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Professional services firm BDO, which started out in 2013 with two offices and 230 employees, is poised to add another 17,000 employees to its India practice and 8,000 to its global development centre-also in the country--by the end of 2028, according Milind Kothari, its India managing partner.

Some companies are yet to onboard students from the previous batch, others are not visiting campuses or are revising salaries downward. The situation is expected to continue for the next few months at least, putting students in a tight spot, though colleges have tried broadbasing the recruiter pool to ensure minimal impact on placements.

The median tenure of middle- to senior-level talent in the EV industry stands at 1.8 years, compared with 4.1 years in the FMCG industry, 3.6 years in MSME manufacturing, five years in EPC and 1.9 years in startups, according to data put together for ET by staffing company Ciel HR Services, based on LinkedIn data from 271,778 employees across 268 companies in these sectors.

Some non-client-facing Indian employees of the firm whose positions are currently under review were notified via email on Tuesday regarding the potential impact on their roles.

Active job postings - or job opening advertisements by companies - in nine mega cities decreased 16% year on year in January while they increased 12% in 30 tier-2 locations, according to the study that tracked job portals, LinkedIn and internal company job posting.

Earlier known as Legato Health Technologies, Carelon is leading US health insurance provider Elevance Health's global capability centre, providing services such as IT, clinical, prescription and administrative operations, data management, and analytics to its parent.

The Bengaluru-based IT major has mailed its Wipro ‘Turbo’ candidates, typically offered Rs 6.5 lakh per annum earlier, the option to take up the lower-paying role (offered to Wipro Elite candidates).

The maximum hiring is expected for IT roles, given the demand for tech skills, as per the jobsite's Hiring Outlook Survey that covered 1,400 recruiters from key industries. Other functional areas where significant hiring is anticipated during January-June 2023 are business development, marketing, HR and administration, and finance.

Besides McKinsey and BCG, other prominent recruiters from the consulting domain included Bain & Co, Kearney, Oliver Wyman, Strategy & Middle East, Monitor Deloitte, Praxis Global Alliance, Arthur D Little, PricewaterhouseCoopers and KPMG.

At least eight in ten employees are confident of landing a new job within three to six months, show the India findings of recruitment firm Randstad's Workmonitor 2023 study, shared exclusively with ET. The study, which was also conducted globally, covered all major sectors including retail, consumer, manufacturing, FMCG, construction, IT and real estate.

The Upskilling Trends Report 2023 India edition by Byju's-owned professional training and higher education platform Great Learning has found that the prospect of an increased salary, higher career growth and acquiring additional technical expertise has pushed professionals towards upskilling in new-age domains. Data science was the top skill acquired by learners in 2022, followed by software engineering and management.

With the evolving economic context and increasing need for businesses to innovate and leverage technology to sustain market leadership, STEM talent has a pivotal role to play, said Pavitra Singh, CHRO, PepsiCo India.

B-schools are seeing offers for freshly minted management grads from consulting, BFSI (banking, financial services and insurance), conglomerates and FMCG, FMCD (fast-moving consumer goods/durables) companies, thus feeling the pinch less than many engineering colleges, which are dealing with a rationalisation in tech hiring from major recruiters in the software-IT space.

It's getting more challenging to land jobs given the slowdown in markets such as the US. Students from lower-ranked institutes and those from non-STEM (science, technology, engineering and mathematics) disciplines are likely to be the hardest hit, according to experts, but STEM students are also facing a tough environment as tech companies resort to mass layoffs.

Edtech startups like Eruditus and Emeritus, Classplus, BrightCHAMPS, among others, are looking to reward employees through increments. Others like LEAD and upGrad are giving out generous stock options, while Vedantu, which has had four rounds of layoffs, will be giving out incentives with no upper limits/caps to employees achieving defined milestones and a performance-based year-end bonus.