Top IT Companies Reduced Their Hiring Speed?? Here is the Reason!!

Top IT Companies Reduced Their Hiring Speed Here is the Reason!!
Top IT Companies Reduced Their Hiring Speed Here is the Reason!!

Leading Information Technology companies in the nation namely Tata Consulting Services-TCS, Hindustan Computers Limited-HCL, Accenture hiring very low number of the candidate for their companies in this fiscal year (Q1FY23) quarter. To know more about this issue stay tuned with us.

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Indian based peak IT companies TCS, Accenture, and HCL recruit around only 2,000 to 15,000 employees in the first quarter of this financial year 2022-2023. By comparing previous quarters of the economic year’s recruitment rate this is the very low one. The main reason for this reduction in the recruitment is that the companies adopt a cautionary approach to ride out inflationary and geopolitical headwinds.

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According to the data about the HCL, the recruitment rate of HCL at the first quarter of fiscal 2023 is that 2,089. HCL recruited 11,000 people in the last quarter of FY22. The attrition rate stood high at 23.8 per cent. As per TCS CEO, “company had gone lighter on hiring”. To get the interesting and believable breaking news follow us frequently.

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