Coronavirus spread: IT services companies likely to go slow on hiring

Hiring of fresh engineering graduates from college campuses by IT services companies is likely to see a decline owing to uncertainties arising out of global spread of coronavirus.

According to experts in human resources (HR), even joining of new graduates is likely to be staggered as companies are expected to onboard staffers after gauging the demand scenario.

“We anticipate delay in joining dates for the freshers holding offer letters. Dishonouring letters of appointment may also happen if the user industries in the US and Europe continue to reel under the impact of the virus for the next eight weeks,” said Aditya Narayan Mishra, chief executive officer of staffing firm CIEL HR Services.

He said hiring of engineering graduates might fall by 20-30 per cent if the virus was not contained in the next few weeks.