Key Points
Mumbai: India's white-collar jobs market recorded a 10% drop in open positions in March compared with a month ago, showed data compiled by staffing firm Xpheno from LinkedIn and other top job boards..
This comes at a time when global events and the shake-up in the banking, finance services and insurance sector (BFSI) have triggered caution in the tech cohorts of services, software products and internet-enabled startups...
The drop broke the sustained positive growth trajectory that was seen in the domestic job market since October, showed the data..
The other non-tech sectors, too, went into a huddle, with a marginal drop of 4% in active vacancies compared with February, as companies entered a wait-and-watch mode, data showed...
Economists and job market experts said the recent upheaval in the global banking sector will have a limited impact on local banks and financial services firms, though the tech and IT-enabled startups sector in India will continue with hiring moderation due to the global uncertainty and risk of recession...
