Chandigarh saw 22 per cent drop in hiring year on year (YoY) and three per cent drop month on month (MoM), as per a foundit hiring trends report. While Delhi showed one per cent rise in hiring demand YoY, there was a one per cent fall MoM.
Jaipur witnessed two per cent rise in hiring demand, YoY as well as MoM. Ahmedabad posted a two per cent rise in hiring demand YoY, but a one per cent dip MoM. Vadodara saw a five per cent rise YoY, while Kochi posted nine per cent rise YoY and four per cent rise MoM. Coimbatore saw four per cent rise YoY and 13 per cent MoM. The metros, clearly, haven’t done as well as the tier 2 cities.
Hyderabad posted five per cent drop YoY and one per cent drop MoM in terms of hiring demand. Chennai posted a four per cent dip YoY and two per cent dip MoM. Bangalore posted 11 per cent drop YoY and three per cent MoM. Kolkat posted a rise of 14 per cent YoY but a fall of five per cent MoM.
Bangalore posted a one to two per cent fall in hiring demand in the following sectors: banking,financial services and insurance; engineering, cement, construction, iron/steel; IT-hardware, software; BPOs/ITES as well as production and manufacturing. Chennai saw a seven per cent increase in hiring demand in production and manufacturing, followed by one per cent in BFSI, and two per cent in BPO/ITES. There was a dip in hiring demand in the engineering, cement, construction, iron/steel as well as in the IT-hardware software industries. Bangalore, Chennai, Delhi-NCR, Hyderabad, Mumbai and Pune saw a dip in hiring demand in the IT-hardware/software industry. The maximum fall of ten per cent is seen in Mumbai. In the production and manufacturing industry too, Mumbai posted the maximum fall in hiring demand MoM, of -8 per cent.