The IT sector will onboard one-third or 32% fewer engineering graduates in fiscal 2024 compared to fiscal 2023, according to a new report by TeamLease Digital. The findings indicate that 1.55 lakh freshers are likely to be hired in the IT/technology sector this fiscal as compared to 2.3 lakh in the previous year.

With approximately 1.5 million engineering graduates actively seeking IT/tech roles, muted market sentiments and intensified skills evaluation mechanisms will mean only 10% of the fresher pool will find coveted IT jobs.

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