IT/Telecom sector witnesses 10% drop in job seeking activity

IT/Telecom sector witnessed 10 percent drop in job seeking activity.

The TimesJobs Recruitex says IT/Telecom professionals witnessed drop of 15 percent in job seeking activity.

The demand index fell to 87 points during the month. It witnessed an overall drop of 5 points in a month-over-month analysis.

The drop in demand for talent was mainly contributed by sectors such as IT/Telecom witnessing maximum drop (over -10 percent) in job seeking activity.

Amit Jain, business head,, said: “This is usually a growth period in the recruitment cycle but this time, post appraisal also demand for talent seems to be slow. The industry seems to be reacting to the macro- economic environment and has adopted a wait and watch approach. We do expect things to get better as we approach the election year.”

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