So Is There A Recession Going On?
@thebigk
•
Oct 26, 2024
Oct 26, 2024
1.1K
People love to talk about recession and a general slow-down in the IT industry. Whenever companies reduce the pace of hiring, people think we're going through recession. There can be several reasons a company may not hire with the same rate as they did last year but that may not be an indicator of recession.
Companies give out mixed signals in the media - for whatever reasons; the most prominent being keeping shareholder's confidence and interest in the company. Major IT companies would release a statement that they're going to hire several thousand employees in this financial year and after two-three weeks they'd say they're expecting a slack time in recruitments.
So, the question is - do you think there's a recession going on in India and other countries?
Companies give out mixed signals in the media - for whatever reasons; the most prominent being keeping shareholder's confidence and interest in the company. Major IT companies would release a statement that they're going to hire several thousand employees in this financial year and after two-three weeks they'd say they're expecting a slack time in recruitments.
So, the question is - do you think there's a recession going on in India and other countries?
