The COVID-19 pandemic has a lasting impact on the global economy. The tech services firms have become selective about hiring key employees. The push for digital services has slowed down the demand for techies with traditional skills.
While there aren’t many announcements around layoffs, the tech service providers have hired fewer people with legacy skills. Software services exporters have hired people with emerging skills such as data science, analytics, cloud computing (AWS) and other emerging technologies.
The demand for traditional skills has been significantly low from both tech and non-tech companies. The Covid-19 pandemic has impacted overall hiring across the sectors. Besides marginal demand for skills like C, C++, VLSI design, no other legacy skills have seen any demand in the last three months.
As companies move their services online, software firms such as Infosys, TCS, HCL Technologies, Tech Mahindra, Wipro, and others have been hunting for digital transformation deals that require professionals with new-age skills.
Tech Mahindra is among the few Indian IT firms has been hiring for techies with future-ready skills. The tech firm continues to hire for tech skills as per demand. The company has been focused on skill-based hiring in emerging technologies including Artificial Intelligence (AI), Cloud, Robotic Process Automation (RPA), Blockchain, Internet of Things (IoT), Cybersecurity, and 5G.
There is an increase in the shift to work from home (WFH). Organisations across the spectrum are recruiting techies with new-age skills which can work from home. The need for legacy skill has been going down over the last few months.