IT job growth slumps 25% on waning hiring intent

New Delhi: Due to corrections in hiring in the IT industry, job growth in the Indian IT sector has declined by 25 percent this year as compared to last year, a report showed on Thursday.

The hiring intent declined across both large IT giants and unicorns, while trends across other IT startups remained stable as compared to last year, according to a report by naukri.com. Regarding the hiring dip across experience levels, fresher hiring faces the biggest slump followed by a mid-experience hiring decline, while hiring across senior levels (greater than 12 years of experience) remained stable in IT, the report mentioned.

Pawan Goyal, Chief Business Officer, Naukri.com, said: "As the year begins, Non-IT sectors hold the fort for hiring activity in India with insurance, oil and hospitality flying high. Interestingly, IT-linked metros, which were the main growth drivers last year, were overshadowed by emerging cities like Ahmedabad and Baroda."

In the era of hiring corrections, increasing demand for senior professionals with more than 12 years of experience continues to dominate the hiring activity at the beginning of 2023, recording more than 20 percent growth from last year.