Active IT job vacancies in India plummet 60% in January


Job market experts said tech companies are cautious about adding to their payrolls amid worries around a gloomy global macroeconomic outlook, fears of recession in the West, and demand concerns due to the ongoing uncertainty.

Anshuman Das, CEO of executive search firm Longhouse Consulting, said, “The slowdown in hiring activity in Indian tech companies is mostly cyclical than structural in nature due to fears of US recession, new project flow coming down, lowering of attrition, and wage inflation.”

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