Salary Cut For IT Employees?? Economic Decline in Big Cloud Companies. Massive companies like Amazon Web Services (AWS), Microsoft Azure and Google Cloud `had a cut in their growth. There is a flop in the salary percentage of the workforce belongs to the Information Technology-IT due to this decrement in the growth of the above mentioned big companies. To know more details stay tuned with us.
Earlier the giant firms like Amazon, Google, and Microsoft Azure get the decrement in the economic growth due to the huge number of recruitment in these companies in the third quarter of the economic month after the long gab of recruitment because of the Covid-19 pandemic. The IT companies get the digital solutions from the cloud related companies, so fall in the economic rate of the cloud related companies will reduce the IT employee’s salary percentage.
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As per the official report, “If anything, there might be budget constraints in some verticals but not all, and we expect growth to be a little muted for the full year because of that. We also have to be aware that the Covid-19 pandemic pushed a lot of cloud migrations practically overnight and that pace is slowing down as enterprises rationalize their investments in anticipation of the ‘new normal’ becoming business as usual over the next couple of years”.
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