Google launches largest office in India https://www.entrepreneur.com/en-in/news-and-trends/google-la...
Microsoft India head says no layoffs in India https://timesofindia.indiatimes.com/technology/tech-news/mic...
That was inevitable the moment remote work caught on. Software engineers in rich countries were stupidly short-sighted to cheer on the remote work. If your work can be done from anywhere in the US, it can be done from anywhere in the world.
If you think timezones or knowledge of English will save you, Canada has much lower wages for SWEs and central/south America has enough SWEs with good English skills. They are also paid one third or one fourth of what SFBA jobs used to pay. No wonder all the new headcount I have seen since 2022 is abroad.
Remote work, high interest rates and (excuse of) AI coding agents has been the perfect storm which has screwed junior SWEs in the US.
Let's also not forget, India is a massive and growing market in its own right. Literally the 4th-largest economy in the world, soon to be 3rd. It's like China at the turn of the century.
But it is not a great place for these firms because disposable income is so low. For example, the US generates the most revenue per user for Google because it has a really high income. India is unlikely to make any significant part of tech firms revenue for a long time.
And it's been 25 years since the turn of the century. So I was approximately correct.
> There are lots of structural problems about the economy, and growth will likely be uneven and slower in the future.
It could be better than expected, or it could be worse. Predictions are hard, especially about the future.
> But it is not a great place for these firms because disposable income is so low
That matters for advertising revenue. A $30m contract for cloud services is still a $30m contract. And in any case, software is famously high-margin. Low revenue per user often isn't a problem if you have a lot of users. They're still profitable, just not wildly profitable.
> the US generates the most revenue per user for Google because it has a really high income
It's also saturated. The market demands growth.
Even though India will be relatively poor per-capita, in absolute terms it will be a bigger economy than Japan or Germany in the next 5 years (it's already bigger than one of them). Would any serious multinational company ignore the Japanese or German markets or deem them irrelevant to business?