Add to that, America’s growing protectionism movement - this all is making most offshore business models difficult.
Finally, our clients now want a higher degree of automation - look at all digital services they are buying, and that's a huge chunk of revenues now, less on-premise stuff, more cloud, less monolith application beasts and more micro-services, agile, attached to the business, etc.
All part of debt and default cycle 0% debt trap laid, interest rates will be spiked to 7 or 8 percent and all borrowers default. Hard landing of economy coming in 2 years time people just want to be better prepared time for 0% Islamic policy and sharia economy world wide to end this banking game.
First of all Automation is a big scam or a mask to hide their company status. Suddenly people who r super smart can't learn n upgrade themselves to these changes? when companies can take cost of an employee and hav no projects they r playing this automation card digitalization and so on to lay off..I know many people with all thee skills agile scrum masters and all looking desperatly for projects and. With all this skill sets being laid off . It's just commotion to cover up cost cuttings due to their lack of judgement n giving control to the too political people in the company to decide who they should lay off. Any people soon will witness wat is what .losing talent with lack of proper judgement n trusting ppl who make revenue for the company with tons of politics . These ppl the mangers at the higher level give the projects to their friends n keep the talented people idle and HR hand I. Hand with such managers.
Good luck to the politic management n automation digitalization .
Also, hiring at universities has slowed down quite a bit (at least here in India)...
Now, there is going to be a massive backlog of new grads and laid off people lining up for scarce jobs.