Raveen Vijayan

My room mate lost his job 3 weeks ago.
He was working as a trainee software tester in a MNC in Technopark, Trivandrum .It was expected that they will absorb him along with 6 six other people joined with him. He got the job through a IT finishing school exclusively for software testing. They are supposed to provide placements as well as placement assistance for the students. They will teach the students the various software testing methodologies and tools and will arrange industry internship in various software companies. They might be charging money for each trainee from the software firms. So this could be the revenue model for these kind of finishing schools. The software companies might also benefit , because they don’t have to worry more about the employee privileges since they trainees can be fired at any time without any questions. My friend was also getting a meager salary from the parent institution.

The trainees are told that the contract is valid for more than 6 months. During this period, they should not try for another job. But suddenly things turned upside down. The company had asked them to leave their position within one week.

Then comes recession:

The recent collapse of US financial giants – Lehman brothers and AIG (AIG recoverd after Federal reserve bank of US helped it to resove the crisis by acquiring around 80% stake) has hit the IT industry badly. These scenarios could lead the industry to another possible slowdown. The job market is also dull.
Thus my friend is worried about a comeback. He is now losing confidence of getting a better paying job.