Artificial intelligence will have real job consequences this year – Live Mint

This shift will further impact recruitments. The overall headcount growth in the IT sector in FY24 over the previous fiscal is estimated to be barely 2.4%, according to Xpheno. This tardy pace is in sharp contrast to the years just after pandemic, when the industry went on a hiring frenzy, as companies of all sizes and across sectors picked up talent in digital skills or wanted IT companies to help them grow after more than a year of muted business.