No industry for freshers: techies feel the heat as IT firms go on a hire-and-fire mode

Freshers in the IT sector stare at uncertainty as companies take hard measures.

Synopsis

From being chased with attractive salary offers to getting kicked out abruptly, IT graduates have seen it all in the last couple of years. With IT companies turning desperate to protect their bottom lines amid plateauing demand, freshers in industry are facing the short end of the stick.

In 2021, it was raining jobs for techies. Reeling from sky-high attrition and struggling to find enough people to fulfill the strong demand fuelled by rapid digital adoption amid the pandemic, Indian IT companies were trying every trick in the book to woo and retain talent. Long-term changes are needed to bridge the supply-demand gap, Wipro’s chief human resources officer Saurabh Govil had told analysts on an earnings conference call in October

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