News on Medial

Talent freeze: CXOs get picked, mid-level left waiting

Livemint · 3d

India Inc. is experiencing a talent freeze, with mid-level managers facing hiring slowdowns while top-level positions remain filled. Factors such as the Middle East crisis, unclear business visibility, and the impact of artificial intelligence are contributing to this hesitancy. An 18-20% decline in hiring mandates is noted, alongside an increase in unemployment to 5.6% in May. The slowdown reflects a broader trend of reduced employment opportunities, particularly in rural areas.