Tech hiring rebounds in May; overall job market still weak: Report

MUMBAI: Hiring across sectors declined in May, though the tech industry job market rebounded from the pandemic-induced downturn as many technology companies have been on full expansion mode, according to a report.

There was a 2 per cent decline in the overall number of new job posts in May on the SCIKEY Market Network, a job site, including in sectors like banking with a dip of 12 per cent, retail 16 per cent and FMCG 12 per cent, while there was a growth of 5 per cent in the insurance sector.

However, the data revealed that there was robust demand for jobs like software developer, DevOps, cloud and data engineer, which witnessed 12-16 per cent growth in May.