- Published on May 3, 2024
- In Deep Tech
Why Big Tech Layoffs are Good News for India
The average salary of developers in India is almost 2.5 times lesser than the world average, and almost five times lesser than the average developer salary in the US.
- By Sagar Sharma
Last month, a sweeping wave of layoffs hit major tech giants like Tesla, Google, and Apple, affecting over 20,000 employees. This comes amid a broader trend of job cuts in the industry that impacted more than 70,000 individuals throughout the year. There is no stopping.
Looks like big tech companies are on a layoff spree. Recently, Google fired its entire US-based Python team, which consisted of less than ten people. A few days back, it also terminated 200 employees from its ‘core team’ and transferred certain positions abroad, including India and Mexico.
Meanwhile, Microsoft also recently laid off 1,900 employees at Activision Blizzard and Xbox in January this year. AWS also cut several hundred employees recently. Meta also laid off several employees and expected to
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Sagar Sharma
A software engineer who loves to experiment with new-gen AI. He also happens to love testing hardware and sometimes they crash. While reviving his crashed system, you can find him reading literature, manga, or watering plants.
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