Decrease in IT industry hiring
Posted on: 26/Oct/2016 9:32:03 AM
Across Tamil Nadu�s engineering campuses, hiring by software service companies have dropped by 40 per cent. A senior director of Nasscom has said, It is too early to comment. More companies will visit campuses in the next 6 months and we have a positive outlook on placements as of now.
Nasscom had estimated a 20 per cent decrease in IT hiring for the first time since 2009. The reason for this was said to be companies resorting to automation of entry-level coding jobs and look at optimizing their bench strength.
A career services official from SRM University said, It`s the cyclical nature of the industry along with Brexit and US elections that has brought a period of uncertainty for large IT companies. Bulk hiring was down 30-40 per cent at SRM University.
