{"id":1279165,"date":"2024-02-20T08:13:10","date_gmt":"2024-02-20T02:43:10","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1279165"},"modified":"2024-02-20T08:13:31","modified_gmt":"2024-02-20T02:43:31","slug":"78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/","title":{"rendered":"78% Less IT Employees Will Be Hired In 2024, As Per Nasscom Study"},"content":{"rendered":"\n

The heydays of tech industry seem to now be gone, at least in the narrower view, since the industry which was previously thriving, now is in a slump and the same is reflected in the number of jobs that it is poised to create: mere 60000 new ones.<\/a><\/p>\n\n\n\n

\"78%<\/figure>\n\n\n\n

IT Sector\u2019s Lacklustre<\/strong><\/p>\n\n\n\n

This is appalling especially in the case of 2.7 lakh jobs that the industry created in the previous fiscal. What makes the matter particularly precarious is that the industry is subdued by the demand pressures which are triggered by a macroeconomic slowdown in the key markets of the United States and Europe.<\/p>\n\n\n\n

It is the North America and Europe markets which generate over 60-80 % revenue of the $250-billion services industry.<\/p>\n\n\n\n

Nasscom president Debjani Ghosh threw some light on the over hiring and the impending corrections that \u201cBecause there was a lot of over-hiring done during the COVID year, we are seeing some level of correction happening, which is expected and needed for the industry”.<\/p>\n\n\n\n

Speaking on the shift of hiring trend to the new technologies such as artificial intelligence (AI), big data, cloud, cybersecurity, etc., she added that \u201cSo the frontier technologies are where we are seeing the demand growing right.\u201d<\/p>\n\n\n\n

India’s Upskilling Efforts and the Future of Work<\/strong><\/p>\n\n\n\n

The Indian non-governmental trade association said that industry has committed 60-100 hours per year per employee on upskilling. Giving an update over employees being trained on these nascent technology, he said that the upskilling activities have increased by 9 times as compared to the previous year and over 6.5 lakh employees are getting training on the same.<\/p>\n\n\n\n

Pointing out that the gap between the pace of upskilling and the actual pace of technology change, she said that \u201cAnd that’s going to be the biggest challenge that industry will face, for as to how do you bridge this gap\u201d.<\/p>\n\n\n\n

However, she also pointed out that India shall be least impacted amongst other few countries when compared to the global counterparts.<\/p>\n\n\n\n

Ghosh, Nasscom\u2019s first women leader, said that \u201cAI will absolutely bring some displacement in jobs, but there will also be a lot of new jobs getting created\u201d.<\/p>\n\n\n\n

She added that the obsession should be on skilling people faster for these jobs rather than over job losses.<\/p>\n","protected":false},"excerpt":{"rendered":"

The heydays of tech industry seem to now be gone, at least in the narrower view, since the industry which was previously thriving, now is in a slump and the same is reflected in the number of jobs that it is poised to create: mere 60000 new ones. IT Sector\u2019s Lacklustre This is appalling especially […]<\/p>\n","protected":false},"author":26,"featured_media":1279170,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[1757,774,1283],"class_list":["post-1279165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-it-hiring","tag-it-jobs","tag-nasscom"],"acf":[],"yoast_head":"\n78% Less IT Employees Will Be Hired In 2024, As Per Nasscom Study - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"78% Less IT Employees Will Be Hired In 2024, As Per Nasscom Study - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"The heydays of tech industry seem to now be gone, at least in the narrower view, since the industry which was previously thriving, now is in a slump and the same is reflected in the number of jobs that it is poised to create: mere 60000 new ones. IT Sector\u2019s Lacklustre This is appalling especially […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-20T02:43:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-20T02:43:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-11-5-1280x720-1-1-1024x576-1-1024x576-1-1.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Rohit Kulkarni\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rohit Kulkarni\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/\",\"url\":\"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/\",\"name\":\"78% Less IT Employees Will Be Hired In 2024, As Per Nasscom Study - Trak.in - Indian Business of Tech, Mobile & Startups\",\"isPartOf\":{\"@id\":\"https:\/\/trak.in\/stories\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-11-5-1280x720-1-1-1024x576-1-1024x576-1-1.jpeg\",\"datePublished\":\"2024-02-20T02:43:10+00:00\",\"dateModified\":\"2024-02-20T02:43:31+00:00\",\"author\":{\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/4486219a5d31e657b529e6e874cead8b\"},\"breadcrumb\":{\"@id\":\"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/#primaryimage\",\"url\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-11-5-1280x720-1-1-1024x576-1-1024x576-1-1.jpeg\",\"contentUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-11-5-1280x720-1-1-1024x576-1-1024x576-1-1.jpeg\",\"width\":1024,\"height\":576},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/trak.in\/stories\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"78% Less IT Employees Will Be Hired In 2024, As Per Nasscom Study\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/trak.in\/stories\/#website\",\"url\":\"https:\/\/trak.in\/stories\/\",\"name\":\"Trak.in - Indian Business of Tech, Mobile & Startups\",\"description\":\"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/trak.in\/stories\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/4486219a5d31e657b529e6e874cead8b\",\"name\":\"Rohit Kulkarni\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/52ba60e3a61a3517cad7b5dd6bce76c6e7a4d8b337f4240839e8737c4ab8b1bb?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/52ba60e3a61a3517cad7b5dd6bce76c6e7a4d8b337f4240839e8737c4ab8b1bb?s=96&d=mm&r=g\",\"caption\":\"Rohit Kulkarni\"},\"url\":\"https:\/\/trak.in\/stories\/author\/rohit-kulkarni\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"78% Less IT Employees Will Be Hired In 2024, As Per Nasscom Study - Trak.in - Indian Business of Tech, Mobile & Startups","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/","og_locale":"en_US","og_type":"article","og_title":"78% Less IT Employees Will Be Hired In 2024, As Per Nasscom Study - Trak.in - Indian Business of Tech, Mobile & Startups","og_description":"The heydays of tech industry seem to now be gone, at least in the narrower view, since the industry which was previously thriving, now is in a slump and the same is reflected in the number of jobs that it is poised to create: mere 60000 new ones. IT Sector\u2019s Lacklustre This is appalling especially […]","og_url":"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/","og_site_name":"Trak.in - Indian Business of Tech, Mobile & Startups","article_published_time":"2024-02-20T02:43:10+00:00","article_modified_time":"2024-02-20T02:43:31+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-11-5-1280x720-1-1-1024x576-1-1024x576-1-1.jpeg","type":"image\/jpeg"}],"author":"Rohit Kulkarni","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Rohit Kulkarni","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/","url":"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/","name":"78% Less IT Employees Will Be Hired In 2024, As Per Nasscom Study - Trak.in - Indian Business of Tech, Mobile & Startups","isPartOf":{"@id":"https:\/\/trak.in\/stories\/#website"},"primaryImageOfPage":{"@id":"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/#primaryimage"},"image":{"@id":"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/#primaryimage"},"thumbnailUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-11-5-1280x720-1-1-1024x576-1-1024x576-1-1.jpeg","datePublished":"2024-02-20T02:43:10+00:00","dateModified":"2024-02-20T02:43:31+00:00","author":{"@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/4486219a5d31e657b529e6e874cead8b"},"breadcrumb":{"@id":"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/#primaryimage","url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-11-5-1280x720-1-1-1024x576-1-1024x576-1-1.jpeg","contentUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-11-5-1280x720-1-1-1024x576-1-1024x576-1-1.jpeg","width":1024,"height":576},{"@type":"BreadcrumbList","@id":"https:\/\/trak.in\/stories\/78-less-it-employees-will-be-hired-in-2024-as-per-nasscom-study\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/trak.in\/stories\/"},{"@type":"ListItem","position":2,"name":"78% Less IT Employees Will Be Hired In 2024, As Per Nasscom Study"}]},{"@type":"WebSite","@id":"https:\/\/trak.in\/stories\/#website","url":"https:\/\/trak.in\/stories\/","name":"Trak.in - Indian Business of Tech, Mobile & Startups","description":"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/trak.in\/stories\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/4486219a5d31e657b529e6e874cead8b","name":"Rohit Kulkarni","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/52ba60e3a61a3517cad7b5dd6bce76c6e7a4d8b337f4240839e8737c4ab8b1bb?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/52ba60e3a61a3517cad7b5dd6bce76c6e7a4d8b337f4240839e8737c4ab8b1bb?s=96&d=mm&r=g","caption":"Rohit Kulkarni"},"url":"https:\/\/trak.in\/stories\/author\/rohit-kulkarni\/"}]}},"jetpack_featured_media_url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2024\/02\/Untitled-design-11-5-1280x720-1-1-1024x576-1-1024x576-1-1.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1279165","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/comments?post=1279165"}],"version-history":[{"count":1,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1279165\/revisions"}],"predecessor-version":[{"id":1279171,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1279165\/revisions\/1279171"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media\/1279170"}],"wp:attachment":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media?parent=1279165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/categories?post=1279165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/tags?post=1279165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}