Layoffs at global tech giants such as Meta, Microsoft and Google will not impact the projects these companies are executing for their Indian telecom clients, according to staffing firms.
These tech companies still have sufficient manpower to serve their main telecom clients, they said, adding that Indian telcos Reliance Jio, Bharti Airtel and Vodafone Idea (Vi) have been hiring engineers and software and application developers in droves over the last two years for their 5G services rollout, which should more than offset any potential impact from the layoffs.
“Regardless of team size, most tech companies will honour contracts and, hence, workflow/support to telcos won’t be affected,” Sachin Alug, chief executive of staffing firm NLB Services, told ET.
Alug said he expects the hiring of specialists and experienced professionals in the telecom sector to increase in the coming quarters, since the telcos have already acquired 5G spectrum and they would want to go into the market with new services and offerings around 5G.
Also, hiring and skilling of the workforce in technical profiles has helped Indian telcos save up to 30% on vendor cost. These profiles include developers, embedded engineers (those who have expertise across two or more areas of engineering), data scientists, data analysts and security experts.
Munira Loliwala, business head at staffing firm TeamLease, said, “There are two things at play. One, the telcos have already built a workforce to cater to their tech needs, cutting down vendor co ..