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Indian IT giants ride US jobs boom, hire more and more techies

  • Indian IT giants leverage the US tech hiring surge, bolstering their workforce with 6,000 new hires last month. TCS, Infosys, HCL, Wipro, and LTI Mindtree collectively employ over 135,000 in the US, contributing 2% to the tech industry.
  • March saw 191,000 new tech job postings, predominantly in software development and cloud infrastructure, with cities like New York, Washington, and Dallas showing high demand.
  • HDFC Securities predicts a 3.1% increase in the US tech workforce for 2024. Despite 2023 layoffs, hiring is poised to rebound, driven by demand and revenue growth, with growth expected to resume in FY25.

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