Capgemini halts tech hiring amid slowdown

Capgemini is one of the renowned IT consulting firms, on Tuesday the firm announced its financial year report. And as per the Economic Times report, it has forecast weaker revenue growth and the firm has planned to slow down the hiring in 2023 amid a tech sector slowdown.

Earlier also many leading tech giants like Amazon, Google, Microsoft, Meta, Twitter, and other tech titans have been forced to take hard decisions by laying off many employees from their firms to reduce costs due to the global economic surge.

Capgemini, which offers consulting, technical, digital, and engineering services, the firm had grown its workforce to 11% in the year 2022 and reached its headcount of 359,600 by the end of December 2022. But the number of employees grew only 0.3% from the end of September.

Commenting on the slowdown of hiring, Aiman Ezzat, CEO of Capgemini has said that the firm has slowed hiring in response to the sluggish growth and demand for cloud, data, and artificial intelligence services.

Ezzat further said that the firm is optimising the operation, taking advantage of the lower attrition, and also emphasising having better growth of the firm soon.

Ezzat also mentioned that he is not predicting the headcount growth but is hoping to have good growth in 2023 and also hopes to increase the headcount as well in 2023.

Author: w1n0n4

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