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Big Tech Layoffs 2023: How job cuts in Google, Twitter, Facebook will bring work to India – Explains GlobalLogic CEO Nitesh Banga

In an interview to PTI, GlobalLogic President and CEO Nitesh Banga has said that the company is looking to acquire talents in India and plans to grow its employee base by 25-35 per cent every year. He said India is not going to see much of a slowdown even as there are a lot of layoffs happening in the US.
Moreover, GlobalLogic CEO Nitesh Banga said that layoffs by Big Tech in the US are expected to bring a lot of work to India and the country’s IT sector is poised to gain significantly during the slowdown, a top official of the US-based firm GlobalLogic said.
“If GoogleTwitter or Facebook or any of these customers actually lay off people in the US, it’s not that they don’t need to build products. They still need to continue to do their work and I believe that a lot of that work will come to India, because they will still need the talent to keep doing the work, although they will look for cost efficiencies,” Banga said.
The Hitachi group IT company has close to 15,000 or approximately 50 per cent of its global employee base, in India.
“We hire close to 1,000 people a month. Out of that, 50 per cent is in India. So, we are hiring close to 500 people at any given point in time in India. Every year, the number will continue to go up by 25-35 per cent,” Banga said.
The company hires IT and IT-enabled service segment engineers with 2-3 years of experience and then upskills them to become digital engineers.

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