News > Improvement in business sentiment key to hiring in tech industry

Improvement in business sentiment key to hiring in tech industry

The technology industry had to brave several challenges on the hiring front in 2023. It was to such an extent that new employee additions came to a grinding halt across sectors, including IT services companies and technology-enabled startups. Though technology captives or GCCs (Global Capability Centres) emerged as the only bright spot, hiring numbers were not large enough to move the needle. This was made worse by many global technology giants freezing new hiring.