IT-Jobs

The slow down in US had a cascading effect to EU as well.All the major contracts are undergoing tough scrutiny and no major purchase decision for new projects EU as well.

The Indian IT majors had felt the pinch in the process of venturing to EU markets .If you could notice the counter bid proposed by HCL against infosys is a clear indication that the tough competition started looming within the major IT vendors itslef.

Also the companies expected capture some new markets in EU.The global financial tremors has a clear indication that the EU markets were not an attractive option as they planned..

What will happen if this slow down persist?Are the IT companies try to tap the domestic companies or the countries like Middle east and other Asian Markets..

What will happen to the scale of recruitment this IT industry had been projecting all along?.It is a tough time sailing for IT majors.