Hyderabad engineer says he's 'dead scared' to take loan amid IT layoffs

A Hyderabad software engineer said layoff fears have made him avoid taking a loan. His post prompted wider discussion on debt, job insecurity and stability.

In Short

• Hyderabad engineer fears loans amid IT layoffs.
• Tech job cuts fuel anxiety over debt.
• Layoffs reshape young professionals' money views.

A Hyderabad-based software engineer has sparked a conversation online after admitting that the fear of layoffs in the IT sector has made him too scared to take a loan. At a time when job cuts and hiring freezes continue to dominate the tech industry, his candid post resonated deeply with professionals across the country.

The engineer shared on social media that despite earning well, he no longer feels secure enough to commit to long-term debt such as home loans or hefty EMIs. The uncertainty surrounding the tech job market, he said, has created a constant sense of anxiety about the future.

His post quickly gained traction, with many users saying they felt exactly the same way. Several professionals revealed they had delayed plans to buy homes, cars, or make expensive investments because they feared losing their jobs unexpectedly. Others pointed out that the wave of layoffs across major IT and tech firms has quietly changed how young employees think about money and stability.

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Many users also spoke about the emotional pressure of working in an industry where high-paying jobs can suddenly disappear. While earlier generations often viewed loans as stepping stones towards financial growth, many young professionals today see them as burdens that could become dangerous in an unstable economy.

The discussion soon turned into a larger reflection on the changing reality of India’s corporate workforce. For many employees, the fear is no longer just about unemployment — it is about what happens if layoffs strike while they are tied to years of debt repayments.

The Hyderabad engineer’s post ultimately captured a growing mood among India’s tech workers: even decent salaries no longer guarantee a sense of security in an increasingly unpredictable job market.

- Ends