Higher and higher - May '24

May 2024

Dear Colleague, welcome back!

Did you blink and miss Monday? It’s Wednesday and weekend vibes are incoming! We’ll keep this concise. Here’s the essential information you need.

This month’s HR headlines

Shunning layoffs, mid-sized IT companies are on a hiring spree.

In contrast to the job cuts at India’s leading IT companies, some mid-sized information technology firms actually grew their workforce in fiscal 2024, despite a slowdown in the tech industry caused by macroeconomic and geopolitical uncertainty.

Per this report, at least six mid-sized IT companies, such as L&T Technology Services and Birlasoft, expanded their workforce by nearly 7,000 employees in fiscal year 2024.