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INFO-TECH: Hiring by top 5 cos down 36%.
from BUSINESS LINE, October 29, 2008 New Delhi/Chennai, Oct 28 - The financial crisis in the US continued to dampen hiring sentiments with net manpower addition by top 5 Indian IT companies combined tanking 36 per cent in July-September quarter.
The net additions by TCS, Infosys, Wipro, Satyam and HCL Technologies were nearly 17,000 professionals in the just- concluded quarter, against 26,500 professionals in the year-ago period.
Seen sequentially, the cumulative net addition is significantly higher than 10,700 professionals added during the quarter ended June 2008, but HR honchos attribute that to second quarter being a traditionally strong one for freshers …
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