According to a report, the Indian IT sector experienced a modest growth in hiring during June 2023. This comes as a relief after concerns were raised due to recent news about layoffs in the tech industry.
To summarize:
- The tech job market is gradually showing signs of improvement.
- There has been a slight increase in hiring within the tech sector.
- Furthermore, sectors such as healthcare and BPO have also witnessed an upward trend in hiring activity.
When Twitter abruptly terminated thousands of employees in November of the previous year, the world was both shocked and appalled. Little did they realize that soon, numerous companies would follow suit, conducting large-scale layoffs that would leave millions of individuals worldwide without a means of livelihood. Layoffs never affect just one person; entire families bear the brunt of such actions. Tech giants such as Google, Microsoft, Amazon, Meta, and IBM began letting go of employees in significant numbers. As time passed, the situation only worsened. Millions of people turned to job-search platforms like LinkedIn and Naukri, searching for the next promising opportunity. Consequently, the tech job market became fiercely competitive, making securing a job a challenging endeavor.
