<ul><li>The Indian IT sector is grappling with a historic low in campus hiring, with estimates suggesting only 70,000 to 80,000 fresh engineers will be hired in FY24, the lowest intake in over two decades.</li><li>The decline follows a dramatic downturn initiated in fiscal 2022, when the industry hired a record 600,000 freshers. The current slowdown is attributed to subdued demand for digitization post-COVID-19 and geopolitical conflicts.</li><li>Top companies like Infosys and Wipro are expected to skip campus hiring for a second consecutive year, and tier 2 colleges are likely to be disproportionately affected. Analysts cautiously anticipate a revival in FY25.</li></ul>

IT campus hiring tumbles to two-decade low

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