Amid Layoffs, Freshers Hiring Worst Hit As Job Growth in Indian IT Sectors Dip 25%: Report

The hiring for senior professionals with more than 12 years of experience continues to dominate the hiring activity at the beginning of 2023, recording more than 20 per cent growth vs. last year.

Written by: India.com News Desk Edited by: Anurag Kumar

Updated: February 3, 2023, 11:29 AM IST

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https://www.india.com/business/amid-layoffs-freshers-hiring-worst-hit-as-job-growth-in-indian-it-sectors-dip-25-report-5881761/ Copy

Job growth in Indian IT sector slumps 25% amid layoffs

Layoff News: The Indian IT sector is going through a lean patch as the job market registered a dip of 25 per cent, said a naukri.com report. The report further highlights a decline in the intent for hiring talents across both large IT giants and unicorns, while trends across other IT startups remained stable as compared to last year. Freshers’ hiring has been impacted the most followed by mid-level hiring. While hiring across senior levels (greater than 12 years of experience) remained stable in IT, the report mentioned.

“As the year begins, Non-IT sectors hold the fort for hiring activity in India with insurance, oil and hospitality flying high. Interestingly, IT-linked metros, which were the main growth drivers last year, were overshadowed by emerging cities like Ahmedabad and Baroda,” said Pawan Goyal, Chief Business Officer, Naukri.com.

The hiring for senior professionals with more than 12 years of experience continues to dominate the hiring activity at the beginning of 2023, recording more than 20 per cent growth vs. last year.

In the New Year, the Indian job market continues to show resilience and stability, said the report.