Tech slowdown toll: 6 out of 10 companies hiring more gig workers

Gig jobs are eating into the permanent jobs pie of the IT sector. The result: the pace of hiring for permanent roles across IT firms is slowing down.

According to CIEL HR Services research shared exclusively with ET, permanent jobs have grown by less than 5% in 2023 vs 2022 while the number of gig workers has increased by 40%. Amid an uncertain business environment, engaging gig workers offers greater flexibility to these companies, as they can hire them on an as-needed basis without the commitments associated with permanent employees.

In 2023, six out of every 10 companies are hiring gig workers, compared with just two last year, according to CIEL research of more than 100 IT services providers.