Key Points
A result of these global macroeconomic factors, according to experts, is lower hiring and reduced pay, even in Indias elite institutions such as BITS Pilani and the various Indian Institutes of Technology (IITs) and the IIMs...
In an article published on the website of NASSCOM a non-governmental tech trade association and advocacy group Nanu Pany, founder and CEO of the Bhubaneswar-based CSM Tech, said that Indias IT companies Tata Consultancy Services (TCS), Infosys, and HCL Tech, have seen their employee numbers falling in July-September quarter last year as they reported lukewarm results...
One report estimates the headcount at TCS, Infosys, and HCL Tech nosediving by 50,000 in this fiscal as global challenges amplify for technology services after the Hamas-Israel conflict, the article, published last December, said.. Likewise, recruitment of new engineering graduates has also been poor..
According to experts, recruiters are demanding more skills from their potential candidates a survey by the networking platform LinkedIn last month showed that AI is prompting 94 percent of Indian companies to upskill their employees.. Arvind Jha, an alumnus of IIT Kharagpur and ex-senior vice-president of US-based tech company Newgen Software, believes there are four main reasons for the downturn in the job market...
Hardly any tech companies are coming for placements and those that do hire very few students, he said.. (Edited by Uttara Ramaswamy)..
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