job search: Freshers intensify job search as companies go slow on hiring plans
The job search for young graduates and entry-level candidates has reached a record high as companies narrow their hiring funnel. In the last 30 days, about 26 lakh entry-level freshers actively sought job openings, which is significantly higher than the typical range of 10-12 lakh. The increase in job hunts is due to a tightening economy, macroeconomic headwinds, and companies cutting costs. Hiring freezes and downsizing in sectors like IT/ITes and start-ups have also created a vacuum in the entry-level job market.
Source: indiatimes.com
