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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. ....
Gurnani said, “We will continue to add about 20,000 people in the next one year." “We are today at 1,64,000 people, Insha Allah we will be at 1,84,000 people twelve months from now,” the MD and CEO said. ....