Macro uncertainties may keep IT hiring in slow lane this fiscal year

India’s information technology (IT) sector will witness subdued hiring in 2023-24 as macro uncertainties impact demand environment, with clients either taking a pause on spend or stopping discretionary spend, say human resource experts.

To begin with, unlike earlier years, the three large IT players TCS, HCLTech, and Wipro have not provided any new hiring targets for the financial year. And Wipro has said that its hiring target will depend on the demand environment.

According to HR experts, students graduating in the academic year 2023 will find it difficult to land a job.

Tata Consultancy Services (TCS), which traditionally has been hiring aggressively, saw