Source | economictimes.indiatimes.com | Romita Majumdar | Sai Ishwarbharath, ET Bureau
Mumbai | Bengaluru: After months of slowdown in tech hiring, the IT sector has started seeing some green shoots of demand starting July, according to staffing firms. There has been a 10% increase in the overall hiring requirements in July compared to last month, they added, signalling good news for the IT sector and some pick-up in demand in the coming quarter after a long lull.
The growth in headcount, however, will only be reflected in the October-December quarter, said experts. The increased demand is led by companies having better visibility of demand. Despite the pick-up, the rate of recovery is still slower than anticipated, and significantly lower than the peak demand witnessed in 2021, they added.