The number of active job vacancies in India’s information technology sector plummeted by a record 60% year on year this month, data collated from LinkedIn and other popular job boards show. 就业市场专家说科技公司谨慎增加他们的就业在担忧全球宏观经济前景黯淡,市场对经济衰退的担忧,在西方,由于持续的不确定性和需求问题。 活动职位空缺的数量在印度的信息技术行业同比下降了创纪录的60%,本月LinkedIn和其他流行的招聘网站所整理的数据显示。
Job market experts said tech companies are cautious about adding to their payrolls amid worries around a gloomy global macroeconomic outlook, fears of recession in the West, and demand concerns due to the ongoing uncertainty.
The tech sector, collective of services, products and internet-enabled startups, put out 112,000 active jobs this month, a massive slump from 273,000 open jobs in January 2022 ago and lower than last month’s 124,000 active jobs, shows the data put together for ET by specialist staffing firm Xpheno.
This has also brought down the tech sector’s contribution to the overall active white-collar jobs in the country to a record low of 40%, down from its previous dominant position of 84% in January 2022.
“This is a major drop in action for the IT sector’s scale of talent demand,” said Anil Ethanur, cofounder of Xpheno. “The current quarter will be a critical wait-and-watch quarter,” he added.
Tech companies continue to grapple with a burgeoning bench size, project delays, slowdown in discretionary spending and high wage cost.
“Low levels of fresher utilisation and a ballooning bench are key areas of concern for many companies,” said Nitin Bhatt, technology sector leader at consulting firm EY.
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Also, longer decision cycles, project delays, reprioritisation of budgets, a slowdown in discretionary spending, and vendor consolidation are making demand forecasting and supply planning a challenge, he said. That apart, people costs remain high even as attrition has moderated to some extent. “All this is making companies adopt a cautious approach to hiring,” Bhatt said.
Tech companies had started slowing down hiring around April-May last year.
Experts said the local hiring pattern and the overall sentiment in the tech sector could be sensitive to the mass retrenchments at some of the big US-based tech majors over the last quarter.
Thousands of professionals at companies such as Google<\/a>, Alphabet, Amazon, Meta<\/a>, Twitter, and Microsoft<\/a> have been handed over the layoff notice in recent times.
“The confidence level of recruitment demand goes down with news of mass layoffs<\/a> abroad,” Ethanur of Xpheno said.
The IT services sector in India had its sharpest year-on-year drop of 50% in active jobs volume in January.
However, total active jobs count in the white collar jobs market – including technology and non-tech sectors – in January stood at 278,000, a marginal 2% increase from the previous month.
Anshuman Das, CEO of executive search firm Longhouse Consulting, said, “The slowdown in hiring activity in Indian tech companies is mostly cyclical than structural in nature due to fears of US recession, new project flow coming down, lowering of attrition, and wage inflation.”
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活动在印度职位空缺1月份下降60%
就业市场专家说科技公司谨慎增加他们的就业在担忧全球宏观经济前景黯淡,市场对经济衰退的担忧,在西方,由于持续的不确定性和需求问题。
科技部门、集体服务,产品和互联网创业公司,本月推出112000活跃的工作,一个巨大的衰退从273000年开放工作在2022年1月前,低于上月的124000活跃工作,显示了数据放在一起,供专业人力资源公司Xpheno等。
”这是一个重大行动下降IT行业的人才需求的规模,”阿尼尔Ethanur说,Xpheno的创始人。“本季度将是一个关键的等待并密切关注季度,”他补充道。
科技公司继续应对迅速发展的长椅上规模、项目延迟,可自由支配的支出放缓,高工资成本。
“低水平的新鲜的利用率和不断膨胀的长椅上为许多公司关注的重点领域,“Nitin Bhatt说,技术部门负责人咨询公司)等等。
决定周期较长,项目延迟,reprioritisation的预算,可自由支配的支出放缓,和供应商整合正在需求预测和供给计划的挑战,他说。分开,人成本居高不下,即使磨损在某种程度上已有所缓和。“这一切都是公司采取一种谨慎的做法,招聘,“Bhatt说。
科技公司已开始放缓招聘环比去年。
专家表示,当地招聘模式和高科技行业的整体情绪可能是敏感的大规模裁员的一些大在最后一个季度美国科技巨头。
成千上万的专业人士等公司谷歌字母,亚马逊,元推特,微软已移交最近裁员通知。
“招聘需求的信心水平下降与新闻的质量乐动扑克裁员在国外,“Ethanur Xpheno说。
印度的IT服务行业有其最活跃工作体积1月同比下降50%。
然而,积极的就业总数的白领就业市场,包括技术和非技术领域,站在278000年1月,边际较上月增长2%。
猎头公司的首席执行官Anshuman Das长咨询,说,“印度科技公司招聘活动放缓主要是周期性比结构本质上由于美国经济衰退的担忧,新项目向下流动,降低消耗战,和工资上涨。”
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The number of active job vacancies in India’s information technology sector plummeted by a record 60% year on year this month, data collated from LinkedIn and other popular job boards show.
Job market experts said tech companies are cautious about adding to their payrolls amid worries around a gloomy global macroeconomic outlook, fears of recession in the West, and demand concerns due to the ongoing uncertainty.
The tech sector, collective of services, products and internet-enabled startups, put out 112,000 active jobs this month, a massive slump from 273,000 open jobs in January 2022 ago and lower than last month’s 124,000 active jobs, shows the data put together for ET by specialist staffing firm Xpheno.
This has also brought down the tech sector’s contribution to the overall active white-collar jobs in the country to a record low of 40%, down from its previous dominant position of 84% in January 2022.
“This is a major drop in action for the IT sector’s scale of talent demand,” said Anil Ethanur, cofounder of Xpheno. “The current quarter will be a critical wait-and-watch quarter,” he added.
Tech companies continue to grapple with a burgeoning bench size, project delays, slowdown in discretionary spending and high wage cost.
“Low levels of fresher utilisation and a ballooning bench are key areas of concern for many companies,” said Nitin Bhatt, technology sector leader at consulting firm EY.
Also, longer decision cycles, project delays, reprioritisation of budgets, a slowdown in discretionary spending, and vendor consolidation are making demand forecasting and supply planning a challenge, he said. That apart, people costs remain high even as attrition has moderated to some extent. “All this is making companies adopt a cautious approach to hiring,” Bhatt said.
Tech companies had started slowing down hiring around April-May last year.
Experts said the local hiring pattern and the overall sentiment in the tech sector could be sensitive to the mass retrenchments at some of the big US-based tech majors over the last quarter.
Thousands of professionals at companies such as Google<\/a>, Alphabet, Amazon, Meta<\/a>, Twitter, and Microsoft<\/a> have been handed over the layoff notice in recent times.
“The confidence level of recruitment demand goes down with news of mass layoffs<\/a> abroad,” Ethanur of Xpheno said.
The IT services sector in India had its sharpest year-on-year drop of 50% in active jobs volume in January.
However, total active jobs count in the white collar jobs market – including technology and non-tech sectors – in January stood at 278,000, a marginal 2% increase from the previous month.
Anshuman Das, CEO of executive search firm Longhouse Consulting, said, “The slowdown in hiring activity in Indian tech companies is mostly cyclical than structural in nature due to fears of US recession, new project flow coming down, lowering of attrition, and wage inflation.”
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