Tech Job Crisis India: Noida IT Engineer Turns Rapido Rider

A video that recently went viral in Noida has raised new concerns. It is about the current decline of the tech industry. Also, the rising economic struggles of young employees added to the scrutiny for new business updates. This situation is unique in its equivalent to all of the economic hardships presently existing in India’s work force.

Engineer Forced to Work as Rapido Driver to Maintain EMI Payments

In noida, an engineer who previously worked for an Information Technology company (IT) has reportedly been out of work for two months. He is now taking a part-time job as a driver for Rapido in order to make ends meet and pay the EMIs on his house loan. This information was made available via a video posted on Instagram by social media influencer Nomadic Teju. It was in Instagram video, filmed at Gaur City in Greater Noida. Nomanic Teju recounts the details of the circumstances that lead to his friend’s current financial difficulties. This was after he chose to leave his job for better opportunities.

According to the video, an apartment in Gaur City can cost anywhere between ₹1 crore and ₹2 crore. While a monthly rental cost ranges from ₹30,000 to ₹35,000. The engineer, previously a resident of one of these luxurious apartments, after being out of work for about six months, had to rent another apartment to be able to afford his rent.

The slowing trend in the technology recruitment pipeline has affected the way in which he must obtain funding to pay off his home EMIs and general household expenses. To make payments on his mortgage and other living expenses, he has been forced to find alternative work through part-time ride-hailing jobs or other short-term freelance projects. In addition, the rise of artificial intelligence (AI) and the ensuing hiring freeze in the tech industry have only compounded his situation.

AI Disruption & Hiring Freeze Worsen Crisis

The rapid growth of AI and the emergence of automated solutions are causing many traditional technology jobs to either be replaced by robots or outsourced overseas. Many users responding to the viral video expressed concern. They mentioned the conditions will continue to deteriorate as companies change the types of roles offered through technology. As a result, hundreds of thousands of people have already lost their jobs. People are now more at risk of being laid off due to shrinking demand for IT workers. It is particularly mid-level IT professionals.

As one user noted, “It’s just beginning.” While many workers have begun to see layoffs. Others will continue to see layoffs or increased job loss in the future. A user said, “Put simply, this is going to get worse in India. For anyone who has the opportunity to go abroad to work, please do not delay unless you have a solid plan.”

Many internet users are voicing their concerns. They are talking about the increased risk of unemployment, economic insecurity, and job instability in India’s technology sector. It is due to the comments made under the viral video. Many people felt sympathy for the engineer. It is because they’re aware that even if you’re skilled, you are still facing difficulty in finding stable employment.

Current warnings about declining job offices are leading to an increased awareness among the young workforce. It is about how difficult it has become to obtain a secure financial position due to an increasing pace of change through technology.

A Look at India’s Changing Employment Strategies

The experience itself demonstrates that technology employees continue to struggle through the rapid shift occurring within their industry. This is from the impacts of artificial intelligence, systems automation, and the overall impacts of global economic volatility. As companies cut back on the budget for hiring, there is an increased competition for fewer positions. It is forcing people to seek additional income streams to maintain their personal financial stability.

As employment trends move toward the forefront of the latest news on business, these kinds of stories show that India, as a developing economy in the response to digital transformation, requires sufficient investment in education and skills development. Those who are willing to invest in reskilling, financial planning, and creating a secure financial future will benefit as new digital opportunities become available.