Hiring activity has slowed down in the information technology industry as the world’s largest economies are likely to fall into recession.
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Total headcount addition across the top-four Indian IT companies—TCS, Infosys, Wipro and HCL Technologies—declined 45%, to 28,836, sequentially in the three months to September this year. The incremental headcount addition was the lowest in seven quarters.
In the past few quarters, companies created a bench, and will now look to increase the utilisation of resources.
