IT Jobs Crisis

There have been more than 500,000 job cuts announced around the world since October, as tracked by Bloomberg

Learning solutions provider TeamLease EdTech on Thursday said a large number of Indian employers have expressed their intention to hire freshers in the first half of this calendar year. According to TeamLease EdTech's Career Outlook Report for January-June 2023, in spite of the global gloom, Indian employers' intent to hire freshers has marginally increased by 3 per cent to 62 per cent, as compared to July-December 2022, when it stood at 59 per cent. TeamLease EdTech surveyed 874 large, medium and small businesses between October-November 2022 for this report. The top three industries with the most robust intent to hire freshers are information technology (67 per cent), e-commerce & technology startups (52 per cent) and telecommunications (51 per cent). Amongst the Tier I cities, Bengaluru comes at the top with maximum openings for freshers at 75 per cent, closely followed by Mumbai (56 per cent) and Delhi (47 per cent). "Even in the face of a global muted sentiments around team .

Recruiters are foreseeing fewer layoffs in the first half of 2023, but information technology roles and those of senior professionals will be the most impacted within it, a survey said on Thursday. The survey of 1,400 recruiters and consultants by the job portal Naukri.com said only 4 per cent of respondents predicted layoffs and downsizing not to be the dominant hiring activity in their organisations. However, the survey of recruiters across ten sectors said that information technology roles will be witnessing the maximum impact of hiring corrections, while there will also be some impact in roles in the business development, marketing, human resources and operations fronts as well. "Recruiters foresee maximum layoffs for senior professionals, with 20 per cent of recruiters predicting the same. Freshers are expected to be least impacted by hiring corrections," the bi-annual survey by Naukri.com said. The survey said that around half of the recruiters expect high attrition rates of

Cautious spending, reduced debt burden, and opting for gig work can help

Infosys supports 'gig work' for employees but is against dual employment, has fired people who were moonlighting, CEO Salil Parekh said in a media interaction on Thursday

At least EPAM 100 employees, across testing, .Net, DevOps, and Java domains in both firms - EPAM Systems and EPAM Anywhere - have been asked to resign

With recession fears mounting-and inflation, the war in Ukraine and the lingering pandemic taking a toll-many tech companies are rethinking their staffing needs

Firms have to move from just scale to building a smaller, more specialised talent pool

Cognizant is also exercising tighter control over expenses through a number of measures, including a slower pace of hiring and reduced travel expenses

Every IT job in India creates other jobs, and revenue growth in allied or associated sectors