The big-tech hiring freeze is the new talk of the tech-market town with major IT companies rigorously cutting short expenditures, in view of the longstanding economic recession. Big-tech companies like Meta, Twitter, and Uber are laying off employees in large numbers to trim their payroll overheads. A few of the Big -techs have delayed onboarding for months after issuing the offer letters. When job aspirants of Infosys enquired the company authorities about the delay, Infosys responded by saying, "Please be informed that we are allocating DOJ based on our business requirement. We will send you a joining communication at least 2-3 weeks prior to your joining date", as reported by Business Times. However, for IT job aspirants, all hope is not lost yet. Amid the self-imposed freeze in hiring tech talent, big-tech companies are taking up minor as well as major IT recruitment drives. For example, Capgemini, a French Information Technology (IT) giant has announced that it would hire around 65,000 to 70,000 people in 2022, both freshers and lateral hires.
As per the latest Naukri JobSpeak index, the Indian IT sector witnessed a slowdown of 18% in the month of October compared to last year. At major companies like TCS, Infosys, Wipro, and HCL recruitment has come down by 50%. While it was 53,964 last year, it came down to 28,836 in the last quarter. Capgemini's count stood at 6,300 people in September, while it was 11,400 in the same quarter last year. "On net hiring, we are going to hire fewer people and it's normal. We have less attrition in India and in Q4, based on the resignation in Q3, it's going to come down quite a bit. We don't need to hire as many. We don't need to over-hire and start looking at operational optimization and utilization and it's an opportunity to tighten operationally," said Capgemini Chief Executive Officer (CEO) Aiman Ezzat.
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