May be recess coming for Indian Skillperson?

May be recess coming in Indian companies because the US administration is adopted new hard rule for Indian IT companies. It is bad signal for Indian IT skillperson.Information technology companies, usually among the largest recruiters at B-school campuses, have slashed hiring this placement season due to factors such as US President Donald Trump's protectionist stance, muted growth numbers and increasing automation. IT recruitments have slumped 20-40 per cent in several tier-II — and even some tier-I — management schools this season. At Management Development Institute (MDI), Gurgaon, IT hiring fell 26 per cent; at Great Lakes Institute of Management (GLIM), Chennai, it dropped 30 per cent; and at Welingkar Institute of Management Development and Research, it's down 30-40 per cent. At one business school, InfosysBSE 0.59 % took on 13 people compared with 40 last year, while Dell hired three against five and WiproBSE -1.55 % recruited five compared with nine last time. The school official who provided the information didn't want the institution to be identified. "We are expecting at least 30 per cent less hiring in IT as compared with last year," said Saveeta Mohanty, associate dean for career advisory services at Xavier Institute of Managemen t, Bhubaneswar (XIMB). Last se ..
ET reported on January 17 that Infosys and TCS will hire more engineers from campuses in the US as they brace themselves for stringent visa norms under the new administration. Among Trump's top election pledges were restricting immigration and bringing jobs back home. At his inaugural speech, he said: "Protection will lead to great prosperity and strength... We will follow two simple rules: Buy American and hire American."