The global on-demand service for telecom firms, Field Engineer, may prove to be rescuer for engineers in the country that may lose jobs owing to the strong consolidation boost amongst telecom operators in India. The telecom industry had cut off 10,000 jobs in 2016 and the current stress will additionally lead to cutting off 30,000–40,000 jobs more in 2017.
The New York based company is offering its platform for people to link with businesses that system integrators, telecom companies, and re-sellers across the world. This will help pick up on-demand projects. Enterprises can utilize the platform to post need for fixed, hourly, special, and recurring projects.
“Field Engineer was established due to the new gig economy approval in the world. Everyone is seeking work, which is not essentially full time. In our country, layoffs are anticipated owing to the current consolidation. People will be seeking for work and they will get a platform to go with,” CEO of Field Engineer, Malik Zakaria, said to the media in an interview.
With a majority of firms cutting of the jobs, the Indian population has come to worry. And to add more to this worry, here is one more sad news for the citizens. He stated that the country’s telecom market is greatly loaded with tariff and the total bank loan of telecom industry stands at Rs 2.8 Lakh Crore. He recommended that the Government of India should think offering a 3-year freeze on augmented Goods and Services Tax (GST), which is planned for introduction from July 1, 2017.
“In 2015, elevated prices of 900 Mhz spectrum led to nothing but in financial pressure. Hyper-competitiveness in telecom industry that commenced in September 2016 led to ‘free of cost plan’ wars,” he claimed. Over the last few days, CARE, Fitch, Moody’s, and ICRA have all lowered the ratings of the firm’s bonds due to its obligations in debts, and the opposition it experiences in the Indian telecom market.
In February 2017, Aircel, the cellular services giant, allegedly gave pink slips to 700 to its workers—almost 10% of its pan-India employee strength—in its initial stage of manpower downscaling in the middle of a huge wave of joint venture that is going to overcome telecommunication sector of India. Aircel has almost 8,000 workers in India.