Short-term demand for digital talent dips as global economy slows, funding dries up

Typically, four sets of companies are looking for digital talent – digital natives or startups, IT services companies, global capability centres (GCCs), and traditional companies that are moving online.

“There has been a 60-70% dip in hiring among the digital natives as much of their growth was driven by VCs instead of a strong balance sheet. IT services companies and GCCs have also been impacted due to the slowdown in the US economy and we see a 30-40% dip in hiring demand for digital talent. In traditional companies like Reliance and Tatas, hiring continues albeit at a slow pace,” said Anshuman Das, cofounder and CEO of Careernet.

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