Mutha Nagavamsi, a software engineer based in Hyderabad, has voiced his fears regarding job security in the IT industry, stating he is 'dead scared' to take a loan due to the current climate of layoffs. In a recent post on X, he compared the present situation to five years ago when software engineers enjoyed greater job stability. The past year has seen a significant wave of layoffs in the tech sector, driven by aggressive investments in artificial intelligence and automation. Many professionals echoed Nagavamsi's sentiments, expressing concerns about their financial futures and the unpredictability of IT jobs. As a result, individuals are increasingly hesitant to take on financial obligations, opting instead to cut expenses and save aggressively to prepare for potential job loss. Discussions in the comments section revealed that many are questioning the long-term viability of engineering as a career and are seeking advice on how to navigate this uncertain landscape. Suggestions included saving for six to eight months, moving back to hometowns to reduce living costs, and enhancing skills in AI-related fields.