Fresher hiring by Indian IT companies drops to 20-year low: Report

Indian software services companies are expected to end current financial year with the lowest intake of fresh engineers in over two decades, Economic Times reported. The companies are poised to end the year with 70,000 to 80,000 freshers, compared to six lakh freshers in FY22. The hiring slump comes amid declining global demand for technology services in the post-COVID-19 era.