Try GOLD - Free
Recruitment sector plods through a gloomy quarter
Hindustan Times
|November 16, 2023
Hiring activity cooled in tech and retail sectors in the December quarter as companies cut hiring mandates and reduced sub-contracting costs, while banking recruitment stayed flat and manufacturing saw a minor uptick.
While hiring in the IT and startup sector is down to the levels of June quarter of 2020 when a strict lockdown was in force, retail and packaged consumer goods mandates are almost 20% lower from a year ago, recruiters said. However, manufacturing and automobile industries have shown some growth in hiring.
"Hiring in IT companies and startups has fallen by 40% when compared to the October-December period of last year. In fact, in IT, recruitment numbers are now similar to April-June 2020 when a lockdown was on," said Kamal Karanth, co-founder of Xpheno, a tech recruitment firm.
This story is from the November 16, 2023 edition of Hindustan Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times
Hindustan Times
Leader on a mission after a remarkable renaissance
Omar Abdullah became the first chief minister of the Union Territory of Jammu & Kashmir last year after winning a decisive victory in the first assembly elections in the restive region in a decade.
1 min
December 03, 2025
Hindustan Times
Versatile wunderkind who became a World Cup hero
Agra-born Deepti Sharma played her first senior domestic season at the age of 16, for Uttar Pradesh, in the 2014-15 season.
1 min
December 03, 2025
Hindustan Times
Reimagining transport policy to check pollution
Delhi and the larger NCR must adopt a forward-looking, data-driven strategy to reduce transport emissions
4 mins
December 03, 2025
Hindustan Times
DAY AFTER NOD, RS RETURNS MANIPUR GST BILL TO LS
The Rajya Sabha on Tuesday returned the Manipur Goods and Services Tax (Second Amendment) Bill, 2025, which replaces an Ordinance to implement the GST 2.0 reforms in the northeastern state, to the Lok Sabha, which had passed the bill a day ago.
1 mins
December 03, 2025
Hindustan Times
HAVE YOU HOPPED A HOTEL YET?
Travellers are booking multiple hotels in a single trip to experience diverse localities and vibes, despite the inconvenience of frequent packing and check-ins
2 mins
December 03, 2025
Hindustan Times
Jaya Bachchan's 'gande pant' comment sparks paparazzi backlash
The actor's fraught relationship with the paps has sparked fresh controversy. She even questioned their background, triggering backlash from lensmen
1 min
December 03, 2025
Hindustan Times
Architect of Uttar Pradesh's stability and transformation
He is already among the longest serving chief ministers of Uttar Pradesh, having made history in the 2022 assembly elections by becoming the first politician to win back power in India's most -politically crucial state in a generation.
1 min
December 03, 2025
Hindustan Times
China adds tax to condoms to boost births
China will impose a value-added tax on contraceptive drugs and devices — including condoms — for the first time in three decades, its latest bid to reverse plunging birth rates that threaten to further slow its economy.
1 mins
December 03, 2025
Hindustan Times
His latest record: Steering an ODI world cup triumph
From setting a world record in his first-class debut as a Mumbai player to guiding India to their historic ICC Women's ODI World Cup win as coach, Amol Muzumdar has donned some memorable roles.
1 min
December 03, 2025
Hindustan Times
Chennai Super Warriors beat Hyderabad Royals
Chennai Super Warriors extended their winning run with a commanding 4-2 win over Hyderabad Royals while Capital Warriors Gurgaon clinched their first victory of the season in an exciting Grand Rally finish against Bengaluru Blasters (4-2) on Day 2 of Indian Pickleball League on Tuesday.
1 min
December 03, 2025
Translate
Change font size