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India – About 25% of tech force faces existential crisis, experts say (The Hindu)

28 October 2020

About 25% of India’s five million tech force falls under the ‘bulging middle’, who are in the age bracket of 40-45. Close to 30% of this generation, which works between younger workers and top management, are perennial job seekers, reports The Hindu, citing industry experts. This means over 350,000 CVs of mid-to-senior professionals are floating around in the job market and a large portion of these professionals possess only ‘generic, commodity skills’. This generation therefore, faces an existential crisis as it finds it tough to align with the new realities, caution industry experts. Staffing firm Xpheno added that director-level openings at tech firms remain cold as employers are reworking the talent pyramid to fit into changing customer requirements. B.S. Murthy, CEO of Leadership Capital, an executive search firm in Bengaluru said the biggest casualty of the digital transformation are professionals above 45, with 80% of them out of sync with hardcore technology.