Any idea about recession in IT..?
I am hearing lot of hiring freez news and also firing employees. I also got some offers but they have stopped due to hiring freez.
Will this be scenario only for November December due to holidays or same will be the case later.
I want to switch but not getting calls and after some rounds they are giving hiring freez reason.
What should I do in this case, wait till January or any other suggestions..

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Its not called a recession anymore. There’s a new term called slowdown. Hiring freeze happens every year in Dec-Jan period due to holiday & non availability of clients for interviews. But this time there’s an addition called ‘slowdown’. There maybe other factors as well like increment cycle for instance. But as I remember just up until a month back people were getting calls just fine.

Anyways, candidates looking for job can only apply & appear for interviews because there’s nothing else one can do about the situation except to prepare well. The preparation will help in future to get multiple offers.

Good luck.

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In a way yes. But there’s something called luck as well. If a company needs resources they can release offers till Dec 2nd week. So give interviews if you’re getting calls. After that there’s no point in a way because client round will get on hold.

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Holidays don’t play any role here. It will be like this the till the market recovers. Atleast a few months would be my guess.
The fed is currently engineering a recession by increasing the interest rates as a measure to reduce inflation. Unless that stops, the market will continue to be this way.

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I’d suggest you to hold iff till first quarter of next year as things would be more clear about layoffs and recession…If you join by Jan or Feb and recession hits hard, the layoff would happen first for the people on probation. So just prepare and observe the market and act accordingly.

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+1

.

Could you please specify which companies froze the offer? I’m also trying to switch so it would help me in some way

TCS and Dell

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