Amid global recession fears, IT firms may go slow on hiring in 2023: Report

Hiring in the information technology (IT) sector in 2023 is likely to grow by only 10 per cent, almost half of the rise seen this year, according to a report in The Financial Express.

Fears of an impending global recession have forced the IT sector to go slow on hiring new employees. However, consultants in the human resources industry say that IT companies would go for replacement hiring as the attrition rate is expected to remain high.