<ul><li>In 2021 and early 2022, the IT job market was highly competitive, with IT employees receiving multiple job offers and ghosting employers after accepting offers. This created a nightmare for HR executives.</li><li>Fast forward to the present, and it's now a job seeker's market, with significantly lower employee attrition rates. TCS's attrition rate dropped to 14.9%, and Infosys's attrition rate nearly halved to 14.6% in the September quarter.</li><li>Weakening global economic conditions and geopolitical events like the Ukraine war have led to a drop in IT demand, causing some companies to cut hiring and even reduce overall employee numbers.</li></ul>

IT staffers stick to jobs after great resignation

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