Reduced hiring

Indian IT majors, including TCS, Infosys, and HCL Technologies, have been impacted by the global economic slowdown, resulting in reduced hiring.

Tech hiring slumps

Tech companies globally are cutting costs and reducing hiring due to the post-COVID economy, leading to a significant fall in IT company hiring numbers in India.

TCS 

TCS experienced a 78% drop in hiring numbers for FY23, with the company adding only 22,600 employees compared to 1,03,000 in FY22.

Infosys and HCL

Infosys's hiring fell by 46% in FY23. HCL also saw a steep decline in hiring, with the company registering over a 57% drop in new additions. 

Tech spending slumps

Indian IT companies are struggling due to reduced technology spending in the US and Europe amid a global economic slowdown.

Moderate outlook

Indian IT firms are expected to have moderate hiring in the coming quarters. The companies might rely on already hired freshers.