Nearly 6% of contract workers lost jobs in March quarter in India’s IT sector, says recruitment body

Nearly six percent of outsourced contract workers lost jobs in India’s information technology sector in the January-March period compared to the previous quarter following the impact of the global slowdown and Russia-Ukraine war, a recruitment body said.

The Indian Staffing Federation, a body of 120 recruitment agencies which provided about 60,000 outsourced workers, said nearly 6% or about 3,600 of these workers lost jobs in the March quarter.

India’s IT sector employed nearly 5.1 million workers in the year ending March 2022, according to government estimates, and companies have fired thousands of contract employees while holding on to hiring.