Seeing slowdown in hiring in auto, financial services due to NBFC stress, says Info Edge

Hitesh Oberoi, MD and CEO of Info Edge, discussed how hiring in the IT sector is panning out.

“The IT sector has done well for us for the last four-five quarters. A lot of our growth in Naukri over the last year or so has been driven by hiring that we see in Bangalore, Chennai, Pune and Hyderabad which are primarily IT markets. These companies continue to do well, continue to hire, attrition rates are also up in many of these companies, so it is not just about net hiring, it is also about gross hiring as far as we are concerned,” Oberoi told CNBC-TV18 on Monday.

“As far as we are concerned, we are not seeing any signs of a major slowdown,” he added.