Reading: COVID-19 Impacts on IT Industries
COVID-19 Impacts on IT Industries

A novel form of Coronavirus is currently rampaging around the planet. The Coronavirus called a COVID-19 outbreak has caused significant universal panic, with many people facing job uncertainty, fear of infection and of course, apprehend isolation. No one is entirely sure what will happen and for how long this outbreak will last but we can be sure that by the time it does our world will look very different. Though people have accepted this Pandemic and they are protecting themselves by isolating themselves and maintaining social distancing. Lockdown had brought a formidable change into the Worklife of IT professionals and IT Industry, leading to work from home.

Impact on tech industry:

Even though the pressure seems to be high on the unskilled or semi-skilled segment in terms of employment, the situation is not very optimistic on the skilled talent pool side either, as there is almost a complete freeze on hiring.

India churns out around 1.5 million engineering graduates every year, and in the current situation, their job prospects also look weak. The technology industry in the country employs around 4 million people directly, and is one of the biggest absorbs of the technical talent pool. Given this environment, the startup community is now hoping for some kind of stimulus package from the government, which would be real and meaningful. This is the broad sentiment expressed across the ecosystem.

However, for startups which have been conservative with their cash, the situation could be slightly better. According to a startup founder, “We have enough cash, which can last us for four months. If we are not growing, at least we will survive.”

There is a massive upside to all this self-isolation. compared to all other Industries IT Industries are not much affected by being self quarantined.

With the extensive growth in technology, it is not a big challenge for not even IT professionals but the other marketing industries too to maintain the quality of work and deliver the things and accomplish the goals.
Yes, there are some areas of challenges such as power cuts, lack of services, lack of appliances and resources that are needed to accomplish the task but people are managing the things firmly.

With the decision to be self-isolated also has changed the regular life-cycle of people, they are trying to find the best ways to spend their time with their family. People are more dedicatedly working for their profession. With the relaxation in the schedule, people are focusing on both work life as well as mental and physical health. People are spending their time on the things that make them feel relaxed and motivate them to work that helps in maintaining the professional as well as personal life.
The quarantine period is the best time to showcase your creativity, not on the bed, but on the home desk
So please stay safe, stay protected, take precautions and stay strong and positive.

Let’s connect with us, we also are in Home-office but still we are available for your questions.
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