• Latest
  • Trending
How will 2024 pan out for engineering graduates as IT hiring drops!

How will 2024 pan out for engineering graduates as IT hiring drops!

15 May 2024
Data Story: LME Aluminium price remains stable despite tariff concerns

Data Story: Will Aluminium price sustain current rally amid rising Middle East conflict?

23 June 2025
Paradip Port Authority hits milestone: Handles 41.12 MMT cargo

Data Story: Vessel Position Report

23 June 2025
Accenture forecasts slower growth as clients cut tech spending

Accenture forecasts slower growth as clients cut tech spending

23 June 2025
xAI’s Grok models are now on Oracle Cloud Infrastructure

xAI’s Grok models are now on Oracle Cloud Infrastructure

23 June 2025
Iran threatens to block Strait of Hormuz after US strikes

Iran threatens to block Strait of Hormuz after US strikes

23 June 2025
LIC Housing Finance reduces lending rates to 7.50% on new home loans

LIC Housing Finance reduces lending rates to 7.50% on new home loans

23 June 2025
Data Story: Indian spices prices

Data Story: Chilli exports highest among spices in FY25 from India

22 June 2025
Data Story: Cochin Port achieves highest ever cargo traffic in FY25

Data Story: Cochin Port achieves highest ever cargo traffic in FY25

22 June 2025
Group of shareholders ask investors to vote against Elon Musk’s pay package, says Report

Tesla to open first showroom in India this July

21 June 2025
Data Story: Global Oil Price Fluctuations

Data Story: Brent crude jumps 18% in 10 days amid Israel-Iran conflict

20 June 2025
SpaceX could hit $350 billion valuation

Testing failure adds to a growing list of Starship setbacks, what about Mars’ dream now?

20 June 2025
Paradip Port Authority hits milestone: Handles 41.12 MMT cargo

Shipping charges jump, what next?

20 June 2025
  • Careers
  • Advertisement
Tuesday, June 24, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result
Home Technology

How will 2024 pan out for engineering graduates as IT hiring drops!

by databiztimes.com
in Technology
Reading Time: 2 mins read
0
How will 2024 pan out for engineering graduates as IT hiring drops!

Debasis Mohapatra

Bengaluru, 15 May

Engineering graduates across college campuses in India are facing the heat as the ongoing placement season sees less offer letters from Indian IT companies.

Experts are of the opinion that hiring of freshers are likely to be better than last year but a far cry from 2021 & 2022 when placement was at a peak.

Post-pandemic, Indian IT firms including TCS, Infosys, Wipro, HCL Tech, LTIMindtree, Tech Mahindra, and other mid-tier companies hired a record number of engineering graduates from college campuses.

In FY22, the Indian IT industry hired a record-breaking 600,000 freshers on the back of a surge in demand for digital services seen across the world. In FY23, the hiring number came down but still Indian IT firms hired around 250,000 freshers during this period.

However, fresher hiring came to a halt during FY2024 as most companies skipped college campuses owing to a tepid demand environment. During the last fiscal year, Indian IT industry saw a sharp fall in total headcount as large and mid-tier IT firms cut their headcount by more than 70,000. Many IT firms witnessed such a fall after two decades of consistent increase in employee base.

“IT firms over-hired freshers in the post-pandemic period. However, as the demand environment turned tepid, all IT companies were prompted to cut their employee count and stop fresher hiring. We don’t expect much change in terms of fresher hiring in 2024,” said an HR expert.

Large IT firms indicated that hiring from campuses would depend on the demand environment. India’s largest IT services firm, TCS has started fresher hiring by visiting campuses. The Tata Group company is also conducting its National Qualifier Test for recruitment of freshers from various college campuses.  

“There is a lot of buzz in the campuses as we visit campuses this year. Our all India National Qualifier Test has also begun,” Chief HR Officer of TCS, Milind Lakkad has said addressing the media in the post Q4 results press conference.

However, Wipro management has indicated that it would give priority to the onboarding of freshers to whom it has rolled out offer letters earlier. Similarly, Infosys said its hiring model has changed in recent years with half of the candidates getting hired outside of campuses.

Sources in the know said that tier-II and tier-III engineering colleges are facing the maximum adverse impact of such a hiring trend.

Meanwhile, IT firms are focussed on improving their employee utilisation levels in order to protect their operating margins. Employee utilisation level means the number of employees employed in projects.

databiztimes.com

databiztimes.com

Related Posts

Tech Mahindra partners with Hanab for IT modernization post-carve out

Tech Mahindra partners with Hanab for IT modernization post-carve out

by databiztimes.com
5 June 2025
0

DBT Bureau Pune, 5 June 2025 Tech Mahindra, a leading global provider of technology consulting and digital solutions to enterprises...

Silicon Labs and Wirepas surpass 10 million chipsets, powering industrial IoT at scale

Silicon Labs and Wirepas surpass 10 million chipsets, powering industrial IoT at scale

by databiztimes.com
4 June 2025
0

DBT Bureau Pune, 4 June 2025 Silicon Labs, the leading innovator in low-power wireless solutions, and Wirepas, a global leader...

Apple products transform care at Emory Healthcare | Company News

Apple products transform care at Emory Healthcare | Company News

by databiztimes.com
23 May 2025
0

DBT Bureau Pune, 23 May 2025 At Emory Hillandale Hospital in Lithonia, Georgia, Apple products are now the standard, marking...

Hexaware Earns AWS Data & Analytics Competency

Hexaware Earns AWS Data & Analytics Competency

by databiztimes.com
14 May 2025
0

DBT Bureau Pune, 14 May 2025 Hexaware, a global IT services and solutions provider, announced that it has achieved the...

DBT Bureau

Data Biz Times © 2025. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2025. All Rights Reserved.