No Job, No Savings: IITian’s Tough Reality in the US

A 61-year-old Indian-origin software engineer in the United States is considering returning to India after nearly two years without a full-time job. Gautam Dev, an…

A 61-year-old Indian-origin software engineer in the United States is considering returning to India after nearly two years without a full-time job.

Gautam Dev, an IIT Kanpur alumnus based in Dallas, Texas, resigned from his software engineering job in September 2024 after being asked to relocate to another state to retain his position. He chose to remain in Dallas and look for another opportunity, but his job search has proved far more difficult than expected.

Dev told Business Insider that he had spent more than two decades in the IT industry and had previously experienced short gaps between jobs. In the past, however, he was usually able to find a new role within a few months.

This time, despite applying for several positions and attending multiple interviews, he has not received an offer.

Dev said he mainly searched for jobs through LinkedIn and also reached out to people in his professional network. According to him, many said their companies were not hiring, while some were hesitant to change jobs because of uncertainty in the market.

He believes his age may be working against him. He also feels that the long gap in his employment history has made it harder to get interview calls.

Another concern is the changing nature of the technology industry.

Dev said artificial intelligence is now taking over some tasks that software engineers once handled manually. While he has seen openings for AI-related roles, he does not have a strong background in the field and is unsure whether those jobs are suitable for him.

Turns to Gig Work

After months of unsuccessful job applications, Dev gradually shifted his focus from finding a full-time role to simply earning an income.

He briefly tried day trading, but the initial gains did not last. Earlier this year, he began taking up gig work through platforms such as Uber, DoorDash and Walmart Spark.

The income has been modest, but Dev said it at least gives him some financial support.

His options are limited, however, because he is unable to carry heavy items, which rules out certain types of delivery work.

Savings Run Out, Debt Builds Up

The prolonged unemployment has taken a serious toll on Dev’s finances.

His savings have been exhausted, while rent and other expenses continue to pile up. He has also accumulated credit card debt.

Dev said he would like to move to a cheaper apartment, but worries that landlords may ask for proof of employment and income.

He also feels that relocating would take time away from gig work, which is currently his only source of income.

In January, Dev started a GoFundMe campaign that raised more than $9,000. He said the entire amount went towards paying bills.

He admitted that asking others for financial help was difficult, though some people responded with kindness and generosity.

Considering a Return to India

For now, Dev plans to continue with gig work.

He will become eligible for Social Security benefits when he turns 62 in January 2027 and hopes the payments, combined with his gig earnings, will help ease his financial pressure.

Dev is also seriously considering returning to India, where he lived before moving to the US more than two decades ago. He later became a US citizen.

However, he said he is not planning to make the move immediately, as returning to India would require time and preparation.

“I never imagined I’d end up in this situation, but here I am,” he said.

A sharper headline option: “IIT Kanpur Alum Jobless for 2 Years in US, Survives on Gig Work and May Return to India”.

27 Replies to “No Job, No Savings: IITian’s Tough Reality in the US”

  1. sounds fake to me. At age 62 he is qualified for retirement benifits from govt. Thats more than enough as he probably have paid off house. If he has kids they must have been already settled

  2. Strange…that last line indicates that AI was used to write this NRI news…” sharper headline option: “IIT Kanpur Alum Jobless for 2 Years in US, Survives on Gig Work and May Return to India”.

  3. I checked his linkedin, unfortunately its a true story. Only way I feel is, when anyone encounters this situation, they must push hard, update cv, learn new technologies, ready to relocate and make yourself a desirable person to employer. 

  4. “resigned from his software engineering job in September 2024 after being asked to relocate to another state to retain his position”

    At 61?? I’d have moved and started enjoying new place and new phase of life 

    1. What if AI wasn’t at this speed he would have got job and his decision would have been correct. It is like wallstreet. Some times shit happens, he could have done some PMP certifications or atleast considered picking some state govt job at Austin, definitely he would have been hired, looks like this story is half baked. May be his mental ability went down not to demean after working so many years and age factor. If story is fully true, then it is a usecase for all

  5. I think there are a few important lessons we can take away from his story:

    1. Degrees and credentials alone don’t guarantee job security. Whether you’re an IIT or MIT graduate, what ultimately matters is whether your skills and experience align with what prospective employers need.
    2. A long career doesn’t automatically translate into financial security. After 20 years of working, he apparently wasn’t able to build the financial cushion he needed. This is particularly concerning given that Dallas, TX, generally has a lower cost of living than expensive states like California or New York. It’s a reminder that earning a paycheck for decades isn’t enough; saving, investing, and managing expenses matter just as much.
    3. We need to continuously adapt to a changing job market. In today’s economy, everyone should periodically assess their skills, stay current with industry trends, and invest in learning new technologies. Unfortunately, his story doesn’t mention his area of expertise or whether he made efforts to upskill and adapt to changing market demands. Without that context, it’s difficult to draw definitive conclusions from his experience.

    I have a friend who lost his job at 62 and spent a little over a year looking for another opportunity. During that time, he invested in learning AI technologies, eventually landed a remote position, and relocated accordingly.

    The takeaway is that we can’t control every market downturn or employment decision, but we can take steps to remain relevant, financially prepared, and flexible. Continuous learning, financial discipline, and adaptability aren’t optional anymore; they’re essential to navigating an increasingly unpredictable job market.

    1. May be he did his masters from IIT. In that case, you can’t assume his basics are strong. Again 20 years in the industry still don’t have enough reserves for few years means software may not be his core competancy. 

  6. There are lot of people in US they still respect IITians and consider for job. The other way is to take PMP kind of certification and I am sure he will get excellent position. I guess, he probably living single and waiting to get his social security and move to India. With the social security and RS conversion, will provide happy life in India with meeting near and dear, relatives, old friends etc his future will be glittering and happy in India. I guess it will be another 3 or four months before he claim his social security. Wish you all the best dear. 

  7. At 61 years age no corporate will be willing to hire that person because of high healthcare costs to the company and low productivity , while the law says to not discriminate.

    what about the Social Security benefits?

    if you can’t live comfortably in USA with just Social Security benefits then go to India and you get to live there much better with same social security benefits.

    fir myself if I have to die I will die in India and it’s cheaper to die in India than die there in USA

      1. Several large companies use self funded plans. i.e though health care providers offer the plan for the employess their role is limited to managing the plan and actual money spent comes from the company. Hence it is cheaper for the companies to have younger work force. 

      2. If a company has 100 employees, and all are youth with minimal health care requirements then health insurance company will charge less to those 100 employees collectively. But if there are lot of aged employees in that 100 employees in that company, then health insurance company would have to charge more because the usage of health services increases among those 100 employees due to their higher age factor related ailments.

        this is how all insurence companies work.

  8. Dallas has bad job market and it is over crowded market, if I were him happily move to CA area, he has cool latest tech stack as per Linkedin. He came from India, whether it is Dallas or Bay Area shouldn’t matter, pack up drive and enjoy the ride. 

  9. In America IIT means nothing and only in GA it is relevant point to discuss. Here(There) only Dollar matters. Few years back I met a lady Indian at Florida from LSE (London School of Ecnomics) who was struggling financially but I was not really impressed with the skills(and confidence) on the face of it. Life is about continuosly reinventing oneself till you throw in the towel to take recluse in retirement.The whole problem is that a human never like to retire which is the of life essence. To make such a difficult decision needs tremendous courage driven by spiritual awakening

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