Seven out of 10 IT companies are likely to increase headcount during January-March 2023, according to a survey shared exclusively with ET. Factors such as cost optimization and India’s stable geographic, economic and political base are contributing to firms looking to invest in the country and effectively manage their business continuity plans, the survey said.
A bunch of big multinational tech companies are setting up bases in cities like Pune, Kolkata and others, it said. “Given these trends, we expect a very promising first quarter of 2023 in terms of hiring numbers, especially in the technology sector,” Sanjai Shetty, director of professional search and selection and strategic account management at Randstad India, told ET.
Various reports have highlighted a significant slowdown in IT hiring in recent months due to fears of a global recession and layoffs announced by some of the biggest tech companies, including Google and Meta (Facebook). But the industry in India seems to be on the road to recovery. ET also reached out to leading IT companies. Executives from some firms, including Tech Mahindra and Mphasis, confirmed that hiring will continue and may even increase in 2023. Companies including TCS, Infosis and Wipro did not respond to ET’s emailed queries on Wednesday. “Overall hiring in the IT sector could turn out to be better in the coming year,” said Srikanth Karra, chief human resources officer, Mphasis. “At Mphasis, we see client demand for services related to digital transformation, cloud-based projects and data platforms. Roles likely to be in demand at Mphasis include fullstack developers, technology architects, infra experts and UI/UX designers. “We will continue to hire and nurture key skills including cloud, data analysts, digital engineers and IoT/mobile/5G skills,” Karra told ET in an emailed response.
IT services company Tech Mahindra is working to build future-ready talent in niche digital skills such as artificial intelligence, IoT, KSDS (customer experience), deep technology and space technology, among others, its global chief people officer Harshvendra Soin said is ET.
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