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Wipro, Tech Mahindra, TCS: Hiring crashes up to 96% at major IT firms; what to expect next?

The IT sector was already facing a slowdown due to a drop in demand because of the macroeconomic conditions, but the banking crisis that played out in February-March of this year led to further ramp-down in existing deals of IT companies and cutbacks in discretionary spending.
Harshvendra Soin N Ganapathy Subramaniam Salil Parekh Ram Sundarajan Financial Services Business Today

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