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Career stagnation, layoffs pushing IT professionals to go in for multi-skilling

Source | The Economic Times : By RANJANI AYYAR

CHENNAI: The recent IT layoffs have spurred software professionals with three-eight years of experience towards having multiple skills in their kitty. E-learning companies such as Upgrad, Skillsoft and Simplilearn have seen a surge in the demand for their courses in specialised areas like analytics, product management.

Looking for a change in job roles, system engineers, developers and those in testing are looking at other avenues. “Professionals with management profiles are shifting to product management. We have doubled the number of batches to keep up with this demand,” said Mayank Kumar, co-founder, Upgrad.

Digital learning platform Skillsoft saw early bird applicants over five-six months ago. “Those with over five years of experience, i.e. mid-level executives and project managers, are taking up courses in UI/UX (user interface/experience), machine learning, artificial intelligence and micro service architecture. Cybersecurity is another sought-after course,” said Vinay Pradhan, CEO, Skillsoft.

At Simplilearn, the number of working professionals from key metros has grown by 43% in the last one year. The company has witnessed substantial growth between 2015 and 2016 in categories such as digital marketing (710%), data science (375%) and salesforce (261%).

“Professionals are not secure about their jobs anymore because of the recent layoffs. However, this environment is providing a big opportunity for lakhs of white-collared professionals to move out of their comfort zones and upskill themselves to remain employable. Automation and digital transformation has created an adapt-or-perish scenario. It’s an alarming reminder that re-skilling is the only way out to be relevant,” said Krishna Kumar, founder and CEO, Simplilearn.

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