Tech firms have laid off many employees in recent months. Openings for legacy jobs have reached a 3-year low. But AI and cybersecurity roles have defied this trend.
Keep reading to find out all you need to know.
The Decline of Legacy Tech
The IT industry in India, anchored by companies like TCS and Infosys, is going through a dramatic change. Global economic headwinds, lower discretionary spending, and businesses' strategy shift towards more flexible, future-ready technologies are all major causes of this slowdown.
Emerging Tech Roles
As traditional tech employment slows, demand for AI, cloud, and cybersecurity talent rises. India is currently facing a shortage of nearly 500,000 AI-skilled individuals, with GenAI and cybersecurity jobs attracting high wages. These aren't just specialised professions; they're becoming central to IT strategy, indicating a significant shift in how businesses create their tech teams.
Impact on Job Seekers
For technology professionals, the message is clear: adapt or risk becoming obsolete. Due to the hiring freeze in legacy domains, upskilling is no longer discretionary; it is required.
Fresh graduates are also experiencing the shift. Traditional campus postings are stagnating, while startups and product firms are seeking candidates with hands-on expertise in emerging technologies such as AI and cybersecurity.