• 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
Adani Group starts cityside development at eight airports

Adani Group starts cityside development at eight airports

4 August 2025
NUS, Google launch joint AI centre to boost research and talent development

NUS, Google launch joint AI centre to boost research and talent development

4 August 2025
India’s steel policy 2025: boosting domestic manufacturing, reducing Chinese imports

India’s steel policy 2025: boosting domestic manufacturing, reducing Chinese imports

3 August 2025
Meta sees big gains across revenue, profit and users in Q2 2025

Meta sees big gains across revenue, profit and users in Q2 2025

3 August 2025
OpenText and TELUS launch Canada’s first Sovereign AI Cloud platform

OpenText and TELUS launch Canada’s first Sovereign AI Cloud platform

3 August 2025
Posco taps Oracle Autonomous Database to power smart manufacturing and AI-driven growth

Posco taps Oracle Autonomous Database to power smart manufacturing and AI-driven growth

2 August 2025
How to build your first game

How to build your first game

2 August 2025
Amazon Q2 2025 profit surges to $18.2 billion on strong AWS and AI momentum

Amazon Q2 2025 profit surges to $18.2 billion on strong AWS and AI momentum

2 August 2025
LIC Housing kicks off FY26 with 5% profit jump, zero processing fee pushes growth

LIC Housing kicks off FY26 with 5% profit jump, zero processing fee pushes growth

2 August 2025
Trump launches crypto venture to fuel 2024 Presidential run

Indian state-owned oil firms cut Russian crude orders

1 August 2025
Boeing reports $22.7 billion in Q2 revenue amid ongoing recovery efforts

Boeing reports $22.7 billion in Q2 revenue amid ongoing recovery efforts

1 August 2025
PwC’s latest M&A technology platform reimagines the way clients do deals

PwC’s latest M&A technology platform reimagines the way clients do deals

1 August 2025
Monday, August 4, 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

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

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

RelatedPosts

PwC’s latest M&A technology platform reimagines the way clients do deals

HCLTech named a Workday Sales Partner

DCNT Global launches 3GWh battery storage plant in Pune

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.

Related Posts

PwC’s latest M&A technology platform reimagines the way clients do deals

PwC’s latest M&A technology platform reimagines the way clients do deals

by databiztimes.com
1 August 2025
0

DBT Bureau Pune, 1 August 2025 PwC and its alliance partner, Harvey, have extended access to their latest co-developed technology,...

HCLTech named a Workday Sales Partner

HCLTech named a Workday Sales Partner

by databiztimes.com
9 July 2025
0

DBT Bureau Pune, 9 July 2025 HCLTech, a global technology company, announced it has been named a Workday partner. This...

DCNT Global launches 3GWh battery storage plant in Pune

DCNT Global launches 3GWh battery storage plant in Pune

by databiztimes.com
7 July 2025
0

DBT Bureau Pune, 7 July 2025 DCNT Global, a leader in innovative energy and data center solutions, announced that it...

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...

Adani Group starts cityside development at eight airports
Economy

Adani Group starts cityside development at eight airports

by databiztimes.com
4 August 2025
0

Athira Sethu Kochi, 4 August 2025 Adani Group has begun a new project to construct on land adjacent to eight...

Read moreDetails
NUS, Google launch joint AI centre to boost research and talent development
Media Release

NUS, Google launch joint AI centre to boost research and talent development

by databiztimes.com
4 August 2025
0

Google and NUS plan to establish a joint research and innovation centre that brings together resources and technology to pursue...

Read moreDetails
India’s steel policy 2025: boosting domestic manufacturing, reducing Chinese imports
Economy

India’s steel policy 2025: boosting domestic manufacturing, reducing Chinese imports

by databiztimes.com
3 August 2025
0

DBT Bureau Pune, 3 August 2025 The PM Gati Shakti and National Infrastructure Pipeline envisage an integrated planning and coordinated...

Read moreDetails
Meta sees big gains across revenue, profit and users in Q2 2025
Business

Meta sees big gains across revenue, profit and users in Q2 2025

by databiztimes.com
3 August 2025
0

DBT Bureau Pune, 3 August 2025 Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, announced strong financial results...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. 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 © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?