Rajeev Chandrasekhar – Big Tech treats employees crummy and not nice: Junior IT Minister

New Delhi:

The trend of multibillion-dollar tech companies announcing mass layoffs earned Junior IT Minister Rajeev Chandrasekhar disapproval on Wednesday as he urged Indians laid off from Google, Facebook and Microsoft to come back and join companies. companies like Tata Consultancy Services (TCS).

“The so-called big tech companies treating their employees and treating their workforce in a really pretty shabby way obviously doesn’t sit well with any of us,” Chandrasekhar told NDTV.

“Our whole tech economy is growing so fast…we are constrained by the availability of talent. The startup ecosystem is looking for world-class talent,” he said.

“I think there is a growing realization that India is the place to be for the next few years as a digital economy and the opportunities, the economy is growing, and you You don’t necessarily have to make the long trip to Silicon Valley,” Mr Chandrasekhar said.

The minister said he had not spoken to the companies because most of them were based in the United States, but had “reached out to those who are going through a difficult time”. “I will certainly give whatever help I can to make this little trip back and resettlement here possible,” he said.

Mr Chandrasekhar said India’s digital economy was “the fastest growing digital economy in the world” and there was “huge room for growth”.

“Prime Minister Modi’s policies have made it very, very clear that opportunities are opening up in very diverse fields for young people who either want to work in a particular field or start their own businesses and franchises and create their own startups in those areas, ranging from semiconductors to drones to space,” he said.

“Those who are in the United States and who are Indian, I tell them to come back here to India and create ideas that will be deployable in the world … come back to India and work for TCS if you have difficulties with Silicon Valley with big tech,” the minister said.

Mr Chandrasekhar’s comments come as big tech companies and Wall Street titans lead a series of layoffs at American companies as companies try to rein in costs to ride out a global economic slowdown.

Rapidly rising interest rates and weak consumer demand have forced companies such as Amazon, Walt Disney, Facebook-owner Meta, and U.S. banks to cut staff.

As the demand boom caused by the pandemic fades rapidly, tech companies laid off more than 150,000 workers in 2022, according to tracking site Layoffs.fyi, and more layoffs are expected as job growth grows. largest economies in the world begins to slow down