Tuesday, 8 August, 2023
Significant Drop Expected: IT Sector Hiring Could Decline by 1.5 Million
Major IT sector companies in India are projected to witness a substantial decrease in hiring, with a potential drop of around 1.5 million jobs. Factors such as automation, adoption of AI, and a focus on reskilling are attributed to this decline. The IT industry's changing dynamics and technological advancements are leading to a shift in employment patterns, prompting companies to emphasize upskilling to address the evolving job landscape.