Job openings in Indian IT sector at 17-month low in September
With the drop in volume in September, the FY average has slipped below 280,000 active jobs per month, which is also the longest slide in active jobs since March 2020
Even as high attrition rates continue to hurt the information technology services sector, firms seem to have begun cutting their hiring plans. According to a report by specialist staffing firm, Xpheno, the IT services sector saw only 70,000 active jobs as of September, the lowest in 17 months. This is also the sharpest year-on-year drop in active job volumes, of 36%, according to the report.