IT Specialist with Capital of 95 Lakh Rupees and Gold Fears Job Loss Due to Market Uncertainty
Read more
Aaj Tak
www.aajtak.in

IT Specialist with Capital of 95 Lakh Rupees and Gold Fears Job Loss Due to Market Uncertainty

Despite significant capital, no debt, and passive income, many employees in the information technology sector are concerned about job stability. One 34-year-old IT specialist shared his worries, stemming from trends of company downsizing and the growing adoption of artificial intelligence (AI).

This specialist has 12 years of experience, about nine of which were dedicated to QA and automated testing. He currently works in the telecommunications sector and has experience using Postman Automation. He noted that for the last three years, he has been in a state of 'quiet quitting': he fulfills his work duties on time but does not exert extra effort to gain promotions, awards, or recognition.

He stated on social media that after completing his tasks, he is uninterested in taking on additional workload. Notably, although coding does not excite him, he easily handles technical problem-solving using AI-based tools. He developed two migration tools for a client using an AI assistant, which function successfully in the production environment. This experience prompted him to consider alternatives to full corporate employment, such as freelancing and automation consulting, exploring possibilities for self-employment with the help of AI.

According to his post, his liquid capital is approximately 95 lakh rupees. His investment portfolio is distributed roughly 55% in equities and 45% in debt instruments. He has no outstanding loans and lives with his parents. His monthly salary, including PF contributions, is estimated at about 1.45 lakh rupees. Additionally, he receives passive income from investments and other sources amounting to 35–40 thousand rupees monthly.

The family's monthly expenses amount to about 65–70 thousand rupees. The specialist's parents are also financially secure, receiving a monthly income of about 1.05 lakh rupees. Nevertheless, he is concerned about potential future increases in medical and healthcare expenses for his parents. The family also possesses about 700 grams of gold.

Despite high capital and no debts, the IT specialist is anxious about job instability. This concern is related not only to his current salary but also to doubts about the possibility of continuing his career in the corporate sector long-term. His story emerged amid active discussions about layoffs in the IT sector, the use of AI, and changing skill requirements. He did not report losing his job, but merely expressed concerns about possible future redundancies and his career path in the corporate environment.

Following his social media post, a discussion began regarding economic freedom and employment guarantees. Some users pointed out that the anxiety about job security with 12 years of experience reflects the current market situation. Others advised employees not to rely solely on one job but to prepare backup income options using their skills.

Similar stories

Former Microsoft engineer leaves company for AI startup, misses out on 1.5 million payout
Read more
www.aajtak.in

Former Microsoft engineer leaves company for AI startup, misses out on 1.5 million payout

Deciding to forgo a high-paying job for one's own business is a difficult step, especially when it turns out that staying a little longer could have brought in a significant sum of money after leaving. Atishay Jhin, a former software engineer at Microsoft, faced this situation. He left the company to create his AI startup, but shortly after his departure, Microsoft introduced a voluntary separation program that could have earned him around 1.5 million rupees.

Despite losing this amount, Atishay does not regret his decision. Previously, Atishay Jhin worked at both Microsoft and Nutanix. Last month, he left Microsoft to dedicate himself fully to his AI project, ScaleWorks AI.

Atishay shared in a LinkedIn post that he made the decision to leave too hastily, quitting a month earlier than planned. If he had stayed with the company for one more month, he could have received about 1.5 million rupees under Microsoft's voluntary separation offer. He noted that these 1.5 million rupees were offered in exchange for leaving the very job he had already decided to quit. Although the loss of this amount disappointed him, he emphasized that he does not regret his decision to leave the job.

Atishay also mentioned in his post that his startup, ScaleWorks AI, has achieved significant success in its first month after his departure. According to him, the startup officially became a member of the OpenAI partner network. Furthermore, he managed to get into the global freelancer network Toptal. Atishay believes that now, with the time freed from work, he can focus entirely on developing his startup, allowing him to work on his ideas faster.

In his post, Atishay questions whether he lost 1.5 million by leaving a month early or gained an extra month to pursue his dream. In his opinion, only time will provide the answer to this question. In conclusion, he asked to be asked about this decision in two years. His story serves as an example for those willing to take risks, leaving stable employment and guaranteed salary for their own venture. Nevertheless, startup success is not guaranteed, and such decisions always involve financial risks.

Friend's advice: Should you change jobs for a salary increase in Pune or stay in the city with lower expenses?
Read more
www.aajtak.in

Friend's advice: Should you change jobs for a salary increase in Pune or stay in the city with lower expenses?

When an offer for a high-paying job appears, most people view it as an opportunity for career growth. However, one social media post raised the question of whether an increase in income automatically improves the quality of life.

In this post, one software engineer shared his friend's situation. His friend earns 84 thousand rupees per month in a Tier-2 city. He received a job offer in Pune with a salary of 1.25 lakh rupees per month. Despite this, the friend advised against changing jobs immediately and suggested trying to get a raise in his current city.

A person named Jaideep shared this story on the platform X. He stated that his friend lives in a Tier-2 city and earns 84 thousand rupees monthly. Since he owns his own home there, he does not have to spend on rent. According to Jaideep, the standard of living in the current city is more economical: costs for food, groceries, and children's education are lower. Furthermore, he spends less time in traffic jams, allowing him to save more money each month.

In his post, Jaideep continued by explaining that if his friend accepts the job offer in Pune, living expenses will increase compared to the Tier-2 city. According to his estimates, renting a good two-bedroom apartment (2 BHK flat) could cost between 20 to 30 thousand rupees. Food and groceries might take 12–20 thousand rupees, while utilities like electricity, water, internet, and mobile communication would cost 3–5 thousand rupees. Additionally, transportation and fuel would require 5–10 thousand rupees, and entertainment outside the home and miscellaneous needs would range from 8 to 15 thousand rupees. Thus, the total additional monthly expenses could be approximately 50 to 80 thousand rupees, although actual costs depend on the area and lifestyle.

Jaideep emphasized that the decision to change jobs should not be based solely on the salary amount. Although moving to Pune with a salary of 1.25 lakh rupees will increase his friend's income by 41 thousand rupees, the rise in expenses in the new city might negate this increase. He also noted that if a raise of 15–20 thousand rupees is possible at his current company, the income can be increased without changing residence. In his words, before making a decision, one must calculate how much money will remain after deducting all expenses with the higher salary.

Social media users reacted to this post, sharing their opinions. Some agreed with Jaideep's view, noting the importance of considering both living expenses and savings when changing jobs. Other users asked questions about the necessity of also taking into account the better career opportunities and potential salary growth offered by Pune.

Software Engineer with 10 Years of Experience Worried About the Future Due to AI Development and Considers Farming
Read more
www.aajtak.in

Software Engineer with 10 Years of Experience Worried About the Future Due to AI Development and Considers Farming

The growing application of artificial intelligence (AI) has raised concerns among many technology industry specialists regarding their future employment. One software engineer with about ten years of experience also expressed his anxiety. He believes that due to the rapid progress of AI, opportunities for traditional jobs may decrease within the next five to ten years.

The situation caused such strong concern that this specialist began considering options to transition to agriculture or grow food independently.

This engineer published a post titled 'I'm tired' in the ClaudeCode community on Reddit. In his post, he noted that the pace of technological change has become so high that it is difficult for people to keep up. He suggested that the number of traditional jobs could significantly decrease in the next five to ten years.

Initially, he thought that AI would be able to write code, but complex tasks such as system design would still require qualified engineers and architects. However, his opinion changed after observing the growing capabilities of AI tools.

According to the engineer, AI is no longer limited to just writing code and is now capable of performing tasks similar to system design. He expressed concern about how the demand for human expertise will change if AI begins rapidly creating websites, developing games, and preparing software. Previously, he was confident in the need to maintain demand for experienced professionals, but changes in AI capabilities over the past year have forced him to reconsider his future.

This engineer's post raises questions about the fears arising among people due to AI, as well as concerns about employment. Nevertheless, one cannot conclude the disappearance of jobs within the next five to ten years based on the worries of one person. The increased use of AI may change the methods of performing certain tasks and affect the demand for specific roles. The real impact on employment will depend on how companies implement AI and what new skills will be required alongside the new technologies.

He is so worried about the impact of AI that he is considering quitting his job to engage in agriculture or grow food himself. Although he has not made a final decision about starting a farm, his publication indicates that in this era of rapid change, he has begun thinking about other career paths.

Popular