K shaped salary growth in IT
While indian big 5 IT companies are postponing the hikes or laying off the employees, Meta is being being accused of hiring ppl with expertise in AI at whopping $100M joining bonus(around Rs800cr joining bonus)
Till almost 1 decade ago, IT was ticket to a stable middle class life. You start with atleast 3L/annum. Eventually getting promoted & Over the period of time not much difference between salaries.
But seems that, it is changing fast. If you are top 0.1% of the industry, you can command Rs.800cr. if you are 1% you can switch easily & can ask 2-3X hike. if you are top 10% you can still switch but can expect 30-40% hikes.
Rest 90% of IT ppl with average skills will end up struggling with mere 5% salary hikes, late promotions & struggling to manage budgets every month.
IT is no longer ticket to stable life & money is not guaranteed unless you are top 10%.
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IT is no longer ticket to stable life? Bro can you put some effort to be good?
Move with times. Adapt to new technologies.
This is like someone pulling carts yelling because someone invented cars.
Product vs Services