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Macro worries keep IT companies off campus: Hirings to be 40% lower

Many institutes say this year placement season will be subdued

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Many institutes believe that the placement season this year will be a subdued affair

Shivani Shinde Mumbai

4 min read Last Updated : Jul 30 2023 | 10:53 PM IST

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The macroeconomic uncertainty impacting the Indian information technology (IT) services industry has also affected campus placement seasons. Many institutes say that although firms are coming to the campuses, no one is making a

hiring commitment.

Adding to this, several institutes that Business Standard spoke to confirmed that India’s second-largest IT services firms, Infosys and Wipro, have not yet approached them for placements. This will be the second year that both players will miss the placement season.

Among the IT players that campuses are confident of visiting this season is only Tata Consultancy Services (TCS), as the company announced its hiring target

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