The job growth for this sector is the highest in the cities of Mumbai and Delhi-NCR. Senior professionals with over 16 years of experience emerged as the most sought-after candidates for hiring in the sector. IT Jobs in India: Hiring in Indian IT Sector Declines 21% in December 2023, AI Jobs See 5% Growth, Says Report.
IT Sector Jobs: Data from Layoffs.fyi reveals that in 2022 alone, 1,64,709 employees were laid off by 1058 tech companies, with more than 2 lakh employees globally facing the same fate in 800 tech companies.
The Indian IT companies are likely to reduce net hiring of engineers by nearly half year on year in the next fiscal amidst rising caution among companies, reported the Economic Times. TeamLease, one of India s leading providers of human resource services in the organized segment, expects a 40 per cent dip on the FY24 employee addition vis-à-vis FY23 addition, based on the current outlook from companies. aaa
The hiring for senior professionals with more than 12 years of experience continues to dominate the hiring activity at the beginning of 2023, recording more than 20 per cent growth vs. last year. aaa