Active IT job vacancies in India plummet 60% in January

The number of active job vacancies in India’s information technology sector plummeted by a record 60% year on year this month, data collated from LinkedIn and other popular job boards show.

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.

The tech sector, collective of services, products and internet-enabled startups, put out 112,000 active jobs this month, a massive slump from 273,000 open jobs in January 2022 ago and lower than last month’s 124,000 active jobs, shows the data put together for ET by specialist staffing firm Xpheno.