Reality of Tech Jobs in Product Based vs Service Based Companies - What’s Better during Layoffs 2024

If you are looking to join our Problem Solving platform & get personalized feedback: https://inquisitiveminds.ai/ ***** Tech Employees in general and IT Employees in particular often think about how to get into product based companies from service based companies. Now the obvious question is that given the context of Layoffs 2024, in which we have seen FAANG Companies laying off employees, is it a good decision to switch from service based company to product based company? In this video, I have done an unbiased analysis of product based vs service based companies and which are better for Tech Employees and IT Employees during layoffs 2024. Since we have seen Google Layoffs, Tesla layoffs, Meta Layoffs or Facebook Layoffs, Amazon Layoffs, and other layoffs within Product Based companies, the switch from service based company to product based company has become a bit risky. But at the same time TCS layoffs, Infosys layoffs, WIpro layoffs, and other IT Layoffs and Tech Layoffs 2024 news have made the IT Employees more anxious than before to switch from service based company to product based company. Before you figure out how to find product based company jobs, how to crack product based company interview, how to join product based company, and how to get into product based companies from service based companies, you first need to know the product based vs service based companies difference. The difference between product based company and service based company will help you understand which sort of company you should work at in the future. This video will also give you an idea about startup vs product based company or MNC vs product based company as well. In short, you will understand what Tech employees in general face in an IT Service company like TCS, WIpro, or Infosys compared to a FAANG Company. IT industry in India has changed a bit in the last few years however, many problems facing the work life balance in IT industry still remain. The reality of IT jobs in india is that you will face a two manager setup which increases pressure. On the other hand, the reality of FAANG jobs is that you will not have a lot of stress but layoffs 2024 do create a huge problem for FAANG employees. For Tech Employees or IT employees this video will give a clear idea about the product based vs service based companies and also if they should switch from service based company to product based company in 2024 depending on their needs. Hope you find this video valuable, see you in the next one. ***** About Me I publish meaningful and valuable content on this channel. My aim is to make business news more accessible and easy to grasp. If you find my videos informative and insightful then make sure to subscribe and leave a comment. I’ll see you in the next video ***** Chapters 0:00 - Intro 1:08 - Stress in Product & Service Companies 3:30 - Becoming a Manager 4:34 - Learning about Industry 5:52 - How to Crack Product Company Jobs 7:10 - Drawbacks in FAANG Jobs 9:16 - Outro