India’s technology sector is in the middle of a hiring freeze—but not for the reasons you might think. Beyond the headcount lies a major shift: companies aren’t just cutting costs, they are cutting ties with yesterday’s skills. This isn’t just a pause in recruitment—it’s a reset of priorities.A recent report by brokerage Emkay Global points to a muted outlook. Hiring in the IT services segment declined 2.5% year-over-year in March, marking the fourth decline in five months. BPO and IT-enabled services fared even worse with a 7.5% decline. Management commentary remains cautious, shaped by weak discretionary tech spending and client focus on cost-takeout programmes.
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