IT sector slowdown results in 30% decline in hiring of freshers: Report

The Information Technology (IT) sector has been witnessing a slowdown in recent times, not just in India but also globally. With mass layoffs occurring in major IT companies, there has been a dip in the hiring of freshers, a new report from Spectrum Talent Management shows.

A 30 per cent dip has been reported in the hiring of freshers as compared to the last two years, the report said. The sector has been grappling with several challenges such as the rise of automation and artificial intelligence, changing customer preferences, and many more. These challenges have resulted in a reduction in the demand for new talent, leading to a decrease in the number of jobs available for freshers.