IT hiring at 10-year low
The technology services sector in India is currently undergoing a very bad growth period in close to a decade as their clients are decreasing their budgets on traditional outsourcing work. Also, the routine customer applications maintenance work which are performed by the freshers has been now carried out by automation or robots. With increasing automation, the tech companies are shifting their employees where work has become redundant and has begun training them with skills to cater to the needs of the new requirements. Infosys, for instance, is absorbing freshers as interns with a stipend and based upon their performance they will be absorbed as trainees by the company.