Almost after a year-long freezing, hiring activity seems to have gathered pace across the IT sector in India. Top IT firms - TCS, Infosys, Wipro and HCL Technologies have plans to hire over 1 lakh fresh graduates across the campuses this fiscal. But many companies are struggling to get experienced candidates onboard.
It seems big IT companies are planning for drastic job cuts as soon as 2022. News agency PTI said quoting a report that domestic software firms may cut as many as 30 lakh or 3 million jobs by 2022. TCS, Infosys, Wipro, HCL, Tech Mahindra and Cognizant and others appear to be planning for a 3 million reduction in low-skilled roles by 2022, the report said.