TITA provides Guidelines to deal with Layoff Crisis in IT industry

Rational and realistic approach by all the stakeholders has a potential to contain the ill effects of layoffs and cost cutting measures by the IT industry globally. Telangana Information Technology Association (TITA) has submitted its piece of advice for the State government, employers and employees in order to find out a win-win solution for all the stakeholders.

A high level delegation from TITA attended a meeting convened by Department of Labor officials on Thursday. It was attended by senior officials of labor department, Ministry of IT,E&C, and Industry heads.

TITA Founder & Global President Sundeep Kumar Makthala said that the situation for employees was indeed distressful but this phase could be dealt with if proper measures are taken. While industry must have a rational approach towards cost cutting and laying off employees, the state government or labor department must ensure that ousted employees are accommodated in the state run IT programs, said Makthala.

He said that the IT industry is facing a distressful situation across the globe and it has impacted the local IT business in Telangana too. He advised the employees to hone their skills and up-grade to suit the current needs of the industry on the other hand.  “IT industry needs regular and constant up-gradation of its products, services and skilled labor hence employees also need to show that tendency to adapt the new methods and technology updates”, Makthala added.

TITA General Secretary Srilatha Chinthala said that IT industry in the global arena has entered into the entrepreneurship domain and young IT professionals are coming up with new and fascinating products through start-ups.  She said, “IT employees in Hyderabad have a great opportunity to work on their products and to ideate by virtue of the state government initiative T-Hub that promises to nurture the ideation of the professionals. She advised the employees to be a job creator instead of a job seeker.

She said that the collective efforts of state government, industry and employees would definitely contain the ill-effects of layoffs in the IT sector and would push the industry forward without disturbing the current projects.

TITA General Secretary Srilatha Chinthala, Global Spokesperson Venkata Vanam, Pradeep Nilgir, Organizing Secretary Vivek Boddam,  Kiran Jetty were present at the meet.