Slowdown Hits IT Sector. Infosys Delays 28,000 New Recruits

In a clear indication that the world economic slowdown is now showing its impact on the Indian IT Sector, Infosys has announced today that it planned to delay the joining dates of 28,000 new recruits until mid-2013.

The new recruits are mostly those hired in campus placements in August and September last year. They were supposed to join in September 2012 but will now have to wait till 2013.

Infosys is India’s second largest software services company and the report in Economic Times that broke this story cites an Infosys source as saying “based on business imperatives and manpower requirements, we expect on-boarding of fresh hires to be completed by the first quarter of fiscal 2014“.

India’s outsourcing business is worth $100 billion and the current economic worries in Europe and USA are clearly impacting the sector.