Rounak Jain04 May 2023, 07:00
Indian IT companies have significantly slowed down the pace of hiring in FY23 as concerns of an economic recession clouded sentiments in their key markets, the US and Europe. These concerns resulted in a decline of 66% in hiring by Indian IT majors TCS, Infosys, HCL Tech and Wipro, with a net addition of just 82,679 employees in FY23, compared to 2.43 lakh employees they added in FY22.