Top IT services firm hit the pause button on hiring amid weak earnings

However, fears of an impending recession and declining profitability have together contributed in the change of mood for these IT services companies, along with their approach

After a period of whirlwind expansion since the outbreak of the Coronavirus pandemic, Indian IT services companies are now hitting the pause button. This comes at a time when five of the ten largest firms recorded a sequential decline in the sales and support staff in the September quarter, as they let go of non-revenue generating employees, thereby putting an unofficial hiring freeze.