After 2024's record low freshers' hiring in the IT sector since 2000, FY 2025 is set to see a doubling of hiring rates

The Indian IT sector has faced some tough times recently, leaving even the prestigious IITs grappling with campus placements. A mix of factors, from the US Federal Reserve's rate hikes in 2022 to rampant overhiring during the pandemic, has contributed to this slump. However, according to SightsIn Plus, a monthly HR magazine, things might change for the better soon. Freshers' hiring is expected to surge in 2025, with projections indicating a promising doubling compared to FY 2024. Could this be the turnaround the industry has been waiting for?

FY 2024 marked a challenging period for the IT sector, recording the lowest intake of fresh graduates since 2000.?

The landscape has been bleak for quite some time now, with over half a million tech professionals losing their jobs globally over the past 2.5 years, according to Layoffs.fyi, a platform that tracks industry layoffs.?

However, as we look ahead, there's a silver lining on the horizon for aspiring IT professionals.

According to SightsIn Plus, fiscal year 2025 is projected to bring about a significant turnaround, with a potential 100% year-on-year (YoY) growth, resulting in over 150,000 entry-level positions being created.?

This optimism is echoed by Aditya Narayan Mishra, the Managing Director and CEO of staffing firm CIEL HR, who anticipates a 10-15% increase in fresher hiring demand during the second half of FY25 compared to the same period last year.

The outlook for the industry is increasingly positive, driven by a surge in demand, particularly within the banking, financial services, and insurance (BFSI) sectors.

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Additionally, major IT players are achieving strong large deal wins and are expanding globally, further fuelling this growth.?

Organisations are strategically aligning their fresher recruitment with project demands, ensuring that they remain prudent while pursuing overall growth.

In a notable example of this rebound, Accenture, the world's largest IT company, reported a remarkable increase in its workforce, adding 24,000 employees during the fourth quarter (June-August)—the highest headcount growth seen in the last ten quarters.?

This trend suggests that the IT sector is not only recovering but is also preparing for a robust future, creating exciting opportunities for the next generation of tech talent.

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