BENGALURU/NEW DELHI: Job losses bobbing up out of consolidation within the telecom sector are likely to prolong over the next year, with a spread of positions across classes likely to be affected, placement companies mentioned. However, the prospects for the ones laid off are not completely bleak: choice jobs are available, although applicants will have to upgrade their skills and accept decrease salaries.
As Reliance Communications shuts the majority of its wi-fi business and the Tata Group sells its cell business to Bharti Airtel, the awl will fall on an average of 20,000 to 30,000 jobs over the next 12 months, in step with estimates by means of the heads of companies together with TeamLease Services, Manpower Group Services, ABC Consultants, Randstad India and Korn Ferry.
Those operating in infrastructure and networking engineering, sales and distribution, telecom engineering, HR and finance, call centre and other toughen functions will probably be in hassle, mavens mentioned. "The sector is burdened with an enormous debt — close to Rs 8 lakh crore — and is operating under tremendous pressure after the entry of Reliance Jio with its free-to-dirt cheap-tariff offers," mentioned Rituparna Chakraborty, co-founder of TeamLease Services.
"Now there's a bloodbath amid the consolidation and cost-cutting. Mid to senior managers will be most vulnerable, especially on the technical side," mentioned Vivek Mehta, head of the telecom, technology and training observe for ABC Consultants.
Most of the job losses will probably be within the telecom infrastructure house and frontline sales and distribution, mentioned Gaurav Burman, principal- world technology, Korn Ferry India. "The industry is looking at moving towards software-defined networks and infrastructure as a service, and most importantly in the user experience space."
Jobs in data access, tele-calling, ground sales, with annual salaries ranging from Rs 1.2 lakh to Rs 2.8 lakh, will change into obsolete. "The major impact will be on the mid and lower levels — mostly the support functions will face the heat," mentioned Chakraborty.
Most of the cuts will probably be within the technical and engineering side, which generally command monthly salaries between Rs 40,000 and a couple of lakhs, relying on seniority, mentioned AG Rao, workforce managing director at Manpower Group Services.
Randstad India CEO Paul Dupuis mentioned the ones in HR, accounting and finance can be expecting to peer job cuts, their roles turning into redundant due to automation. Many of the ones in shopper sales too can be expecting to be let cross as companies will need fewer feet in the street.
WHERE THE JOBS ARE
Experts mentioned telecom workers who're laid off over the next year or so can to find choice employment if they upgrade their skills and change into cognisant of new technologies within the house of person revel in, Internet of Things and synthetic intelligence.
Infrastructure and network managers can to find jobs in e-commerce and fintech companies where they will be capable of use their skills in data and analytics, mentioned Korn Ferry's Burman.
Jobs in person revel in at greater data technology companies can also be up for grabs for the mid and senior ranges, with anticipated annual salaries ranging from Rs 60 lakh to Rs 80 lakh. However, as recruiters will probably be inundated with CVs, the ones moving from telecom must be ready to take pay cuts, Burman mentioned.
Those within the technical verticals can have a look at getting reskilled in data technology to change into eligible for roles in checking out and analysis & development, mentioned Manpower's Rao.
The logistics, retail, e-commerce and FMCG sectors may be good options for the ones laid off in data access, sales and distribution and tele-calling. Those in accounting and finance can glance towards the banking, financial services and products and insurance coverage sector for employment, mentioned Randstad's Dupuis.
Within telecom itself, roles anticipated to be in demand include radio frequency engineer, system analyst, SAP consultant and embedded hardware developer, commanding annual salaries between Rs 2 lakh and Rs 6 lakh. This expansion may be attributed to the unfold of mobile phones services and products, mentioned Chakraborty.
Broadband and Internet carrier providers — together with ACP and Hathaway — will probably be a good possibility for the ones in network roles. "There are many technology and education-learning startups that are mushrooming, which may also be viable options for them," mentioned ABC's Mehta.
As Reliance Communications shuts the majority of its wi-fi business and the Tata Group sells its cell business to Bharti Airtel, the awl will fall on an average of 20,000 to 30,000 jobs over the next 12 months, in step with estimates by means of the heads of companies together with TeamLease Services, Manpower Group Services, ABC Consultants, Randstad India and Korn Ferry.
Those operating in infrastructure and networking engineering, sales and distribution, telecom engineering, HR and finance, call centre and other toughen functions will probably be in hassle, mavens mentioned. "The sector is burdened with an enormous debt — close to Rs 8 lakh crore — and is operating under tremendous pressure after the entry of Reliance Jio with its free-to-dirt cheap-tariff offers," mentioned Rituparna Chakraborty, co-founder of TeamLease Services.
"Now there's a bloodbath amid the consolidation and cost-cutting. Mid to senior managers will be most vulnerable, especially on the technical side," mentioned Vivek Mehta, head of the telecom, technology and training observe for ABC Consultants.
Most of the job losses will probably be within the telecom infrastructure house and frontline sales and distribution, mentioned Gaurav Burman, principal- world technology, Korn Ferry India. "The industry is looking at moving towards software-defined networks and infrastructure as a service, and most importantly in the user experience space."
Jobs in data access, tele-calling, ground sales, with annual salaries ranging from Rs 1.2 lakh to Rs 2.8 lakh, will change into obsolete. "The major impact will be on the mid and lower levels — mostly the support functions will face the heat," mentioned Chakraborty.
Most of the cuts will probably be within the technical and engineering side, which generally command monthly salaries between Rs 40,000 and a couple of lakhs, relying on seniority, mentioned AG Rao, workforce managing director at Manpower Group Services.
Randstad India CEO Paul Dupuis mentioned the ones in HR, accounting and finance can be expecting to peer job cuts, their roles turning into redundant due to automation. Many of the ones in shopper sales too can be expecting to be let cross as companies will need fewer feet in the street.
WHERE THE JOBS ARE
Experts mentioned telecom workers who're laid off over the next year or so can to find choice employment if they upgrade their skills and change into cognisant of new technologies within the house of person revel in, Internet of Things and synthetic intelligence.
Infrastructure and network managers can to find jobs in e-commerce and fintech companies where they will be capable of use their skills in data and analytics, mentioned Korn Ferry's Burman.
Jobs in person revel in at greater data technology companies can also be up for grabs for the mid and senior ranges, with anticipated annual salaries ranging from Rs 60 lakh to Rs 80 lakh. However, as recruiters will probably be inundated with CVs, the ones moving from telecom must be ready to take pay cuts, Burman mentioned.
Those within the technical verticals can have a look at getting reskilled in data technology to change into eligible for roles in checking out and analysis & development, mentioned Manpower's Rao.
The logistics, retail, e-commerce and FMCG sectors may be good options for the ones laid off in data access, sales and distribution and tele-calling. Those in accounting and finance can glance towards the banking, financial services and products and insurance coverage sector for employment, mentioned Randstad's Dupuis.
Within telecom itself, roles anticipated to be in demand include radio frequency engineer, system analyst, SAP consultant and embedded hardware developer, commanding annual salaries between Rs 2 lakh and Rs 6 lakh. This expansion may be attributed to the unfold of mobile phones services and products, mentioned Chakraborty.
Broadband and Internet carrier providers — together with ACP and Hathaway — will probably be a good possibility for the ones in network roles. "There are many technology and education-learning startups that are mushrooming, which may also be viable options for them," mentioned ABC's Mehta.
30,000 telecom employees may face axe
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Reviewed by Kailash
on
November 05, 2017
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