January 10, 2024
1 min read

21% Dip in Indian IT Hiring

The major sectors that witnessed job growth in December were hospitality and pharma….reports Asian Lite News

Hiring in the Indian IT sector declined 21 per cent in December 2023 as against the same month in 2022, displaying similar trends as seen in most of the second half of last year, a report said on Tuesday.

Full stack data scientist, IT infrastructure engineer and automation engineer were some of the job roles that saw decent hiring despite a cautious job market for the IT industry, according to Naukri JobSpeak Index.

Sectors like BPO, education, retail and healthcare were some of the major sectors that displayed cautious hiring sentiments, declining by 17 per cent, 11 per cent, 11 per cent and 10 per cent, respectively, in job offers in December as against the corresponding month of 2022.

The major sectors that witnessed job growth in December were hospitality and pharma.

New job offers for AI stood out with 5 per cent growth in the latest month as against the corresponding month of 2022.

“We observe marginal sequential growth of 2 per cent in December hiring activity compared to November, driven by non-IT sectors,” said Dr. Pawan Goyal, Chief Business Officer of Naukri.com.

However, the IT sector continued to be significantly impacted pulling the overall index down in comparison to last year, signalling a longer wait for a complete recovery in IT hiring,” he added.

The hospitality sector continued its growth momentum in new job offers with a 4 per cent increase in hiring as compared to December 2022.

The job growth for this sector is the highest in the cities of Mumbai and Delhi-NCR. Senior professionals with over 16 years of experience emerged as the most sought-after candidates for hiring in the sector.

The Pharma sector saw an increase in hiring of 2 per cent. There has been a renewed focus on R&D in the Pharma sector which has led to its growth and jump in placements, said the report.

The non-metros outshined the metros. Vadodara registered a growth of 3 per cent in new job offers in the latest month as against the same month of 2022, the report added.

ALSO READ: SentinelOne Acquires PingSafe

Previous Story

Xi’s ‘China Dream’ May Be Crumbling

Next Story

How Google Trends Reflects Concerns on Inflation

Latest from Business

Apple Appoints Sabih Khan as New COO

Khan will take over from Jeff Williams, who is stepping down from the role this month and will retire later this year…reports Asian Lite News Apple has announced that Sabih Khan, an

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite News Microsoft is set to cut around 9,000 jobs —

Northeast Is Growth Engine

Scindia also provided updates on the government’s efforts to facilitate the entry of SpaceX’s Starlink service into India. “All due diligence from the Ministry’s side is complete Union Minister for Communications and

India to Empower Global South

India is emerging as a pivotal force in the global transition to clean energy, with Union Minister for New and Renewable Energy, Pralhad Joshi, asserting that the country is empowering the Global

Maruti’s Global Push Breaks Record

June shipments hit 37,842 units, signalling robust global demand Maruti Suzuki India recorded its highest-ever monthly exports in June, shipping 37,842 units and marking a new milestone that highlights the company’s expanding
Go toTop

Don't Miss

Biden reinvigorates tariff war against India

Threatens to increase import duties on a range of imports,

Opposition unity a myth says Dilip Ghosh

In Kerala, however, we failed to win a seat but