IT campus hiring tumbles to two-decade low

India’s famed software exporters will end this financial year having hired between 70,000 and 80,000 fresh engineers — the lowest intake in over two decades — for the storied $245-billion industry, which is battling sliding global demand for technology services in the post-pandemic era.
Staffing companies estimate that less than a tenth of the 1.5 million engineers expected to graduate from campuses this summer will find a job placement.