Monday, 7 August, 2023

IT Services Firms Project 40% Reduction in Recruitment for FY24

Major IT services companies in India are projecting a significant decrease of around 40% in their recruitment numbers for the fiscal year 2023-2024. This forecast is attributed to various factors such as automation, increased utilization of cloud technologies, and the changing nature of client demands. The industry is witnessing a shift in the skill sets required, leading to adjustments in recruitment strategies to align with evolving business dynamics.