End of Good Times for IT firms as Global Headwinds Force Hiring Freeze

[{"selector":"#anim-745d352c-f8dc-4849-a7fd-7e7502561038","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f0f9b039-f377-42e3-b752-4848594f6dc9","keyframes":{"transform":["translate3d(-106.99301%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0b47ac9e-f24c-4ce8-a20b-7de80f35cce2","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] Learn More

Impact of global headwinds is clearly seen — financial slowdown, excessive inflation.

[{"selector":"#anim-6d67b69f-edda-4f36-ac39-0cdc52e6aaa8","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ddee92c1-84f0-4448-9a4c-e2f9a579b004","keyframes":{"transform":["translate3d(-114.87342%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Demand pressures, postponement in new expertise spending are all gnawing on the IT sector directly.

[{"selector":"#anim-ae55c2cf-6d27-44eb-999c-a458b0f7decf","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b1d6759c-bd49-4bf1-91ef-2183b3696a8f","keyframes":{"transform":["translate3d(-113.60759%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

And these are greater than sufficient to offset positive factors from the depreciating rupee.

[{"selector":"#anim-0ed4fd2d-1d8f-44e5-a750-1f0dd715da90","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-cde86528-0ccf-4c2d-96bf-7c9d8fa38cd1","keyframes":{"transform":["translate3d(-121.47888%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Techies had been the good folks to rent.

[{"selector":"#anim-c91211fa-c080-4681-907c-0e3a4cc39ee0","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-538b6a55-35ea-4f0f-aa9f-65a017090f10","keyframes":{"transform":["translate3d(-122.53521%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Perhaps they nonetheless are at some locations but when we go by the winds within the corridors of IT firms.

[{"selector":"#anim-24d95a91-37c5-4700-b522-a5096a45b63f","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b92ea8b7-a0df-4631-9052-112b5a06992d","keyframes":{"transform":["translate3d(-122.53521%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

When Ashneer Grover was on the helm at BharatPe he shared this LinkedIn publish for hiring 100 folks of their tech staff.

[{"selector":"#anim-cd4b5d47-3434-49f7-bf8e-6d3f2e5e5dc8","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d807c31f-ce2c-4825-8189-dfd2b2214054","keyframes":{"transform":["translate3d(-121.47888%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

He says the ‘joining proposition is simply compelling’.

[{"selector":"#anim-51093321-e5c1-4fb8-b313-4d07b5acc68b","keyframes":{"opacity":[0,1]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d12c4f48-59cc-42b2-b4d3-9532f6267985","keyframes":{"transform":["translate3d(-122.1831%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":600,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]