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There's no recession going on in India as of now. The companies are hiring as they have many projects in the pipeline.
+1 same with me as well
Indian entities of all the Big 4 are hiring while global entities do not have any openings.
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To add to this # I've got a few American and british company reach out to me for their Indian offices only, like Allstate.
Is it that they're compensating laid off employees with cheap alternative?
I haven't heard of them laying off employees as such.
Same