Data Drive: IT hiring cools | The Financial Express

Data Drive: IT hiring cools

In the past few quarters, companies created a bench, and will now look to increase the utilisation of resources.

Data Drive: IT hiring cools
The incremental headcount addition was the lowest in seven quarters. (IE)

Hiring activity has slowed down in the information technology industry as the world’s largest economies are likely to fall into recession.

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Total headcount addition across the top-four Indian IT companies—TCS, Infosys, Wipro and HCL Technologies—declined 45%, to 28,836, sequentially in the three months to September this year. The incremental headcount addition was the lowest in seven quarters.

In the past few quarters, companies created a bench, and will now look to increase the utilisation of resources.

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First published on: 04-11-2022 at 04:30 IST