The global economic slowdown has started hitting Indian IT companies hard, Infosys Technologies, India`s second largest exporter of IT services has decided to freeze its annual hiring cycle following the global economic slowdown, reports Business Line.
The company had planned to hire 25,000 people earlier this year and till date the company has confirmed about 16,000-17,000 jobs, while the rest of 6,000 jobs will also be confirmed said company chief executive Kris Gopalakrishnana.
The company is also unsure whether it will continue to run it`s two-month paid internship summer programme for undergraduate students of various universities worldwide. But the company said it had no plans for downsizing.
The company said that it was looking at somewhere in the region of 15% of growth. The company to survive this tough time is looking at controlling it`s cost and controlling it`s expenses.
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