Infosys, one of India’s largest IT services companies, has announced that it will not be visiting college campuses this year to hire fresh graduates. This decision is likely to have a significant impact on the Indian job market, as Infosys is one of the largest employers of fresh graduates in the country.
There are a number of factors behind Infosys’ decision to skip campus hiring this year. One factor is that the company has a significant fresher bench, a pool of fresh graduates who have been hired but are not yet being deployed on projects. Another factor is a demand decline in key markets such as the US. Finally, Infosys has also identified inefficiencies in its employee pyramid and is looking to tighten utilization.
The decision by Infosys to skip campus hiring this year is a major setback for fresh graduates, who are already facing a tough job market. It is also a sign of the slowing growth in the IT sector, which has been hit by a number of factors, including the global economic slowdown, the war in Ukraine, and the rising cost of living.
Impact on the Indian Job Market
The decision by Infosys to skip campus hiring this year is likely to have a significant impact on the Indian job market. Infosys is one of the largest employers of fresh graduates in the country, and its decision to skip campus hiring will mean that thousands of graduates will miss out on an opportunity to start their careers with one of India’s top IT companies.
In addition, the decision by Infosys is a sign of the slowing growth in the IT sector. The IT sector is one of the largest employers in India, and its slowdown is likely to have a ripple effect on other sectors of the economy.
Fresh graduates who are affected by Infosys’ decision to skip campus hiring this year should not despair. There are a number of other IT companies that are still hiring fresh graduates.
Conclusion
The decision by Infosys to skip campus hiring this year is a major setback for fresh graduates and a sign of the slowing growth in the IT sector. However, there are a number of other things that fresh graduates can do to start their careers.