Top IT services firm hit the pause button on hiring amid weak earnings

After a period of whirlwind expansion since the outbreak of the Coronavirus pandemic, Indian IT services companies are now hitting the pause button. This comes at a time when five of the ten largest firms recorded a sequential decline in the sales and support staff in the September quarter, as they let go of non-revenue generating employees, thereby putting an unofficial hiring freeze.

According to a report published in LiveMint, the fourth and fifth largest IT services firm- Wipro and Tech Mahindra Ltd, reported a significant decline in the number of their sales, support staff, and software engineers, respectively, in the quarter that ended September.