CXO hiring unfazed by downturn in job market

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Key Points

While there has been some cooling-down in sectors such as consumer Internet and hiring by multinational tech firms, that has been offset by high demand from manufacturing, industrial and infrastructure companies, new-age sectors and life sciences and pharma...

Even hiring in technology sector - which has seen a sharp comedown overall - continues at senior levels, especially for niche skills in areas such as cloud, artificial intelligence and automation, as companies across sectors focus on digitising businesses..

IT services firms with strong global ambitions are still hiring as well.. "At any given point, good times or bad, there is a need for the right leadership," said Pallavi Kathuria, partner at executive search firm Egon Zehnder..

Even newer sectors such as EVs, solar and hydrogen are seeing good demand, so are life sciences, pharma and financial services," said Navnit Singh, chairman and regional managing director at Korn Ferry..

"We have a significant order backlog and a well-charted growth strategy for future 'Lakshya 2026' - L&T's five-year strategic plan - and are confident that there will be a requirement of talent across our businesses which operate in various sectors..

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