that with futuristic technologies like higher-end security, IoT, machine learning, etc making their way to mainstream technology, all enterprises having a stake in these areas, are actually undergoing platonic shifts in talent management requirements. New skill sets are rising in demand, and only those having them will perhaps make the cut.
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