IT hiring falls 10% in January on recession fear
The Morning Standard|February 04, 2023
WITH macroeconomic headfears, hirwinds and recession ing in the IT sector has again dipped in January 2023. Last month's active jobs data shows a 10% drop from the IT sector collective-comprising services, products and start-ups.
UMA KANNAN
IT hiring falls 10% in January on recession fear

After the record low figures106,000 in October 2022, the IT collective had shown signs of recovery with improving numbers in November and December. Specialist staffing firm Xpheno said, however, the curve has dipped again in January with the sector putting out 112,000 active jobs, when compared to 124,000 in December 2022.

In its Active Jobs Outlook January 2023 report, the IT sector's January 2023 active jobs volume, on Y-o-Y basis, closed 59% lower than the same period last year. In January 2022, active jobs volume was 273,000.

This story is from the February 04, 2023 edition of The Morning Standard.

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This story is from the February 04, 2023 edition of The Morning Standard.

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