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Hi All,
I have joined Globant in June but did not get project and there are like many people similar to me who have not got project yet. is it safe . In GLobant. Though we are involved in some activities but all the project positions are on hold so can anyone suggest, i am really scared as i have family dependency and i am on bench.Globant
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I will take a go at this one. Right now I see a huge disconnect between the market, the media, and the actual business environment. Consulting typically leads the business environment- in other words, we see huge slow downs before the business environment moves into recession. We have not seen that yet. But anyone with a stock portfolio will tell you that they have taken a 3 month beating and lost considerable share. And yesterday’s announcement from Apple was the first reflection in the business environment that I have seen that would give any reason or concern beyond fear that we are “due for a recession”.
So my predictions... we are due for a recession but it probably won’t hit until early to mid 2020, this will start to impact our business in late 2019 to early 2020. I think there will be a fair amount of retrenching in 2020 (looking at where spend is actually driving value and course correcting), and I think there will be more market consolidation and loss of weaker companies.
I actually am bullish for consulting in 2019 although I think growth will start to slow late in the year. Just my two cents.
Great response