1 min read

IT companies like TCS, Infosys, and Wipro are expected to reduce their hiring by 30% in FY24, with ongoing delays in onboarding fresh graduates

Experts suggest that the $245-billion IT industry needs to trim its workforce to pay fresh graduates higher salaries, attracting top-notch students to the sector.

Despite the industry hiring significantly in 2021 and up to September-October 2022, companies are now planning to reduce fresher hiring due to a weak deal pipeline and recessionary fears in the US.

Onboarding delays have also affected thousands of graduates who have received job offers but face uncertainty about joining dates.

To make the IT sector more attractive to top talent, experts recommend reducing mid-level positions, increasing fresher salaries, and focusing on role-based promotions.

Leave a Reply