Despite massive layoffs, 70% of young Indians still want to enter the tech industry

Despite massive layoffs, 70% of young Indians still want to enter the tech industry
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Even thousands of layoffs and uncertainty of jobs are not restricting India’s younger generation to aspire a career in the tech industry.  

According to a recent study by the IT and tech employee association NASSCOM and job search portal Indeed, over 70% of the younger generation — especially Gen Zs — are interested in taking up tech jobs in the future. 

And the cause of this growing trend, NASSCOM and Indeed say, is India’s young population. 

Compared to its neighboring countries, the South Asian nation’s population is surging. In fact, 52% of them are Gen Z and Millennials, higher than the global average of 47%. Additionally, 86 to 90% of India’s tech workforce comprises Gen Z or millennials.

With these generations’ new ideas and perspectives, NASSCOM SVP and Chief Strategy Officer Sangeeta Gupta said that it would be interesting to see how they would shape India’s future as the talent hub of the world.

Aside from entering the tech industry, NASSCOM and Indeed’s report also revealed that the younger generation is aspiring for a better work-life balance than the previous generations. 

“Gen Z workers prioritize a positive work-life balance. They seek work environments that are empathetic and diverse, offer learning opportunities, and align with their core values,” said Indeed Head of Sales Sashi Kumar. 

Moreover, thanks to the pandemic, 85% of younger employees and aspiring techies prefer complete work from the office or in a hybrid model. Very different from their parents who spent most of their professional lives in the office.

However, while job opportunities across the technological sphere continuously grow, some parts of the industry are now bending to economic pressures. 

Mass layoffs have left thousands of employees jobless; even big tech giants are baiting their breath for a possible recession.

So, what’s next? Will the uncertainty in jobs and the ongoing market conditions stop aspiring techies from entering the field? 

Read more here.

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