Anyways, Indian are lazy bunch atleast in India. The management in India is only puppet and do what their masters in west tell them to do. The risk taking capability and general appetite for innovation is very low.
Several years ago when I tried to hire 2 technical experts in Japan for the Japanese Labs of our 20 year old Silicon Valley company, both REFUSED on grounds that the values of US Companies are NOT compatible with Japanese culture. This, even though one of the two was at that time unemployed ! Perhaps it will take Indians a while to develop the same level of confidence in their own culture & worth, having been colonized by the UK for a long time.
@susan:rambo: Labor laws in India are antiquated. They were drafted in the early 1900s and nothing has changed till now. All the governments which come and go talk about changing the labor laws but nothing has ever changed. Maybe a few more decades to go and then perhaps we might see some changeor maybe not.
@_hm: Nobody said Indian employees dont move from one company to another.. wouldnt you or anyone else move if the work is appealing to them or the compensation more attractive? When they get into larger companies, say like TI or Intel or IBM or Indian companies like TCS, Infosys or Wipro, they do not think of moving immediately I guess. It is more like a comfort zone. I got a few friends in Wipro and they have been there for years and the issue they have is there is nowhere else to go with their skillsets and they are well looked after too.
I am just a reporter - I merely report whats going on.
Personally I know downsizing has to happen - not just in private sector but also in the public sector in India but there is a way to go about it. And, I am sure they will get jobs somewhere else but it still is a shocker to them. There was a comment earlier about call coming through and the employee is told to leave.. that is even more sad... whether it is in America or EU or Australia it is a sad thing that when the companies ask their employees to leave rather than the employee giving notice and leaving. I dont think anyone here just quits without prior notice except perhaps our car drivers who are known for jumping from one job to another.
@wave.forest: Yes, even 30 years ago IBM faced a similar problem when they shifted from mainframe to PC and am sure they find another domain to latch on to and bounce back. And, the Indian workforce too is resilient and will bounce back - it is just a matter of time. Lay-offs are not that many in India, or rather they were not too many.
Hello @stippu. Yes, I understand the mentality of working hard and expecting the company to take care of you. I was one of those before I was laid off too. The US used to have the same mentality of working for your entire career at one company. This has only changed in the past generation. I guess it is also changing in India as well as the rest of the world.
As we unveil EE Times’ 2015 Silicon 60 list, journalist & Silicon 60 researcher Peter Clarke hosts a conversation on startups in the electronics industry. Panelists Dan Armbrust (investment firm Silicon Catalyst), Andrew Kau (venture capital firm Walden International), and Stan Boland (successful serial entrepreneur, former CEO of Neul, Icera) join in the live debate.