The year 2024 may become challenging for IT hiring, big companies may shy away from campus selection.
The next year i.e. 2024 may prove to be challenging for the information and technology sector i.e. IT sector in the country. Some big IT companies may keep themselves away from IT hirings through campus selection next year. According to Mint news, due to the ongoing slowdown across the world, Indian companies have currently put their hiring plans on hold. It is believed that the year 2024 could be the worst year ever in terms of IT companies hiring.
Headcount growth rate expected to be only 2.4 percent
According to the news, the headcount growth rate in India’s IT sector is likely to increase at a pace of only 2.4 percent in this financial year. This may be seen for the first time after the Covid-19 pandemic. Talking about manpower growth in the IT sector, it was 20 percent in the year 2022 as compared to the year 2021, which is not expected to be anywhere near this this year.
There will be very few recruitments
India and the world’s leading IT companies Infosys and Wipro, which together hired 2,08,000 engineering graduates in the last three years, have said that they have no intention of visiting the campus at all this year. Are. However, their competing companies TCS and HCL have said that they will recruit (IT companies hiring) from the college.
Even industry experts believe that even if there is recruitment, its numbers will be very less. Low demand in the IT sector has created such a situation. It is being said that this will be the lowest in a decade when companies will do the least number of hiring (IT companies hiring).
