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Fat tech pay cheques shedup to 40% as slowdown bites

Salary offers for IT professionals have dropped 30-40% due to global macroeconomic headwinds and IT sector slowdown. Big tech companies rationalized their workforce, leading to lower pay packets. Early-stage startups are hiring CXOs and senior tech talent at realistic salaries, including variables in the compensation. Michael Page India is helping startups, including an edtech firm, with tech hiring. ....

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Share of IT Sector in Overall Corporate Profits Hit a Five-Year Low in March Quarter: Report

The signs of a slowdown were visible as the sector is grappling with a global slowdown and banking crisis. ....

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